Tuesday, January 21, 2014

Black market and bullish in Korea

It is not easy to find where to invest because of North Korea’s industrial structure, such as a lack of capital market and its state-run system. 

Kim with wife
I am bullish on North Korea just because it is cheap. There's virtually no way for me as an American, especially, to invest there, but if I could I'll put all of my money there. 

I am trying to find some of the Chinese companies that are investing there. They are putting a lot of money into the North. There is a black market there now; and the Russians have just opened a railway.

I'm extremely excited and optimistic about what's happening in North Korea. 

Jim Rogers is a investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.