An interesting 50 minutes Interview with legendary Investor Jim Rogers by ItsRainmakingTime on a Sunday morning in Singapore with Jim Rogers as he works out on his stationary bike...
Jim Rogers : when I did my homework I found out that there was no decent index for commodities which made me even more optimistic about commodities , so to put my money into an index in commodities the only way I could do it is to start my own index , I would not any of my money in any of the existing commodity indexes at that time , ....One of the existing indexes was by Goldman Sachs and I am not speaking on their back , when I looked at it it was about 65 percent oil I said what kind of index is that but more importantly I found out that they change it very dramatically every two three years they change it depending on what goes up in price well I do not like to buy things when they already go up , so I said well I can't invest in this index because if you invest with Goldman Sachs you will have no idea what you going to own in 3 or 4 years and they have no idea either because it always changes .......
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%.
JIM ROGERS BLOG is An Unofficial Tracking Blog of Global Investor Wall Street King and author Jim Rogers , his investments speeches interviews ideas and much more....
