George Soros was asked about Jim Rogers his ex partener in the Quantum Fund which they founded together in 1970...he said "Jim Rogers used to work for me " ! "he is a wonderful security analyst, he worked tremendously fast , he did the job of 8 people , so we had a very successful partenership , but he did not want another 7 people working next to him , so we had to part company...and since then I do not think he had been such a great investor , but he was a very good analyst...his approach is very similar to mine obviousely...." "Warren buffett has a very different approach he looks at fundamentals...." added George Soros...this was recorded june 11 2009 on CCTV a Chinese TV...
In 1970, Jim Rogers joined Arnhold & S. Bleichroeder, where he met George Soros. That same year, Rogers and Soros founded the Quantum Fund. During the following 10 years the portfolio gained 4200% while the S&P advanced about 47%. It was one of the first truly international funds.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Monday, June 29, 2009
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Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "