JIM ROGERS

JIM ROGERS

Tuesday, January 27, 2015

North Korea is about to open up. And when it does, it will be a formidable player on the world stage



Reprinted from “Street Smarts” Copyright © 2013 by Jim Rogers. Published by Crown Business, an imprint of The Crown Publishing Group, a division Random House LLC, a Penguin Random House Company.

 In 2007, my wife Paige and I received permission to visit North Korea. I wanted to go there because I sensed that changes were coming.
Now I am not a tour group kind of person. I like to make my own way and create my own itinerary, to decide where to go and what to eat. That is not an option in North Korea, where we had government minders every minute we were there. Walking down the main thoroughfare in Pyongyang, I saw a barbershop, and because I needed a haircut, I ducked inside, where an old man sitting on a stool stood up in shock when I started pantomiming the use of scissors with my hands. I was summarily pulled outside by one of our minders. A haircut, he assured me, was not on the agenda.
By 2007, I think, only something like three hundred Americans had been to North Korea since before the Second World War — there was some strange statistic like that. Virtually no Americans had been allowed to go there since General Douglas MacArthur’s troops went across in the early 1950s.
It was clear to me that the North Koreans knew that their country needed changing. And it was not hard to understand why. All the North Korean generals, as young officers, thirty years ago, were sent to places like Beijing, Moscow, and Shanghai. Today they go as generals and see the changes that have taken place, and when they return to Pyongyang they say to themselves: Look at what is going on in those places, and now take a look at where we live — nothing has happened here, this place is still a disaster.
The country’s supreme leader, Kim Jong-un, was educated at a private school in Switzerland. It is very unlikely that a guy who is thirty years old and spent his formative years in Europe is going to come back and say, “Boy, I really like this, with no bars, no entertainment, no cars, no nothing.”
These men have been exposed to the outside world, and they know what is going on there. And in my view that is why North Korea is about to open up. And when it does, it will be a formidable player on the world stage. The Chinese are already pouring in. Up in the northwest, they are building new bridges connecting the two countries. There are new trade zones up there. So change is happening.





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%.

Monday, January 26, 2015

Jim Rogers: If The Stock Market goes Down , everyone will be Screaming




Jim Rogers: If the stock market goes down - say, you pick the number, 13%, 23%, who knows - everyone will be screaming, and Mrs. Yellen and her friends will say, 'Oh, we're sorry, we didn't mean to hurt you,' and they will loosen up again. One way or the other, the markets will heave a sigh of relief, have a big rally, maybe even turn into a bubble, at which point I hope I'm smart enough to try to short stocks in the US.




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%.

Sunday, January 25, 2015

Russia is the most hated Market in the world except for Argentina




Robert Williams: So despite what’s happening, you remain steadfastly bullish on Russia.

Jim Rogers: Yeah. Obviously, the oil market drop is not good for Russia – no question about that – and it’s making the ruble go down. But, no, I see this as an opportunity. Unfortunately, I’m not very good at timing, so I don’t know when the opportunity will be.

Oil prices are not gonna stay down forever, I suspect. And Russia will rebound with oil or when they get their own act together. I mean, they’ll have to – if oil stays down at $60, they’ll have to get their act together and reorganize. But they’ve got enough resources. It’s a vastly, vastly rich country as far as resources are concerned. And it’s a very, very cheap market. I think it’s selling at half of book value right now. That’s not an expensive market.

It’s perhaps the most hated market in the world except for Argentina, I guess. And – well, not even that. Argentina’s not as hated, ’cause people are trying to raise money to invest in Argentina. So I guess Russia must be the most hated market in the world, which normally is an opportunity, Bob – normally. I mean, I emphasize normally. Who knows where the bottom is? I don’t.




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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Who is Jim Rogers ?

James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator

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 "