Monday, October 17, 2016

Markets don't care about emotions, market care about facts

The UK pound can go down a great deal. If Scotland leaves it will certainly go under US$1. Sterling is in a serious bear market, serious period of decline. You got a lot of debt. I don't see anything to make the Sterling go up. $1 will certainly be the new normal. But that's not going to happen this year, that's three or four years down the road.................. 

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.