"I'm bullish on Russia,""...Things are changing in the Kremlin, in my view. And so, therefore, I started investing," "The attitude [in Russia] used to be: just take the money away from them, shoot them, put them in jail, whatever it is. Bankrupt them if we don't like you. But that's changed. Somebody there realizes [that] you cannot treat foreigners, or foreign investors, or capital that way," Rogers told Bloomberg "The days of communism and the KGB is over," he added. "So they've started doing things differently. And so, I've started investing in Russia.""One reason I got involved with Russia... was because they had huge foreign currency reserves. And they don't have much debt. They have a convertible currency... I mean, Russia's astonishing once I got more and more looking into it," "Russia's hated. In my view, wrongly so. And I hope this is all going to pass, and I'll make a lot of money,"
Nov. 25 (Bloomberg) -- Rogers Holdings Chairman Jim Rogers explains why he's bullish on Russia. He speaks with Bloomberg's Mark Barton on "Countdown." (Source: Bloomberg)
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