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%.

Wednesday, June 13, 2012

Jim Rogers: Let Spain, Greece Go Bankrupt

Jim Rogers, chairman of Rogers Holdings , offers insight on bailouts in Europe and why they won't work. He also shares his view on the U.S. economy. " New York city went bankrupt the world did not come to an end , Mississippi went bankrupt once the world did not come to an end, Detroit is bankrupt, the world has not ended end. What happens is you reorganize and start over it's been happening for few thousands years Bill , there's nothing new. you know who loses money? the bondholders lose money the bankers lose money " Jim Rogers explains "and that was wonderful they let Lehman Brothers go bankrupt if they didn't we will be still suffering they will still trying to bail out everybody inside " he added

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 "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 "
Related Posts Plugin for WordPress, Blogger...