Thursday, February 17, 2011

Jim Rogers : Buy Low sell High

Jim Rogers signs a Warren Buffett's book "Buy Low sell High"

Jim Rogers why you should invest in Commodities via The Rogers Commodities Index

Jim Rogers interview on Commodities by CME Group - Jan 2011

Jim Rogers : " ....Charlie look around you , if you produce cars you got to know what's going on with copper lead steel rubber , if you produce anything , if you're gonna invest in electricity you need to know what's happening with the price of coal the price of natural gas the price of oil the price of copper for your wires , I mean I do not see how anybody could possibly invest in any company without knowing what's going on in commodities ...." If a stock index fund buys IBM they take those shares off the market and that does affect the market , with a commodity index fund , if we buy oil we just buy futures we never take delivery of the oil we roll it over , but that's not affecting the long term price of oil of wed or anything else ...." ..." there was very little investment in productive capacity for twenty , twenty five years and when you have declining supply at the same time demand is rising look at Asia look at the world , we are using more and more of everything declining supply increased demand means higher prices , it's pretty simple stuff it has been going on for thousands of years there is nothing new about it "........etc....the above partial transcript was done manually by the owner of this blog and hence it is far from being accurate ....

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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

Mr. Jim Rogers is Independent Director at Xylem, Inc., a Member-American Section at Société de Chimie Industrielle, a Member-Executive Committee at Sequoyah Corp., a Member at The Business Roundtable, and a Member-Executive Committee Sequoyah Council at Boy Scouts of America.

He is on the Board of Directors at Xylem, Inc. and LORD Corp.

Mr. Rogers was previously employed as a Member by American Chemistry Council, Inc., President by United Way of Greater Kingsport, Executive Chairman by Eastman Chemical Co., Chairman & Chief Executive Officer by Eastman Ventures, Chief Financial Officer & Executive Vice President by Building Materials Corp. of America, Chief Financial Officer & Executive Vice President by GAF Corp., Executive Vice President-Finance by International Specialty Products, Inc., Treasurer by Amphenol Corp., Vice President-Finance by Morgan Guaranty Trust Company of New York, and Naval Aviator by United States Navy.

He also served on the board at Genencor International, Inc.

He received his undergraduate degree from the University of Virginia and an MBA from The Wharton School of the University of Pennsylvania.