Tuesday, July 2, 2013
Jim Rogers on Investing in Malaysia, the century of Asia, & frontier markets
JIM ROGERS : Malaysia has a few things going for it now. It has a government that understands how the world is supposed to work and it is trying to open up so that if people accomplish something they can see the fruits of their labor. They have lots of natural resources, are right in the middle of the region, and speak multiple languages, so Malaysia has a lot going for it. I would not have always said that. I have had criticisms of Malaysia in the past, but at the moment, I have investments in Malaysia for the first time in a long time.
I first came to Malaysia to make investments in 1985, so I have been involved one way or the other for nearly 30 years. At times I have been very pessimistic about Malaysia. At the moment, partly because of the new government, which is taking a very open approach to Malaysia and to the world. This is a government that understands economics better than some governments, has big reserves, has huge national resources, and has a very large agricultural component of their economy, and I am extremely optimistic about agriculture. Malaysia is right here in the middle if ASEAN and I am optimistic about what is happening in ASEAN. They have this neighbor called China as well. They are multicultural, which sometimes has been a negative here, but they have multiple languages. There are a lot of things going on in Malaysia that, for me anyway, means it's time to start thinking about or investing in Malaysia again - and I have by the way, I do have investments in Malaysia which I made about 2-3 years ago because I saw what the new government was trying to do. So I am more optimistic about the future of Malaysia. There are problems everywhere, but there are many reasons to be thinking about investing in Malaysia now. - in zawya.com
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%.
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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