Financial Crisis, Jim Rogers Exclusive Interview with Chinese Television CCTV

Financial Crisis, Jim Rogers Exclusive Interview with Chinese Television CCTV



Jim Rogers is the best-selling author of several books, including Investment Biker: On the Road with Jim Rogers, Adventure Capitalist: The Ultimate Road Trip, Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market, A Bull in China: Investing Profitably in the World's Greatest Marketand his latest, Street Smarts: Adventures on the Road and in the Markets. He is an investor who has been chronicled in Jon Train's Money Masters of Our Time, Jack Schwager's Market Wizards, and other books. After apprenticing with Arnhold and S. Bleichroeder in the early 1970s, Mr. Rogers co-founded the Quantum Fund, a global-investment partnership. During the next ten years, the portfolio gained more than 4,000%, while the S&P rose less than 50%. He retired at 37 and has since then continued to manage his own portfolio, served as professor of finance at the Columbia University Graduate School of Business, and appeared as a regular commentator and columnist in various media. Mr. Rogers has been frequently featured in Time, the Washington Post, the New York Times, Barron's, Forbes, Fortune, the Wall Street Journal, the Financial Times, and most publications dealing with the economy or finance.

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%.

Canada is going to do better than the US

answering a question from China Int'l Business : Do you expect the crisis to continue for several years, or do you expect things to improve in the next one or two years? : Jim Rogers answered :
Different countries are going to fare differently. Anyone who’s got commodities is going to do well in this climate. Canada is going to do better than the US, Australia is going to do better than Belgium. I have no idea exactly when the crisis is going to end. Things are going to look better for a while: people see cheap prices, and then they go buy, and then other people see that people are buying and think ‘this is better’ so they join. Then it’s going to fall again. All the spending is going to lead to bigger problems down the road. The idea that you can solve a debt-based problem with more debt is mind-boggling. Source China Int'l Business CIB Sept 2009

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