Jim Rogers Warns Market to Cave in the Next Few Months

Transcript : previous companies in the past 11 years 0:02 now investors like founder of pan 0:04 american silver ah speedy rick rule 0:07 Sprott Asset Management and legendary 0:09 fund manager and restore stock picker 0:11 Marin KATUSA are taking a stake in this 0:13 new gold company insiders own forty 0:16 percent of the company 0:17 this is the gold play you don't want to 0:19 miss out on learn more at 0:21 futuremoneytrends.com slash insider 0:23 greetings and thank you for joining us 0:26 at futuremoneytrends.com i'm here with a 0:28 legendary investor someone who has been 0:30 a very pleasant guest on the show in the 0:32 past haven't talked to him in about a 0:34 year 0:35 mr. Jim Rogers chairman of Rogers 0:37 holdings 0:38 you can also find the many books that 0:40 he's written at gym rogers.com / books 0:43 some of my favorites adventure 0:46 capitalist street smarts and a personal 0:48 favorite is a gift to my children 0:50 Jim thank you so much for joining us I'm 0:53 delighted to be a Daniel I gym a lot of 0:56 people are getting concerned about the 0:58 economy because of the major indexes are 1:00 falling gold is is rising but you know 1:03 we've been through this so many times 1:04 before were all the sudden the dead is 1:06 spotlighted the bonds the 1:07 unsustainability what is different about 1:10 now is there anything different about 1:11 right now in 2016 then in 2009 or 2012 1:18 the difference in two thousand dollars 1:20 today is in 2009 the market that cave 1:23 and and collapse and and now we have the 1:26 market near all-time highs but the 1:29 gigantic your friendship seven years 1:30 later with massive amount of dead added 1:34 massive amounts of money printing a huge 1:37 artificial wave of liquidity around the 1:39 world and unfortunately we're all gonna 1:42 pay the price for it for the central 1:44 bank still uh I mean they've been able 1:46 to kick the can down the road I mean 1:48 after 911 in 2008 2011 when the when the 1:53 dollar are the Treasury got downgraded 1:56 by the SMP they always seem to be able 1:59 to just keep this thing going and they 2:01 keep it going for another decade and no 2:05 now they cannot i thought you could stay 2:07 for another month to another corner 2:09 and that but not not for another decade 2:12 absolutely not it's all gonna even long 2:15 before that Daniels for use it you 2:17 should be knowledgeable I know you are 2:19 but you should be worried and you should 2:21 be prepared everybody should be worried 2:23 and be prepared when you say be prepared 2:25 how do you prepare well in many ways 2:29 depends on who you are where you are in 2:31 your state your station in life and 2:33 other difficulty what you should do if 2:35 you're sitting in Colombia if you're 2:37 finding another fancy vastly different 2:39 different things have your 19 years old 2:42 the whole lot different from if you're 2:44 89 yourself so it depends on you and let 2:47 you know the the same the simple advise 2:49 you to stay with what you know whoever 2:52 you are with you yourself don't listen 2:54 to me or some guy here on the only 2:56 internet another TV they wouldn't let 2:59 you know how otherwise do nothing 3:02 Jim for negative interest rates i mean 3:04 really it's negative interest rates or 3:06 021 percent so essentially no one's 3:09 getting anything from these bonds of 3:11 what is this what is the central bankers 3:13 exit plan i know that you you are not a 3:15 central banker you're obviously thank 3:17 god you're not but what what do you 3:20 think what do you suspect me what your 3:21 speculation what the hell are they 3:23 thinking what is their exit game 3:25 well this is all an experiment for them 3:28 if you read some of the things they say 3:31 especially an unguarded moment you'll 3:33 see that they really didn't know what 3:34 they were going to just thought with 3:36 this system bonus up in the air and see 3:38 if it works or not they didn't know that 3:40 nobody's ever done something like this 3:42 before but they're essentially the most 3:44 important thing are a very important 3:47 thing about the stander is this is the 3:49 first time in recorded history when you 3:51 have central bank government setting out 3:53 to destroy the people who save and 3:56 invest throughout history all of us were 3:59 torched save your money invest for the 4:02 future and then in the end you'll be 4:04 okay i know nearly everybody listening 4:07 this was taught that lesson they 4:09 wouldn't be listening right now 4:10 unfortunately off all those people are 4:12 now being wiped out you know getting no 4:15 interest it doesn't matter whether your 4:16 pension fund endowment insurance company 4:19 whatever you are y'all getting wiped out 4:22 these days and that historically is 4:26 going to be a disaster 4:28 you need two people who save and invest 4:30 you need that class of people more than 4:32 anything else 4:33 well we're now rolling them and 4:35 unfortunately it's going to be a very 4:37 very serious problem with an inch 4:40 Jim the war on cash it seems to be X 4:43 accelerating however is there enough 4:46 time for them to implement the war on 4:48 cash where they phase-out currency for 4:51 them to get the maximum benefit of 4:53 having a casual society or they just 4:55 really wrapping this up too late 4:58 well too late it is it too late for the 5:03 difficulty I you know it's not you like 5:05 to get it done 5:06 will they get it done in 2016 no I mean 5:09 there's still millions hundreds of 5:11 millions of people oh don't have phones 5:13 in bank accounts etc etc so it will take 5:16 awhile to implement this certainly 5:19 worldwide or even nationwide in the 5:22 united states are they going to do it 5:24 yes they're going to do it it gives you 5:26 more power and more control and 5:28 unfortunately for all of us 5:30 governments throughout history of tried 5:32 for more power and more control 5:34 delighted power corrupts I'm not the 5:36 first person to figure that out and 5:38 they're going to continue to do it just 5:40 it good for you and me 5:41 absolutely not good for you and like it 5:44 gives you more control and unfortunately 5:46 we're going to have to face that problem 5:49 and how they're going to exist on this 5:52 daniel and for shot at i don't know that 5:54 i don't know if they have a plant 5:56 because i read all the stuff that they 5:58 talk about best I can see is they say 6:01 well if nothing else we can just let 6:02 this all run off and buy a lot of bonds 6:05 someday the bonds mature and then 6:08 everything goes back to normal 6:10 that's 30 years it takes forever for all 6:13 of that to happen 6:14 a and B it's not going to work that away 6:18 because eventually the markets just 6:20 going to say that these guys we've had 6:23 enough enough is enough we don't want 6:25 your garbage paper anymore and then 6:27 might then we're going to have the real 6:28 prices crisis just comes from 6:31 governments are central banks trying to 6:33 cool things are is one thing 6:36 but a crisis at the market imposes on 6:40 the world other than really really 6:42 national chains and that's what we're 6:44 going to face that these guys have 6:45 gotten us into a situation right there 6:48 is no escape 6:49 other than panic problems you seem more 6:53 specific I've talked to in the past 6:55 you've never want to put a date on it 6:56 understandably but you have given a 6:59 warning 6:59 however talking to you right now I'm 7:02 getting the sense that you there's a 7:03 little more urgency that people need to 7:05 prepare people need to be ready 7:07 is there something specific that you're 7:09 saying that has you worried 7:12 well I i guess the main thing that has 7:14 me a little worried now is that the 7:16 market are telling us that there's 7:18 something wrong you know this this the 7:21 last well ask too much you know it's in 7:24 2015 and United States twice as many 7:28 stocks were down on the new york stock 7:30 exchange as up only one-third of stock 7:34 on the new york stock exchange all up in 7:36 2015 7:38 now that was disguised the averages in a 7:40 good one flat they were flattened down 7:42 its but they were disguised by the fact 7:46 of the few big companies went up all the 7:48 time you know the names Amazon Microsoft 7:51 no stocks went up and hit the fact that 7:54 the market was really deteriorating 7:56 underneath there's the first side and 8:00 then of course this year 8:01 everything is going down nearly 8:03 everything so we know that the market 8:06 knows the market is telling us telling 8:09 me getting closer and closer to the 8:12 central banks are doing what they always 8:14 do that riding to the rescue and they 8:16 don't worry we will save you we will say 8:18 is that markets or rally but the markets 8:21 are telling me hey guys we're getting 8:24 close is gold-making 52-week highs part 8:28 of that sign and is it is it now a 8:31 bullish sign four goals i know you've 8:34 actually been kind of on the sidelines 8:35 for gold at least last year and maybe 8:37 the previous years i was talking to you 8:39 but i have about go for five over five 8:43 years I hold a lot of code 8:45 don't get me wrong and silver haven't 8:47 bought in to go for a long time 8:50 you know I'm on record 2011 this thing 8:54 is going to go to to 1200 1200 1200 8:57 shows how smart I am but don't know i'm 9:00 not buying gold at the moment I still 9:02 expect another opportunity to buy gold 9:04 may not happen 9:06 it certainly may not happen but if it 9:07 doesn't don't worry and violence in your 9:09 goat 9:10 I'm looking for new opportunities to buy 9:13 gold something we'll have you any less 9:16 safe let's say that the central bankers 9:18 save us for a while that the markets go 9:20 up for a while normally go we'll go down 9:23 often go go down in a scenario like that 9:26 especially if the central bankers do 9:29 something dramatic and then that would 9:31 be the opportunity if I go if you ask me 9:34 that Daniel did the central bankers 9:36 haven't given up yet they're not they 9:38 still make sure they still think they're 9:40 smart they still think they know what 9:42 they're doing they don't know what they 9:43 do they think they're smarter than the 9:45 march maybe check that they are not 9:47 smarter than the market even though they 9:49 think they are they always Ivy League 9:51 schools for goodness sake in all of 9:53 academics and bureaucrats they think 9:56 they're smarter than you and me and 9:58 certainly smarter than the market 9:59 they're not get judge when you're just 10:03 saying kind of almost reminds me the 10:04 election this year where you've got 10:06 these the rejection of the politicians 10:08 who have never really accomplished 10:10 anything but you have Donald Trump was a 10:13 businessman who has accomplished a lot 10:14 of things and of course is not an 10:16 endorsement to talk about Trump but is 10:18 the biggest problem or one of the 10:20 fundamental problems of the central 10:21 bankers these people really haven't 10:23 accomplished anything in life other than 10:25 going to school have a dish that is part 10:30 of our problems are you you put it you 10:32 put it very very well indeed they will 10:34 they be great at school you know they 10:36 were great in the playground 10:38 some of them were great in the 10:39 playground but that's about this 10:41 that's about the end of it finally mr. 10:43 Trump has accomplished think he's been 10:45 bankrupt for time I mean he's really 10:47 really really made a lot of people 10:49 supper very badly so he knows about 10:52 bankruptcy I'm afraid you're bank 10:53 robbers again let's not get off on that 10:56 yeah Jim what are your favorite 10:57 opportunities right now either short or 10:59 long 11:00 oh maybe i'm sitting and watching I i 11:04 don't really what am i doing anything 11:07 huh i'm gearing up to try that the other 11:11 half of one investor nigeria i invest in 11:15 Kazakhstan that's on investment or and 11:17 not doing anything either of those 11:20 places at the moment but i'm gearing up 11:22 of Columbia if I weren't so lazy i would 11:26 be doing something in columbia at the 11:28 moment I am sure in the US and short 11:32 stocks we talked about the 412 never 11:35 went to never went down my i'm short 11:39 junk bonds in the US but these are 11:42 positions that i put on before I'm not 11:44 not adding to the middle moment if the 11:47 opportunity arises only the junk bonds 11:49 go up a fair amount of time surely I 11:51 know I had that position that gold 11:53 collapses i'll add to that position for 11:56 the moment I i would like to short on 12:00 this rally Europe i'm going to short 12:04 some Europe on this rally at that's 12:06 probably the next action that i will be 12:08 taking but who host Daniel I mean tell 12:10 me what's going to happen in the next 12:11 couple of weeks and give you better 12:13 answer when we wrap it up what is the 12:17 myth what is the media missing about 12:18 China because essentially they're 12:20 talking about a bubble bursting and you 12:23 know we do see the the bridges to 12:24 nowhere we do you see the ghost cities 12:26 but you're there you're you've been more 12:28 countries than anyone i mean literally 12:31 Afghanistan of World Records for for 12:32 traveling so many countries 12:34 what is what is the media the talking 12:37 heads 12:38 what are they missing about China help 12:42 them by the main thing they seem to be 12:44 initiated they don't quite understand 12:46 the depth of the changes that are taking 12:48 place back a china is the only country 12:51 in the world has been great three or 12:53 four times great britain was great ones 12:56 from was great one to Egypt was great 12:58 once China's Great three or four times 13:01 for whatever reason I don't know they 13:03 also have attached to pee and collapse 13:05 over collapse three or four times but 13:07 every time in the only country which has 13:10 turned around on risen to the top again 13:13 in my view that's what's happening again 13:16 that does not mean Daniel little bitch 13:18 many disasters and setbacks along the 13:20 way in the 19th century america we're 13:23 going to do the great country of the 13:25 20th century 13:27 so we had a horrible civil war we had 15 13:29 depressions with we had massacres in the 13:32 streets we had very few human rights had 13:35 rule of law you could buy and she'll 13:37 Congress but just don't buy and sell 13:40 congressman but in the 19th century they 13:42 were cheap to buy three for the price of 13:44 one today we have any followers china 13:47 will have many problem as it rises there 13:50 does seem to be some property problems 13:53 now from over buildings but I would also 13:56 point out i have been watching property 13:59 over building for 30 years 14:01 remember the first time i went i think 14:03 i'll use these hotels he's going to use 14:05 the know what has china from many 14:09 historic reasons has been a disaster for 14:12 a few hundred years so there's a lot of 14:15 10 of demand kind of need but there will 14:18 be problems going on you talk about the 14:20 ghost cities but somehow know that those 14:22 ghosts is he getting filled up in the 14:24 past 30 years one after another has the 14:28 government is said that now they're 14:29 going to let people go bankrupt so there 14:31 will be bank which would be good for 14:33 China be good for the world if they meet 14:35 up so when you start seeing people go 14:37 bankrupt in China will scare a lot of us 14:40 the China has gigantic reserve a lot of 14:44 money saved up for a rainy day and huge 14:47 turn up too neat and you look around 14:50 your life 14:51 china the most Chinese don't have nearly 14:53 life that you have whether it's traveler 14:56 physical goods you know anything so 14:59 there's a huge need in China education 15:02 health care to name it and they need it 15:05 so those there will be setbacks there 15:07 will be problems along the way which is 15:10 good 15:10 china has said they're going to let 15:12 people go bankrupt 15:14 Oh in 2008 world had a problem 15:18 fortunately trying to have a lot of 15:19 money saved for a rainy day they started 15:22 spending it which is one reason the 15:24 world recover but this time around 15:26 no the Chinese have get themselves I 15:29 mean it's not like America it's not like 15:31 Portugal or something but they have a 15:33 lot of debt themselves so they're going 15:35 to see some problems should but I assure 15:38 you I'm long china and I'm sure the u.s. 15:41 I i don't think that the that the 15:44 Chinese situation while there will be 15:46 problems is better than what's happening 15:48 in the u.s. IgM IgE for people who are 15:52 listening to show right now and uh 15:53 they're interested in reading one of 15:55 your books kind of put up put you down 15:57 into a corner here 15:59 what what two books could you suggest 16:01 for someone right now to go read that 16:04 you've written that would be very 16:05 relevant for them today in in today's 16:07 markets well straight spots maybe 16:11 because that's the most recently it's 16:13 called speech large adventures on the 16:15 road and in the markets and it basically 16:17 discusses all of this and much more 16:20 including how I sort of came from the 16:23 backwoods of Alabama sudden it's just 16:25 really hearing in Asia with your blue 16:27 it's just stick to speak Mandarin has 16:30 perfect manners and why I'm here too 16:33 long way from the backwoods of Alabama 16:35 to hear i guess the other would be a 16:38 gift to my children just because 16:39 everybody who you who has shoulder will 16:43 understand it and that shoulder will 16:44 understand it but it's really it's 16:46 written for my children but my children 16:48 will not understand each other and their 16:50 twenties or thirties it's really good 16:52 growing out more than more than four 16:54 children LOL how some of the things that 16:57 I sheep about how to live one life and 17:00 have a having survived much less 17:03 successful i guess those are the 22 i 17:06 would start throwing it at my travel 17:08 books too but you said only two 17:10 catalysts out there 17:12 oh yeah and and the children's book I'll 17:14 give to my children without a doubt my 17:15 favorite book i have three small 17:16 children myself and it's just great 17:19 last question sir if you could only hold 17:22 one investment for the next five years 17:24 what would it be the next five years it 17:29 would probably be sugar maybe rice 17:34 probably probably sugar work for time I 17:39 today's prices 17:41 I mean it gold onto a thousand i would 17:43 take gold but if you're talking about 17:45 something to buy today at the market 17:51 well sugar comes to mind maybe the rule 17:54 a rule are our sugar i would say well 17:57 Jim you've been very generous with your 17:59 time thank you so much for anyone who 18:01 would like to learn more about Jim 18:02 Rogers go to gym rogers.com or go 18:05 straight to gym rogers.com / books and 18:08 you can buy all of his books 18:09 specifically the two he just noted 18:11 Jim thank you again sir I that these 18:15 guys have got this into a situation 18:17 Brad there's no escape other than panic 18:21 problems 18:22 you seem more specific I've talked to in 18:25 the past you've never want to put a date 18:26 on it understandably but you have given 18:29 a warning 18:30 however talking to you right now I'm 18:32 getting the sense that you there's a 18:33 little more urgency that people need to 18:36 prepare people need to be ready 18:37 is there something specific that you're 18:39 saying that has you worried 18:41 well I i guess the main thing that has 18:44 me worried now is that the market are 18:47 telling us that there's something wrong 18:49 you know this this the last well ask too 18:53 much you know it's in 2015 and United 18:57 States twice as many stocks were down on 19:00 the new york stock exchange as up only 19:03 one-third of stock on the new york stock 19:05 exchange alup in 2015 19:08 now that was disguised the averages it a 19:11 good one flat they were flat down its 19:13 that they were disguised by the fact of 19:16 the few big companies went up all the 19:18 time you know the names Amazon Microsoft 19:21 no stocks went up and hit the fact that 19:24 the market was really deteriorating 19:26 underneath there's the first side and 19:30 then of course this year 19:31 everything is going down nearly 19:33 everything so we know that the market 19:36 knows the market is telling us telling 19:39 me getting closer and closer to the 19:42 central banks are doing what they always 19:44 do that 19:45 riding to the rescue and they don't 19:47 worry 19:47 real shady we will say that markets or 19:50 rally but the markets are telling me 19:53 previous companies in the past 11 years 19:55 now investors like founder of pan 19:58 american silver ah speedy rick rule 20:00 Sprott Asset Management and legendary 20:02 fund manager and resource stock picker 20:04 Marin KATUSA are taking a stake in this 20:07 new gold company insiders own forty 20:09 percent of the company 20:10 this is the gold play you don't want to 20:12 miss out on learn more at 20:14 futuremoneytrends.com slash insider 20:16 greetings and thank you for joining us 20:19 at futuremoneytrends.com i'm here with a 20:21 legendary investor someone who has been 20:23 a very pleasant guest on the show in the 20:26 past haven't talked to him about a year 20:28 mr. Jim Rogers chairman of Rogers 20:30 holdings 20:31 you can also find the many books that 20:33 he's written at gym rogers.com / books 20:37 some of my favorites adventure 20:39 capitalist street smarts and a personal 20:41 favorite is a gift to my children 20:44 Jim thank you so much for joining us I'm 20:46 delighted to be a Daniel I gym a lot of 20:50 people are getting concerned about the 20:52 economy because of the major indexes are 20:54 falling gold is is rising but you know 20:56 we've been through this so many times 20:57 before we're all the Sun the dead is 20:59 spotlighted the bonds the 21:00 unsustainability what is different about 21:03 now is there anything different about 21:04 right now in 2016 then in 2009 or 2012 21:11 the difference in 2000 @ today is in two 21:14 thousand that the market k & and 21:17 collapsed and and now we have the market 21:19 near all-time highs but the gigantic 21:22 your friendship seven years later with 21:25 massive amount of dead added massive 21:28 amounts of money printing a huge 21:30 artificial wave of liquidity around the 21:32 world and unfortunately we're all gonna 21:35 pay the price for it for the central 21:37 bank still uh I mean they've been able 21:40 to kick the can down the road I mean 21:42 after 911 in 2008 2011 when the when the 21:46 dollar are the Treasury got downgraded 21:49 by the SNP they always seem to be able 21:52 to just keep this thing going and they 21:54 keep it going for another decade 21:57 and no no they cannot i thought you 22:00 gonna stay for another month into 22:01 another corner and that's what not 22:04 not for another decade absolutely not 22:06 it's all gonna even long before that 22:09 Daniels for you should you should be 22:10 knowledgeable i know you are you should 22:13 be worried and you should be prepared 22:15 everybody should be worried and be 22:16 prepared when you say be prepared how do 22:19 you prepare well in many ways depends on 22:23 who you are where you are in your state 22:25 your station in life and other 22:26 disciplines what you should do if you're 22:28 sitting in Colombia and if you're 22:30 finding another facet vastly different 22:32 different things have your 19 years old 22:36 the whole lot different if you're 89 22:38 yourself so it depends on you and let 22:40 you know the the same the simple advise 22:42 you to stay with what you know whoever 22:45 you are with you yourself don't listen 22:48 to me or some guy here on the only 22:49 internet on the TV they wouldn't let you 22:52 know how otherwise do nothing 22:55 Jim for negative interest rates i mean 22:57 really it's negative interest rates or 22:59 021 percent so essentially no one's 23:02 getting anything from these bonds of 23:04 what is this what is the central bankers 23:06 exit plan i know that you you are not a 23:08 central banker you're obviously thank 23:10 god you're not but what what do you 23:13 think what do you suspect me what your 23:14 speculation what the hell are they 23:16 thinking what is their exit game 23:18 well this is all an experiment for them 23:22 if you read some of the things they say 23:24 especially an unguarded moment you'll 23:26 see that they really didn't know what 23:28 they were doing it just not with this 23:29 system is up in the air and see if it 23:31 works or not they didn't know that 23:34 nobody's ever done something like this 23:35 before but they're essentially the most 23:38 important thing are a very important 23:40 thing about the stander is this is the 23:42 first time in recorded history when you 23:44 get central bank government setting out 23:47 to destroy the people who save and 23:49 invest throughout history all of us were 23:52 talked save your money invest for the 23:55 future and then in the end you'll be 23:57 okay i know nearly everybody listening 24:00 this was taught that lesson they 24:02 wouldn't be listening right now 24:03 unfortunately off all those people are 24:06 now being wiped out you know getting no 24:08 interest it doesn't matter with your 24:10 pension fund 24:11 downing insurance company whatever you 24:13 are y'all getting wiped out these days 24:16 and that historically is going to be a 24:20 disaster 24:21 you need two people who save and invest 24:23 you need that class of people more than 24:25 anything else 24:27 well we're now rolling them and 24:29 unfortunately it's going to be a very 24:31 very serious problem with an inch 24:34 Jim the war on cash it seems to be X 24:37 accelerating however is there enough 24:39 time for them to implement the war on 24:41 cash where they phase-out currency for 24:44 them to get the maximum benefit of 24:46 having a casual society or they just 24:49 really wrapping this up too late 24:52 well too late it is it too late for the 24:56 difficulty I you know it's not too late 24:58 to get it done 24:59 will they get it done in 2016 no I mean 25:02 there's still millions hundreds of 25:05 millions of people oh don't have phones 25:07 in bank accounts etc etc so it will take 25:09 awhile to implement this certainly 25:13 worldwide or even nationwide in the 25:15 united states are they going to do it 25:17 yes they're going to do it it gives you 25:19 more power and more control and 25:22 unfortunately for all of us 25:23 governments throughout history of tried 25:25 for more power and more control they 25:27 like that power corrupts I'm not the 25:29 first person to figure that out and 25:31 they're going to continue to do it just 25:33 it good for you and they absolutely not 25:35 good for you and for that gives you more 25:38 control and unfortunately we're going to 25:40 have to face that problem and how 25:44 they're going to exist on this daniel 25:45 and told you at i don't know that i 25:48 don't know if they have a plant because 25:50 i read all the stuff that they talk 25:52 about best I can see is they say well if 25:54 nothing else we can just let this all 25:56 runoff and offered by a lot of bonds 25:58 someday the bonds mature and then 26:01 everything goes back to normal last 30 26:04 years it takes forever for all of that 26:06 to happen 26:07 a and B it's not going to work that away 26:11 because eventually the markets just 26:13 going to say that these guys we've had 26:16 enough enough is enough we don't want 26:18 your garbage paper anymore and then 26:20 might then we're going to have the real 26:21 crisis 26:22 crisis that comes from governments are 26:25 central banks trying to cool things off 26:27 is one thing but a crisis that the 26:31 market imposes on the world 26:34 those are the really really nasty things 26:36 and that's what









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%.