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%.

Tuesday, December 27, 2011

The Swiss National Bank has been wrong several times in the past few years

Jim Rogers : The Swiss National Bank has been wrong several times in the past few years. I don’t worry too much about central banks. One of the things I learned in my career is that usually if you go against the central banks, you are probably going to be very successful. The Swiss Bank did knock down the Swiss franc a few weeks ago but they have done it a few times and in the end the market has more money than any central bank.- in The Street.com

2 comments:

  1. Markus PeekDecember 27, 2011 at 6:10 PM

    Jim,

    What's your analysis of the central banks in Australia and New Zealand? Do you think those countries would be a better place to raise english-speaking kids? I'm not willing to make the jump to mandarin quite yet.

    Thank You,

    Markus

    ReplyDelete
  2. AnonymousJanuary 2, 2012 at 6:43 AM

    Thing is though, the SNB can print as much money as it wants so the only limiting factor is whether they want to devalue their currency that much. So the idea that they have limited funds is only partly true.

    Also, the factors which are causing the 'flight to safety' into the swiss franc are not permanent or long term. Once the euro crisis subsides somewhat the pressure on the franc will disappear.

    Anyway. Just my theories, might be wrong or right :-)

    ReplyDelete

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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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