Saturday, August 16, 2014
I doubt This Is this the beginning of the Third World War
ET Now: When it comes to the geopolitical tensions from Ukraine and Gaza, do you expect any repercussions on equity as well as commodity markets? Or, any change in risk aversion?
Jim Rogers : They've already had an impact on some markets. Last week, US stock markets were down 2-3 per cent. This means somebody is paying attention. Unfortunately, we have had problems in Gaza for at least 40 years now and I am afraid we might have another 40 years given where things are going. Eruptions break out and they always have an effect and will continue to do so. We have all been making many mistakes there for a long time now; and I am afraid we will continue to do so.
Is this the beginning of the Third World War? I doubt it. Someday, one of them - Gaza or Israel - may get out of control. But fortunately, too much of the world is focusing on it now to rein in the woes.
Ukraine is more dangerous because unfortunately nobody seems to be getting it right ... This is going to erupt further, but it is more dangerous because there are too many people involved. - in ET Now Aug 2014
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