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%.

Wednesday, February 8, 2012

Jim Rogers : Bank of America will not go bankrupt

Jim Rogers : If you find a country that’s cheap and depressed and where you think that positive changes are taking place, then you find a way to invest. Normally you have to have an account and I go to one of the largest firms in a country. It is unlikely that Bank of America will go bankrupt – well, it is unlikely that you as an individual with an account there will lose everything. That may not be the case if you are investing in some hot shot smaller firm. I never ask these guys for advice – in fact, I don’t want their advice. All I want is someone to execute an order, or change money, or whatever mechanical things are necessary. - in The Motley Fool



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%.

Where does Jim Rogers get his Numbers from ?

Jim Rogers : It’s just like in America, you have to have lots of sources and cross-reference. Yes, I read the IMF numbers. The World Bank, the CIA. Yes, I look at all those numbers, and frequently they are the same because most bureaucrats are pretty lazy and they just rely on each other. But then there are some things like the Indian numbers that never make sense to me once you go to the country and drive around – and Russia and America as a matter of fact! The reported inflation numbers in America are an embarrassment. You have to double-check, cross-check. Cross-check I guess is the best answer, I got to have those numbers from everybody, but do I rely on any source? No, no source. - in The Motley Fool



 
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%.
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 "
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