Jim Rogers Blog

Thursday, April 24, 2014

The world is complex

It's a basic fact of life that many things "everybody knows" turn out to be wrong.

Acknowledge the complexity of the world and resist the impression that you easily understand it. 

People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whom have never looked at whether the facts support the received wisdom. 


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.

Tuesday, April 22, 2014

Delaying the pain will make it worse

For the first time in recorded history we have all major banks and central governments around the world printing huge amounts of money. The debt is going higher and higher. The money printing is going higher and higher. There is no sound currency anymore. There's no paper money in 2014 and 2015, that's going to be worth much of anything.

We've had 50 or 60 years of success in America. You've got to pay the price someday whether you like it or not. The longer you delay the day of reckoning, the worse the day of reckoning is going to be. 


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.

Monday, April 14, 2014

China economy vs Dubai economy

China is vastly different from Dubai, vastly. 

Dubai was building its plan, its economic plan was to build an economy based on real estate speculation. It didn't have anything else. It didn't have oil, natural resources, it had a small population etc. and there was gigantic real estate speculation in construction. 

China has huge amounts of stuff. It has a growing population. It has vast natural resources, not enough, but it’s got some. And then all those natural resources in Siberia which they can tap and they've got huge financial reserves. Dubai does not. Dubai has a rich big brother, but that’s all Dubai has and China has it all - resources, cheap labor, discipline, educated labor and vast markets. 

As far as the lower growth rates, I don’t pay attention to government growth figures because they’re all phony. Nobody knows how much China is growing, including China. I don’t pay attention to all of these figures. They’re not important to me. They’re irrelevant. China is certainly doing better than most countries and it will continue to do so. It will have setbacks. There’s nothing that says China should not have a recession. But China has a lot of money saved for a rainy day and when it rains they’re going to spend. America doesn’t have any money saved for a rainy day. And when it rains we’re going to try to borrow it or print it, neither of which is good for America or for the world.


via - http://nextbigfuture.com/2014/04/jim-rogers-on-historic-rise-of-chinas.html


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.

Thursday, April 10, 2014

Nothing is constant

Not one country in existence today has had the same borders and government for as long as two hundred years. The world will continue changing.

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.

Wednesday, April 9, 2014

Why Russia sanctions may hurt Europe, USA longer term

"If people are forcing you or forcing other people to buy from you, then, of course, your costs will go down, your quality will get better and it will only benefit Russia, but not benefit Europe or America."

"I think that’s one reason Europe and America are a little hesitant to do too much about the sanctions, because they know that they may lose more than they will gain."


Read more: http://voiceofrussia.com/2014_03_27/No-sanctions-will-hurt-Russia-more-than-people-imposing-them-financial-analyst-2389/


Tuesday, April 8, 2014

China would continue trading with Ukraine probably

"I mean, they [China] don’t want to be involved in a trade war. So, I don’t see why most Asian nations would cut off Ukraine or Russia, or anybody else. This is the fight Mr. Obama has picked and, perhaps, to some extent Mr. Putin. But I don’t know why China would stop trading with Ukraine, I don’t see that at all."

Read more: http://voiceofrussia.com/2014_03_27/No-sanctions-will-hurt-Russia-more-than-people-imposing-them-financial-analyst-2389/

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.

Monday, April 7, 2014

Obama making fool of himself over Russia-Ukraine

"I don’t see any sanctions strategy that they can use that will hurt Russia worse than it will hurt the people imposing those sanctions. You have many people who will trade with you – China, Iran, many of your neighbours. America cannot patrol all of those borders. You can get just about any products you need. Plus, some of the products that you sell, other people need them very-very badly, such as natural gas and some of the metals."

"I think Mr. Obama is making the fool of himself yet again. After all, Mr. Obama is the one who instigated the coup in Ukraine where there was an elected Government. Mr. Obama, his diplomats are recorded and we have recordings of them saying – we’ve got to do something about this Government. And then, when it went against him, he got angry. And I’m afraid he is going to shoot himself in the foot yet again."


Story via: www.voiceofrussia.com/2014_03_27/No-sanctions-will-hurt-Russia-more-than-people-imposing-them-financial-analyst-2389/


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.