Jim Rogers : Yes, yes, and that’s a mistake – it is a phosphorous company, not a potash company. It’s called PhosAgro OAO (MCX:PHOR). And to my astonishment, Phosagro has been one of the best-acting stocks in the whole world this year, in US dollars, so it’s at least one thing that I got right this year.
I am very bullish on agriculture; I was bullish on Russia because it was beaten down and very, very, very cheap with vast assets and agriculture is very cheap with a great future, if you ask me, so it all came together. Fertilizer and Russia both being cheap. -- via midasletter.com
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