Friday, June 10, 2016
Jim Rogers - Interest Rates Will Rise, New Recession Imminent - Interview UFM - 2016
James B. (Jim) Rogers is an American businessman, investor, author and worldwide traveler. In this video, he is interviewed exclusively by Olav Dirkmaat, UFM Market Trends Vice Director and professor at the School of Business of Universidad Francisco Marroquín, about the different investments he has done over the years, explaining the ups and downs of the financial sector throughout his rich and vast experience. He talks about leverage, his investment philosophy and his pessimism about the market by the periods of the dot com bubble and the 2008 mass bankruptcy. He explains the problem about worldwide debt in his book Hot Commodities published in 2005. He expounds that there are cycles of investment in commodities and the cycle will change soon, a new recession is on the way. Jim is skeptical about central banking and negative interest rates. He points out the problems in financial future and explains his secret to success is simply to pay attention to what is going on.
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