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%.

Friday, January 2, 2015

A Bear Market wouldn’t be a bad thing



FM: Would a market correction of 10% to 20% be bad?

Jim Rogers : No. We haven’t had even a 10% correction for three years. Normally the market has a 10% correction every year or two and it is good. It certainly wouldn’t be a bad thing. A bear market wouldn’t be a bad thing. There is a lot of complacency. A lot of exuberance that usually leads to a misallocation of resources. I do know that those guys in Washington don’t have the courage of their convictions. Second, they have no knowledge or experience so when things start going wrong they will panic, and all they know how to do is print more money and that is what they will do in their panic.






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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