"An economic slowdown is like a forest fire (that gets rid of the underbrush) in a forest. It's terrible at first, but then it cleans out the excesses of the current system, and everyone will be better off when the economy starts over from a sound base," said Rogers in an exclusive interview with China Daily. "It's happening in China at the moment as the government stays tight to cool things down. But I think it's a good thing," he added. - in China daily
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%.
