Friday, July 31, 2015
Jim Rogers: America ‘Shot Itself In The Leg’ By Pushing Russia To Asia
Jim Rogers, the chairman of Rogers Holdings and Beeland Interests said the United States hurt itself by pushing Russia towards Asia during an interview with Gazeta.ru.
Mr. Rogers explained that it is just a matter of time before Russia becomes a major partner in Asia. According to him, the United States would not receive a share of the opportunities in the Asian market if Russian becomes a major partner of the region. He said, The “US simply shot itself in the leg.”
Mr, Rogers pointed out that the Asian market has 3 billion people. It is much larger than the combined population of Europe and the United States, which is estimated to more than 1 billion people.
“For Russia it is better to be with 3 billion creditors than 1 billion debtors,” the investor explained,” said Mr. Rogers. He added that the money is China, Hong Kong, Japan, Taiwan, Korea, and Singapore while the largest debtors are in Europe and the United States.
Read more @ http://www.valuewalk.com/2015/07/jim-rogers-us-push-russia-to-asia
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