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%.

Saturday, January 17, 2015

Jim Rogers describes Switzerland ending Euro peg as a Foolish Move




In an email to Business Insider Jim Rogers wrote regarding the recent Swiss central bank ending euro peg, sending Swiss franc soaring up 30% "I explained carefully and at length that it was coming and why," "I am still astonished they would ever have done something so foolish, but politicians throughout history have always done some amazingly foolish things."



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%.

1 comment:

  1. He did not say that! He said that it was a foolish thing to start the peg in the first place 3 years ago - not to end it.

    ReplyDelete

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 "
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