Jim Rogers : "..If the world economy gets better I am gonna make money in commodities because of shortages , if the world economy does not get better they are gonna print money and the place to be will be in commodities , I have shorts , I hope I have plenty of shorts so my shorts are protecting me during this period and during any down draft in commodities , when things come out of this first thing they will go up and the things that will go up the most are probably commodities cause they are going to print more money and if they do not print more money it is because the economy is getting better and you gonna have big shortages " " Commodities are in a secular bull market , I have learned the hard way in life , ' you do not short things that are in a secular bull market ' , you find things that have potential weaknesses you hedge yourself by shorting the things where there are secular changes negative changes and you long the things where there are secular bull market going on , and so no no I do not like to short things that are bull market "
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%.
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%.
Saturday, July 16, 2011
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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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