What Would Jim Rogers Do?
Who is Jim Rogers
- Is the co-founder of Quantum Fund along with renowned (loathed by some) financier George Soros achieved 4,000% returns in the 80’s ( S&P advanced about 47%)
- He’s famous for being bearish on the US economy
- He’s a billionaire - so you should listen when he talks
- Has 2 Guinness Book Records for consecutively traveling 116 countries, covering 245,000 kilometers - on Motorcycle and converted Mercedes
- He is bullish on commodities
- Left US to live in Singapore
- His daughter is learning Mandarin, own commodities and no stocks
- He is the author or books “Investment Biker” and “Adventure Capitalist” and “Hot Commodities”
- Taught finance at Columbia University School of Business
- In 1998 Founded the Rogers International Commodities Index
- He’s a hardcore contrarian
http://www.rogersrawmaterials.com/page1.html
Why Should You Care ‘What Jim Would do?’
Sometimes it’s hard being a contrarian when the sheep around you are scared and making so much damn noise. It’s extremely hard to keep your head and not get sucked into the panic, isn’t it?
While the sheep spend their time watching the news instead of thinking for themselves or educating themselves — I look to the most successful people in the field to find out what they think and are doing.
People like Jim Rogers give me confidence in my contrarian attitude and financial positions during this panic. You’d do well to heed his advice, too, or go to the slaughter with the other sheep.
Books:
“Investment Biker”
“Adventure Capitalist”
“Hot Commodities”
Philosophy
“When too many people take one side of a trade, the opposite is likely to happen”
“The way to make money in a panic is to buy markets where the fundamentals are unimpaired and they will lead the market out.”
Oct ‘08 Jim Rogers is…
Bearish
- US Market
- US Dollar
- Equities
Bullish
- Asian markets (not so much India)
- Most Commodities - Agricultural, energy, metals etc..
- Swish Franc
- Japanese Yen