JIM ROGERS

JIM ROGERS

Wednesday, June 18, 2014

Jim Rogers : Indian Market looks very exciting


ET Now: Let us talk about the Indian markets in specific. They have been on a complete roll. How are you viewing the change in guard at the Centre and its impact on the Indian markets?
Jim Rogers
: Well, it certainly looks very exciting, at least if you just look at the surface. The BJP did win a majority of seats in the Parliament, but it is interesting to know, and I have seen very little comment on this, that they had only got 31% of the votes. It is the lowest popular vote that any majority party has ever got in India.

So underneath, it is not nearly as exciting as it is on the surface. Now the new Prime Minister may be able to get things through, but remember, he has got an upper house where he has very little representation and most of the people in the upper house do not like him.

Therefore even if he is going to make changes, this is going to take at least a year before there is another election. So everybody is extremely excited, but I am a little sceptical. I am not participating and to my so ..

Therefore even if he is going to make changes, this is going to take at least a year before there is another election. So everybody is extremely excited, but I am a little sceptical. I am not participating and to my sorrow, I had missed it, but I feel a little skeptical. - in Economic Times





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 "