Jim Rogers : The Rating Agencies Totally Wrong

Jim Rogers : The rating agencies ? who would pay any attention to them ? for 15 years they have been dead wrong , I stopped paying any attention to the rating agencies probably 25 years ago , you know what they are , they are kids who come out of the university they're MBAs may be , they sit there they do this and that and they come up with these absurd judgments , why would anybody pay any attention to them especially looking at their history , totally wrong about nearly everything they've done fot 25 years , but the idea that it's a conspiracy within the American government no no they're not smart enough

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%.