Jim Rogers : Right now as I look at the world, I’m not terribly optimistic. The American stock market has been in a bull market now 6½ years. In America, we’ve had economic setbacks every four to seven years since the beginning of the republic, and chances are we’re getting closer to being due for some kind of correction, bear market even. And the next bear market is going to be worse than most of us have experienced because the debt is so much higher.
You know, we had a problem in 2008 because of high debt, but since then, debt worldwide has gone through the roof. I mean nobody has reduced their debt, almost no nation has reduced its debt since 2008—the debt has gotten higher and higher. So the next time around, we are going to have a very serious problem.
What I’m saying is that I’m not racing around looking for markets. I’m afraid that the big picture is such that we are going to have more problems in the next year or two, and being long most stocks or most investments is not going to be great. - in Barron's
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%.