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%.

Sunday, November 23, 2014

Investing in Bubbles, you will make staggering Amounts of Money




Jim Rogers : When I went to Wall Street I was stunned by what I would hear. How trees can grow up to the sky. Stocks cannot go down. I grew up knowing it wasn't easy to get money and it wasn't easy to make money.That gave me some grounding or reality or skepticism or something, which at times has stood me in good stead, because in the backwoods of Alabama if you came in and said some of the things I was told on Wall Street, they would run you out of town. They would know you were nuts. So that's helped me.On the other hand, it's made me miss some bubbles. Because if you can invest in bubbles, you will make staggering amounts of money, Henry. And that's why you need 26-year-olds, Henry, because they don't know any better. Unfortunately since I did grow up having a sense of reality and grounding, I've missed some bubbles because I knew too much, if you will. I was too smart for my own good. There's nothing more exciting than finding a bubble or two if you can if you can invest in it artfully. I cannot. I am not any good at it. - in Business Insider  Nov. 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%.
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 "
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