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....
Sunday, April 29, 2012
Jim Rogers On Commodity firm IPOs
Jim Rogers: "We certainly can have temporary tops. In the 1970s, when we had this huge, bull market, there were plenty of times when commodity prices went down."
"That's the way markets work. Oil has gone down over 50% four times since this bull market started in 1999. If people don't understand how markets work, they should not be investing, I assure you."
"I don't really own many commodities stocks. I mainly own commodities. Yale University did a study which showed that you would have made 300% more investing in commodities themselves rather than commodities stocks over the past several decades. When I say commodities, I'm not talking about stocks--I'm talking about commodities. I'm talking about real stuff." - in Benzinga
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 On the Supply vs. Demand Outlook for Commodities
Jim Rogers: "If [aggregate] demand goes down, you're not going to make any money in Toyota or IBM, but you can make money in commodities with demand going down. In the 1970s, the world economies were in the tank--many of them were flat to down--and yet we had one of the great bull markets in world history in commodities because there was no supply."
"Even if demand goes down, I'd rather be in commodities, because a) there are shortages developing, and b) whenever that sort of thing happens, unfortunately, then governments print money. It's not the right thing to do, but in America, we have a central bank head who doesn't understand economics or finance or currencies--all he understands is printing money. That's what he's going to do. He's got the printing presses." - in Benzinga
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%.
"Even if demand goes down, I'd rather be in commodities, because a) there are shortages developing, and b) whenever that sort of thing happens, unfortunately, then governments print money. It's not the right thing to do, but in America, we have a central bank head who doesn't understand economics or finance or currencies--all he understands is printing money. That's what he's going to do. He's got the printing presses." - in Benzinga
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%.
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