Monday, May 23, 2016
Jim Rogers The Big Trade Series Interview
Jim Rogers message to the audience was, “No matter what happens, the world we live in will be very different 15 years later, history has proved that… just be careful, the world will be coming out of a difficult time in the next coming years.” Good advice from a legendary investor.
Legendary investor, Jim Rogers, comes back to The Big Trade Series for an insightful conversation on capital markets. Peter and Jim start with an update on their US dollar positions, which they discussed last year. The discussion moves on to global currencies, they talk about the possible relationship between the US dollar and Chinese renminbi, the growth of the renminbi, and how some currencies would benefit from a rate hike. The conversation shifts to the agricultural industry and Peter talks about the attractiveness of this space in Vietnam. Jim then shares his thoughts on government incentives. The two next delve into stock index construction for emerging countries. Peter discusses the challenges, including low liquidity, foreign ownership restrictions and the dominance of state-owned enterprises. He then mentions how an equal weight index – which he will launch very soon - will be able to handle these problems. This is followed by a discussion on various subjects, including the potential of the organic food sector, the synergy between China and Russia, the TPP and free trade agreements and the knowledge-based economy. Jim concludes the conversation by sharing his daily routine.
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