Jim Rogers : Well probably agriculture. Agriculture’s a disaster, and has been a disaster for thirty years – certainly for a decade or two. The world has consumed more than it has produced for at least ten years now. Inventories are running down to historic lows in many commodities. We’re running out of farmers. The average age of farmers in America is 58, in Japan its 66 – I doubt if you know many people who became farmers from your school whatever your school was or schools were. Because in America, more people study public relations than study agriculture. It’s a dying business. At least as far as the people are concerned. And that’s going to change, because agriculture has to become profitable and exciting. We’re not going to have any food at any price. All those guys are going to die. And all those young guys studying PR are not going to be able to raise cotton or corn or wheat. So I would suspect that’s where the best opportunities are.
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%.
No comments:
Post a Comment