JIM ROGERS

JIM ROGERS

Tuesday, July 2, 2013

Jim Rogers : Malaysia needs to relax its foreign ownership policy


Jim Rogers : "When people think of Malaysia, they think the government owns or controls a major portion of the economy." he said, adding that the government should grant incentives to Malaysians who invest in companies that are privatised to speed up demand from investors.
"Assets disposed are sometimes better off in the hands of the private sector rather than with the government.
"International investors can go anywhere, and they don't go to places where there are restrictions and problems, they prefer the open, exciting and dynamics places.
"If you want to invest in a bank in the US, you just pick up bank bonds. There is no restriction on how much you can own and in how many banks, you can own whatever you want," Rogers added.
"You have huge reserves, abundant natural resources and Malaysia is at the right place at the right time. Of the many countries that have opened up, I would say Malaysia is one of the most attractive.
"Malaysia has to show outside investors the vast opportunities available for foreign investors.
"There are many good companies and opportunities existing in agriculture and development, like what you have been doing in Johor, which could be exciting for Malaysia, as well for outside investors.
"You have to accelerate that trend, you have to let investors know that they are welcomed here and that they will be treated like everybody else." - in thesundaily



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.





Who is Jim Rogers ?

James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator

Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "