Jim Rogers : Buy disaster when you can

Famed investor and venture capitalist Jim Rogers sets down with CNBC Mar 31, 2011 and answers questions regarding Japan the Yen nuclear energy future and its implications on oil prices , :
Jim Rogers : I bought some japan yesterday and last week so I was delighted to see that pushed it up today so keep going keep going ..." he said " mainly I bought the index and I bought one little farming stock , but I own the yen and the yen is down today ..." he added regarding the earth quake Jim believes that it will cause a slowdown in the Japanese economy "...of course it is going to cause a slow down in the Japanese economy , eventually though they gonna have to rebuild and they will rebuild it is going to cause a big surge in the Japanese economy and a big surge in demand for many many things , so I do not think japan is going to fall off the face of the earth , in the meantime I own Japan " " I was actually contemplating buying japan anyway and then all of a sudden it got hit by the earthquake and it has been a collapse , in my experience when there is some kind of exhaustion like this and the markets collapse you usually better off stepping in and buying it does not always work , but most of the time it will end up looking much better in six months to a year because the world does not come to an end and things do survive especially a country like Japan it's one of the largest creditor nations in the world and it is not going to disappear , it does not always work but most of time it does so it is pure and simple just experience buy disaster when you can "


.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%.