Wednesday, September 17, 2014
Jim Rogers Joins PhosAgro a Russian Fertilizers Company
Rogers said: "PhosAgro is an excellent company that offers investors excellent value due to the high-quality fertilizers it produces, its vertical integration and low production costs. I have watched the company successfully develop as a global player over the last few years, with flexible sales and production models that have helped it reach new markets, while investments in its Russian production assets have enabled PhosAgro to expand and improve its product portfolio.
"While Russian stocks have been under pressure through most of 2014, I think that PhosAgro's share performance, which is among the best for Russian companies in 2014, shows that investors understand the Company has world-class assets and holds significant potential for sustainable growth.
"I am excited to be joining PhosAgro's Board today, and look forward to working with the rest of the Directors and management to build value for shareholders." - See more at: http://www.stockmarketwire.com/article/4886552/Jim-Rogers-joins-PhosAgro-board.html#sthash.xWgLQTyj.dpuf
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