China the next great country in the world

I don’t know what or when or why, but China is the next great country in the world.

China will be the next great country in the world whether you have a bad year or two, a quarter, it doesn't matter. I’m talking about a century, not a quarter, or a year.

Having setbacks is normal, things grow like this. There are always problems along the way, and China will certainly have problems, everybody has problems. 


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.

Jim Rogers has daughters learn Mandarin

My older daughter has now won the nationwide Mandarin-speaking contest two years in a row. Her little sister is even better. I am spending a lot of time, money and energy to be sure my kids do it.

Jim Rogers pictured with his daughters at a book signing event.

Story via http://www.thefiscaltimes.com/Articles/2014/04/25/High-Cost-Teaching-Kids-Chinese


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.

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.

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.

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.

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.