You've said that there’s unlikely to be an economic crash like famed short-seller, Jim Chanos, and others are forecasting.
Jim Rogers : That’s not right. What I’ve said is that China
is the next great country in the world. There’ll certainly be setbacks
along the way.
In the 19th century, as America was rising to power, it had 15
depressions, a horrible Civil War, massacres in the streets and little
in the way of human rights. And yet, America turned out to be pretty
China will have setbacks along the way. I have no idea what, when,
why or how. But China is the largest creditor nation in the world and if
and when they have setbacks, I would rather be investing money with
creditor nations such as China than debtor nations.
I have frequently said that we’ll have people in the real estate
business going bankrupt in China because the government is trying to
cool off that particular sector. But on the other hand, other parts of
the Chinese economy will continue to do extremely well.
If you’re in agriculture in China, you won’t know whether real estate
speculators in Shanghai are going broke because you’ll be too busy
making money yourself. - in Asia's Money Masters
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