Jim Rogers : We’ve had long cycles where the financial sector was in charge, followed by times when the people who make things were in charge. We’re at a mid-point now. When I was at college people used to talk about the City and Wall Street as backwaters. Now the kids at Oxford all want to start hedge funds. But the fundamentals have changed so much. There is so much competition in finance and banking in the rest of the world, we have gigantic leverage in the industry and now every government is coming down hard against financial types. I think finance is going to be a terrible place to be for the next 10, 20, 30 years
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%.
