JIM ROGERS

JIM ROGERS

Saturday, August 10, 2013

Jim Rogers : The governments gotten worse; India gotten worse; the debts gotten worse; inflations gotten worse; the economy’s gotten worse… everything’s gotten worse.


The Government’s Gotten Worse

Jim, one of the world’s renowned investors and a best-selling author, is known for his far-sightedness and contrarian calls.

In this interview he shared why he is “short India” and why India may be a good tourist destination but it’s still not investment worthy on a global platform.

Looking back at the last five years of Indian Economy, Jim said, “The government’s gotten worse; India’s gotten worse; the debt’s gotten worse; inflations gotten worse; the economy’s gotten worse… everything’s gotten worse.”

When Rahul Goel, CEO of Equitymaster, questioned him about his views on the global economy, Jim shared, “We’ve had every major central bank printing huge amounts of money. So, the world is floating on a very artificial lake”.

He further went on to warn the investors across the globe that “The next economic slowdown will be worse than 2008-09” and why investors should not listen to other people and invest only in what they know about.

Taking a strike on the Indian political instability, he said,”(Since 1980) …politicians made more and more mistakes in India. I don’t see that changing anytime soon.”

The interview also covers his views on gold, US stocks, crude oil, amongst many more.

Equitymaster has released the complete interview on their website and it can be accessed on:
in http://www.equitymaster.com/websummit.

JIM ROGERS



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 "