Jim Rogers : "In the 50s, 60s and 70s, Wall Street was a backwater, for many historic reasons. But then we had a bull market. Everybody gets an MBA. There are hundreds of thousands of them out there." "Now financial companies – banks especially – are extremely leveraged, which means they have a lot of debt, which never happened in the old days. There were partnerships and the partners wouldn't take on a lot of debt cause they knew they could go bankrupt."- in mining
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum
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%.
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 "