JIM ROGERS

JIM ROGERS

Saturday, August 2, 2014

Jim Rogers : No Asian Country is a Safe bet should the war break out


What about the Asian region?

I don’t really think there are any Asian countries that are absolute safe bets, should Asia break out into some kind of conflict with the Japanese or the Chinese or the Koreans or Philippines. In that case, no place in Asia would be less dangerous.

How do emerging markets appear as an investment destination now, as compared to the developed markets? Which amongst the two is relatively better insulated, why and on what counts?

America, Germany and many other developed markets are near all-time highs and most undeveloped markets are not. I would prefer to invest in places like Japan, that is still nearly 65 per cent below its all-time high. I would rather invest in Japan rather than in New York. China, too, is around 65 per cent below its high levels. I would much prefer to judge each situation based on its own merit and invest in China or Japan, given that they are depressed, rather than Germany or America.

How do you see the Indian economy shaping? How do you evaluate the change of guard at the Centre and the recent policy measures announced by the new government? Does all this encourage you to look at India as an investment destination?

Well, yes. The new government has done a lot of smart things in its previous positions. I am still in a wait–and–watch mode as regards India. The new government still doesn’t control the upper House (of Parliament), so, the Prime Minister can’t do everything he likes and the recent Union Budget really didn’t do very much. India still has a lot of internal problems. Though I am not investing right away, I am keenly watching the developments unfold. - in business-standard.com July 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

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 "