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%.
Tuesday, December 23, 2014
Rogers recommends PhosAgro a Russian Agriculture Stock
Robert Williams: Jim, can you talk a little bit about the Russian agriculture stock you presently own? I want our readers to take particular note of this play.
Jim Rogers: Yes. It’s called PhosAgro, P-H-O-S-A-G-R-O. It’s one of the largest fertilizer and phosphorus companies in the world. It’s run by a bunch of young guys now. And, I mean, it’s a big, big company, even though it’s run by young guys. And I became a director in September, I guess, it was – and partly because I’m bullish on agriculture and partly because I’m bullish on Russia. The ruble, of course, has been a disaster since then, but, as I said, this stock is still up.
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%.
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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 "
With 2/3 ds of their sales coming outside of Russia they are less vulnerable to U.S. and European Union sanctions and benefit as an exporter and the low ruble!!!
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