Jim Rogers : "I'm bullish on Russia," "...Things are changing in the Kremlin, in my view. And so, therefore, I started investing," "The attitude [in Russia] used to be: just take the money away from them, shoot them, put them in jail, whatever it is. Bankrupt them if we don't like you. But that's changed. Somebody there realizes [that] you cannot treat foreigners, or foreign investors, or capital that way," Rogers said. "The days of communism and the KGB is over," he added. "So they've started doing things differently. And so, I've started investing in Russia." One reason I got involved with Russia... was because they had huge foreign currency reserves. And they don't have much debt. They have a convertible currency... I mean, Russia's astonishing once I got more and more looking into it," he said. "Russia's hated. In my view, wrongly so. And I hope this is all going to pass, and I'll make a lot of money," Rogers said.
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%.
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