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%.

Thursday, December 22, 2011

Jim Rogers : Italy & Greece should stay in the Euro

Jim Rogers : I would stay in if I were Italy or Greece , the Euro is a good thing it'll make them more efficient more competitive , they will have to take some pain in the main time but if they pull out John it it is going to be the same old Drachma the same old Lira which was always been debased always inflation always higher and higher cost , the Greeks are not going to be better off , nobody is going to be better off if you go back to a system of just printing money , more devaluation more debasement that's not going to help , they can do it they certainly have been around for long time but most of the time the greek economy was in trouble because they kept debasing the currency and likewise the italian currency , i would stay in , I would take the pain I have huge write offs but I would stay in if I were those countries - in CNN
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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