Young people are optimistic and can do great during bull markets
“When things are going right, we all need a 26-year-old. There’s nothing better than a 26-year-old in a great bull market, especially in a bubble because they’re “fearless". So in the bull market, you’ve got to have a 26-year old. But when they end, you don’t want the 26-year-old around.
Jim Rogers knew of a young student who made around 500% two years running in the late 1990's, and his firm ”loved him.”
“The next year he lost everything for this company. They didn’t love him anymore. He was a 28-year-old.”
Successful Young People
“They make a lot of money. They don’t know why they made money. So they don’t know why they lose money. They don’t know what happened,” said Rogers.
via marketwatch, realvision tv
"The west is shooting itself in the foot. Sanctions were meant to hurt Russia, but Russian agriculture has benefited. Money is coming in, and expertise is coming in. Five years from now, it will be fully embedded and fully capable. Someone should tell the Americans to lift the sanctions now, before there’s a gigantic, efficient, well-funded industry here.”
via FinancialTimes
Jim Rogers is a board member of AgroGard, a Russian crop and livestock producer.
Watch the video above or click here if it does not play.
Gold
I do have Gold and Silver coins and never sold any. My plan is for my children to have them someday. The only problem with that is before this is over Gold and Silver may turn into a gigantic bubble, it may just go sky rocketing. If Gold and Silver turns into a bubble, I may have to sell.
Bitcoin
There are over 2000 crypto currencies so far. All this happened in just a few years, last 10 years in-fact. You know whats happening with the price of Bitcoin. You just look at the chart and compare that chart to the bubble of any chart in history and you would have been very worried. So I am not buying any crypto currency. I see all the signs of a bubble right now. If and when things calm down, hopefully I might be smart enough to get involved, if that's the right thing to do.
Other topics include why Mr Rogers wants his kids to speak Chinese Mandarin and more on the upcoming horrible market.
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.
They [Fed] are not going to abolish themselves, maybe someone else would abolish them. They should leave the world alone. Stop bothering us.
Watch the video above or click here for the full interview
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.
Will there be another market crisis ?
"I know we're going to have another [financial crisis]. What I said was, the next one, when it comes, is going to be the worst in my lifetime. 2008 was bad because there was a lot of debt. Well, the debt is much, much higher now.
People talk about austerity but nobody, nobody has reduced their debt. Everybody has increased their debt. The Federal Reserve in the U.S. has more than quintupled its balance sheet alone in nine years."
Stocks
"I will not buy shares in the U.S., under any circumstances. Not now. If you have to buy shares, Japan is down 50% from its all-time high, China is down 50% from its all-time high. Russia is hated. There are markets in the world that are not racing after all-time highs if you have to buy shares. Now, I don't have to buy shares so I'm not buying shares."
via prweb.com/releases/birch-gold-group/jim-rogers/prweb14580136.htm
At the moment I own Japanese shares, I don't plan to own them in 20 years. Long term Japan has gigantic problems. And as we know it, it's not going to exist in 30 years. They have a declining population, they have no babies, they wont let immigrants come in and the debt is going higher and higher everyday. They are making terrible mistakes everyday.
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.
