Friday, October 23, 2015
Jim Rogers in Brazil Q&A session
Listen how Jim shares his life story as an investor, gives good career advice to young people, and explains how the Western world is in a decline and how Asia, in particular China, is becoming the new center of the world.
Jim also touches on the decline of the U.S. dollar as the world's reserve currency and comments on the debt situation in the U.S. and his bearishness on U.S. Bonds.
Jim shared with us what he is long and short at this point in time (though of course he dislikes giving investment "tips").
As always, Jim reiterates his bullishness on commodities and believes that silver and gold have much much higher to go. Based on an audience question, he also touches on new investments he has been making in Brazil, in the agricultural sector.
Please excuse my video and sound quality - I recorded this on my phone. But I hope you will enjoy the talk as much as I did and I thought I would share it! Please feel welcome to comment or pass the link along to your friends if you liked the videos.
Watch my channel for more interviews and speeches coming soon - Singapore is after all a financial center in Asia with many great speakers passing through!
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