JIM ROGERS

JIM ROGERS

Friday, May 9, 2014

Jim Rogers: I am looking at some Chinese Shares , but The overall Chinese Market is not attractive to me right now




HAI: That’s a really good point. Finally, can you tell us some of the recent trades you have either made or considered? 



Jim Rogers: I will say that I own the Rogers Agriculture Index. I am looking to buy some Russia, and I may be buying it today [April 30, 2014] in fact.

I am looking at some Chinese shares. The overall Chinese market is not attractive to me right now because they do have some debt problems and some real estate problems. But they have said something that is very exciting to me, and that is that they are going to let the market decide situations in the future. That means they’re going to let the market decide if some people are going to go broke, which is very good for China and good for the world.

I am not terribly optimistic about the Chinese market at the moment. However, when they had their economic conference back in November, they listed areas of the Chinese economy where they are going to be spending a lot of money over the next decade or two, and the Chinese government is going to spend a lot of money on some sectors of the Chinese economy. I want to spend money there too. They have got more money than I do and they have got more brains than I do. They gave you a list. Get out the list and try to find companies. That’s what I’m doing. - in HardAssetsInvestor




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 "