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%.

Sunday, July 19, 2009

Jim Rogers there were huge opportunities in this crisis

Jim Rogers there have been great opportunities for people who were quick and nimble :


Goldman Sachs, which was bailed out by the US Government with $10 Billions in aid last year, is due to unveil a $2 Billion profit
Jim Rogers said he was "outraged that the US government bailed anyone out".

"All of those people should have gone bankrupt," he said to BBC News on this 14th of July "Isn't capitalism the system where people are allowed to fail?"
"Obviously there have been great opportunities for people who were quick and nimble " he said
"The stock market collapsed and then rallied gigantically bond market had huge fluctuations commodities went to the roof anybody who was nimble would have made a lot of money , I don't hold it against anyone who made money, I wish I had made more, we all do."

"These are difficult times, but some people take advantage of it, and make the world better for all of us. If nobody does that, we are not going to ever come out of this." he added

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Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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