Jim Rogers : "Nobody wants to farm any more. Yet there are more people than even now. Seven billion of us. What are we going to eat? Every year, the US has something like 225,000 graduates in public relations. I think there's 20,000 agriculture graduates in the US now. Have you ever tried to eat a press release?
My advice to young people would be to get into agriculture. If you want to make money over the next 20 years, agriculture is the way to go. If you don't want to be a farmer, buy the Lamborghini dealership or a restaurant in Iowa. Why? Because the farmers in Iowa are going to be very wealthy. And they will be able to afford Lamborghinis. Fewer and fewer people are producing more and more food for more and more of us. That's only going to get worse over the next 20 or 30 years. So if you're smart, put your money into anything related to agriculture." - in The gulfnews
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 BLOG is An Unofficial Tracking Blog of Global Investor Wall Street King and author Jim Rogers , his investments speeches interviews ideas and much more....
Tuesday, March 13, 2012
Jim Rogers : India not a place for Business
Jim Rogers : "If you can only visit one country in the world, visit India,"
"It is a complete assault on your senses. Amazing natural beauty, diverse peoples and cultures, wonderful buildings and temples. It is a complete sensory experience for sight, smells, tastes. But never, ever do business there. The Indians have taken British administration and red tape and moved it three levels higher. It is impossible to do business there because of the regulatory environment and protectionist rules.""Take agriculture for instance," Rogers says, "In India, there are land ownership rules in place that limit land ownership to five hectares. If there are ten sons in a family and each have five hectares, how can 50 hectares of land be productive? That's why India will never develop. The regulatory environment and protectionism needs to change." - in The Gulfnews
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%.
"It is a complete assault on your senses. Amazing natural beauty, diverse peoples and cultures, wonderful buildings and temples. It is a complete sensory experience for sight, smells, tastes. But never, ever do business there. The Indians have taken British administration and red tape and moved it three levels higher. It is impossible to do business there because of the regulatory environment and protectionist rules.""Take agriculture for instance," Rogers says, "In India, there are land ownership rules in place that limit land ownership to five hectares. If there are ten sons in a family and each have five hectares, how can 50 hectares of land be productive? That's why India will never develop. The regulatory environment and protectionism needs to change." - in The Gulfnews
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 : Hard work pays dividends
Jim Rogers : "Hard work pays dividends,"
"A lot of the problems we're facing today is that people have forgotten how to work hard. It's a generational thing. If you go to a fast food restaurant or a department store in the United States, you'll see senior citizens working behind the counter or greeting customers," he says. "They're doing it because they have a work ethic. They want to work, and they're doing jobs that young people don't want to do. Young people don't want to work because they will get benefits, can have a baby and not bother to work and that's going to affect the productivity and profitability of businesses. We live in a culture where people are used to support and handouts. And we can't afford to sustain them." - in the gulfnews
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%.
"A lot of the problems we're facing today is that people have forgotten how to work hard. It's a generational thing. If you go to a fast food restaurant or a department store in the United States, you'll see senior citizens working behind the counter or greeting customers," he says. "They're doing it because they have a work ethic. They want to work, and they're doing jobs that young people don't want to do. Young people don't want to work because they will get benefits, can have a baby and not bother to work and that's going to affect the productivity and profitability of businesses. We live in a culture where people are used to support and handouts. And we can't afford to sustain them." - in the gulfnews
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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