Jim Rogers said, “The people at the Fed are bureaucrats and academics, they don’t know anything. They are going to panic…they’ll do something to loosen up again, we’ll have a big rally but that will be the end.” (Source: Ibid.)
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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