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%.

Wednesday, November 23, 2011

Still fabulous possibilities in the Tech sector

23 November 2011 : Legendary Investor Jim Rogers sitting down Maria Bartilomo and Steven Leonard, President of EMC, Asia Pacific/Japan talks about EMC's business in Asia given the macro headwinds.Jim gives his outlook for the technology sector " i am shirt tech stocks in America " he says , " because that was the most exploited in the recent run up , it is a not a bubble like it was in the late 90s , they were just over exploited " but Jim admits that there still could be fabulous possibilities in the technology sector as it is probably the case with EMC....

people will listen to us more and more as the Krugmans of the world are discredited

Jim Rogers asked about libertarianism says " people will listen to us more and more as the Krugmans of the world are discredited " "the best way to study Austrian economics is to come down and study with Lew (Rockwell)"

China Slowdown is a Good Thing

Jim Rogers, CEO & Chairman of Rogers Holdings interviewed by CNBC says a slowdown in China's economy would be a good thing."China has been trying for two years to slow things down " Jim Rogers says " China raised interest rates 6 times , they raised reserve requirements 12 times in the last few months , they are doing their best to slow things down so it is finally working there is no surprise " he explains " it is a good thing of course it is a good thing they got inflation they got property boom they know they got to do it , but if they do not do it they'll have a collapse some day " he added " recessions and slowdowns are normal :"

Long Commodities & Currencies

Jim Rogers : "I'm long commodities and currencies, because if the world gets better, the shortages in commodities will make sure I make money; if the world economy doesn't get better, I'd rather own commodities because they're going to print money," - in CNBC

You should own Silver & Rice , Real Assets

Jim Rogers : "Throughout history, when things have gone wrong, they print money...when they print money, you should own silver , you should own rice, you should own real assets." - in CNBC

This not a time to buy Stocks

Jim Rogers : "This is like the 1970s, in the 1970s stocks did nothing. Commodities went through the roof. I'm short stocks and long commodities for the most part." - in CNBC

Gold to correct even more

Jim Rogers : "Gold could go down a fair bit more...but I'm certainly going to buy more gold if it goes down and silver." - in CNBC

MF Global bankruptcy causing artificial commodities sell-off

Jim Rogers : "With MF Global going bankrupt – which was a gigantic commodities firm – there was a lot of artificial forced liquidation of commodities. People have to sell whether they like it or not. It's artificial selling right now," - in CNBC

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 "
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