Insight from Jim Rogers – The Commodities Guru

Writing about commodities market you can’t ignore the always charming commodities guru Jim Rogers. He started on Wall Street back in the 60s and went on to co-found the Quantum Fund with George Soros. Then he packed up and moved to Singapore, essentially shorting the west.

He is heavily invested in agriculture / gold and silver and training his children to speak Mandarin as he thinks balance of power shifting to Asia.

Here are his 12 quotes :

  • “I was poor once, I didn’t like it, I don’t want to be poor again” – He thinks US has already had lost decade stock markets/employment & industrial production.
  • India is not a place for investors, but it’s a fabulous country for tourists” – India has a horrible economic system. Indian politicians need to address the nation’s problems now instead of pushing them into the future:
  • “Swim your own races.” listening to himself over others.
  • If the world economy gets better, commodities are very good place to be in… even if the world economy does not improve, commodities are still a fabulous place to be.” – On commodities
  • “If you vote for a Turkey, they’ll send you a Turkey” – On US elections and voting
  • “Become a Chinese farmer, that’s what you should do.” – some times in history, the financials types have been in charge; at other times in history the people who produced real goods have been in charge.
  • “If you can find ways to invest in Myanmar you will be very, very rich over the next 20, 30, 40 years.” – On Myanmar has an attractive small stock market and few public companies that are still being developed
  • “I don’t know any way to short either Harvard or Stanford.” – he sees bubbles everywhere including American tertiary educations and European football teams
  • Give the guy a printing press, he’s going to run it as fast as he can. – On Fed Reserve chairman Ben Bernanke and quantitative easing.
  • “The most sensible skill that I can give to somebody born in 2003 is a perfect command of Mandarin.” – Rogers is so bullish on China he believes that educating his daughters about China is the best thing he could do for them.
  • “It will end in a bubble when this is over.” Rogers owns gold and isn’t looking to sell it now. He has also said that he wouldn’t buy gold at these prices, but that he would be more interested if prices fell below the $1,600 per ounce mark
  • “The United States is the larger debtor nation in the history of the world. This is not news.” – America’s got staggering problems, Europe has problems, China is slowing down.

Source: Business Insider, Credit Suisse / Forbes , Investment U, Reuters, BBC, Bloomberg, CNBC

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