James West: So for example I’m a
shareholder in a phosphate company that’s going into production in
Brazil very soon – DuSolo Fertilizers – is that the kind of thing where
an investor could benefit by exposure to the fertilizer business in
Brazil, where consumption is growing?
Jim Rogers: Yes, yes. That’s exactly
what I’m talking about. Now I have no idea whether your company is
competent, if they know what they’re doing or anything else. But if they
do, and if they do have a good deposit, and they are low-cost
producers, yes! They’ll do extremely well, there’s no question about
James West: Brazil is in particular number
three, and number one, and number two in so many agricultural exports,
and I know that they import, on average, about 65 percent of their
fertilizers, so do you think there’s an advantage for investors who are
investing in the countries where they are consuming the fertilizers?
Jim Rogers: Well of course. If you can
produce it where it’s consumed, you have many, many advantages. All
other things being equal. I mean, if you’re incompetent and don’t know
how to run a mine, well then it won’t matter. It might be cheaper to put
it on a boat somewhere and send it a few thousand miles. It depends on
who’s doing what and the quality of the reserves, etc. But everything
else being equal – yes. If they can produce and if they can produce at a
competitive price, it is certainly a lot better to have the production
right there in the country. And Brazil is going to continue to be an
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