Thursday, November 7, 2019

Jim Rogers on the future of cannabis investing

Legendary investor and chairman of Rogers Holdings, Jim Rogers, told IGTV’s Victoria Scholar the cannabis market was ‘going to get bigger and bigger’. 

He says he has a private cannabis company in Colombia but he’s not yet invested in any public stocks in the sector. Meanwhile, Rogers says he’s ‘very very optimistic’ on North Korea, adding, however, that he doesn’t want to be ‘rich and in jail’.

- Source, IG UK

Wednesday, October 9, 2019

Jim Rogers Discusses Global Risks and Investment Opportunities

Legendary independent Investor, Jim Rogers, joins Steve Diggle, to talk about his career and how he sees the world now. Jim outlines the dangers of easy investing and his concerns over the potential for a major correction in financial markets. 

He also identifies the sectors and countries that he’s bullish on, with some incredible insight into how his life experiences have shaped his world view.

- Source, Real Vision

Saturday, October 5, 2019

Jim Rogers: Silver Right Now is The Best Deal in Town

Legendary commodities trader Jim Rogers, chairman of Rogers Holdings, sees opportunity in silver as the precious metal is better priced than gold, but levels are not yet sufficiently low enough.

Saturday, September 28, 2019

Successful Entrepreneurs And Investors Are Nonconformists Who Swim Against The Current

The investor Jim Rogers studied history and philosophy at Yale and Oxford before he took a job on Wall Street in 1968. During what proved to be hard times for the U.S. stock market, he succeeded in laying the foundations for his wealth and success.

Rogers met George Soros at the Arnhold & S. Bleichroeder investment bank. Together, they founded the Quantum Fund. They tore up the investment banking rulebook, buying stocks, commodities, currencies and bonds from all over the world. They were also among the first to adopt innovative strategies such as short selling. They made investments nobody else would have dreamt of at the time and discovered new and interesting markets worldwide.

“He Who Laughs Last, Laughs Longest”

Defying received wisdom, Rogers frequently bought shares in companies that were in dire straits. In the mid-seventies, for example, he bought vast amounts of shares in the aircraft manufacturer Lockheed. 

Rogers once told the story of a typical encounter at a fancy dinner with bankers and investors. One of the other guests had got wind of the fact that Rogers had been buying Lockheed shares. At that time, Lockheed was embroiled in a number of scandals that made negative headlines on an almost daily basis and had already seen its share prices plummet.

“Who would invest in a company like that?” wondered the guest aloud—loudly enough to ensure that everybody at the dinner could hear him. The other guests joined in the laughter. Rogers felt humiliated—after all, he was the butt of their joke.­­

But, as the old adage would have it: “He who laughs last, laughs longest.” Rogers had done his homework and his positive analysis of the company’s prospects was to prove completely on the mark. Subsequently, the share price shot up and his fund made a huge profit. 

During a period when the S&P 500 Index only rose by 47%, the Quantum Fund managed by Rogers and Soros gained a staggering 4,200%. “When other people are laughing at you,” Rogers explained, “you know you’re going in the right direction. The more people are laughing at you, the more likely you’ll turn out to be right.”

- Source, Forbes, read more here

Tuesday, September 24, 2019

Why Jim Rogers Is Bullish on China, Russia and Commodities

Jim Rogers was interviewed on a segment of New Media on Aug. 19. Rogers is a famous investor who worked with George Soros in the Quantum Fund and later traveled the world as an investment writer and "retired" investor. 

He tends to take a very long-term macro view with value characteristics on all kinds of investments. Commodities tend to interest him and he takes somewhat of a value approach, often talking about buying when markets are at multi-year lows. Here's a summary of his best actionable advice.

America became the greatest country of the 20th century. Is had many problems along the way. But it became an astonishing success. So don't think that China won't have problems along the way. They will. But the Chinese have a wonderful word that we don't have in English. It's "weiji."

And weiji means catastrophe and opportunity are the same thing.

They go hand-in-hand. So when you see catastrophe, remember weiji. Rogers said he is panicked, He hopes we both remember weiji and take advantage of the opportunities because they will be here.

When Chinese companies start going bankrupt and if Beijing lets them go bankrupt, everybody's going to be in a panic, including me. At that time Jim hopes to be smart enough and brave enough to buy...

- Source, Guru Focus, read more here

Friday, September 13, 2019

Jim Rogers on US Economic Crisis, Gold & Bitcoin

In this edition of our podcast Trading Global Markets Decoded, our host Martin Essex is joined by investment supremo Jim Rogers. A renowned businessman and financial commentator, Jim is currently chairman of Rogers Holdings and Beeline Interests.

- Source, Daily FX

Saturday, August 31, 2019

Jim Rogers joins board of Korean biotech firm NanoMedics after its graphene venture

Shares of Kospi-listed NanoMedics Co. are on a roll after the biotech company added drop-in business and invited legendary investor Jim Rogers on-board as an outside director.

The company’s shares zoomed as much as 29 percent to 11,500 won ($9.45) in the intraday trade on Tuesday after NanoMedics on the previous day named Jim Rogers and Lee Jung-hoon as outside directors to underscore its new graphene business focus. The appointments will be finalized after the extraordinary shareholders’ meeting on Aug. 30.

Rogers, one of the world’s best-known investment gurus, is the second largest shareholder of Korean graphene producer Standard Graphene Inc. Lee is the president and CEO of Standard Graphene.

NanoMedics finished Tuesday 2.02 percent higher at 9,080 won on profit-taking but jumped 8.15 percent on Wednesday to close at 9,820 won.

The stock has skyrocketed from 3,000 won in May after the company ventured into graphene business. Graphene, single layer of graphite, is called as the new future material as it conducts electricity 100 times more effectively than copper and moves electrons 140 times faster than silicon, meaning it is good for fast-charging.

NanoMedics has made an inroad into the graphene market through a partnership with Standard Graphene, which specializing in mass-producing graphene and graphene oxide. In July, the biotech company announced it was setting up a joint venture with Standard Graphene by investing 4 billion won to produce up to 4 tons of graphene annually.

Then it moved onto include Jim Rogers, a Standard Graphene shareholder, on board and also entitling him a stock option for 500,000 shares.

In contrast to its aggressive move into a new venture, NanoMedics has scored poorly on its mainstay business. The company logged an operating loss of 11.4 billion won last year, jumping from 500 million won loss in 2017. Its debt ratio had hovered around 50 percent until 2016 but it shot up to 137 percent as of the end of last year.

NanoMedics started as fire trucks and related products in 2003 but has transformed into a biotech company in 2017 by adding business for developing targeted nanoparticles for cancer therapy.

- Source, Pulse News

Tuesday, August 27, 2019

Jim Rogers: US tariffs driving down yuan, not the Chinese government

While the US continues to accuse its trade war rival China of currency manipulation, Washington has itself to blame for the recent weakening of the yuan, according to legendary investor Jim Rogers.

“If you put billions of dollars (in Chinese goods) under tariffs, don’t you think it would affect the currency?” Rogers told RT. He added that while the People’s Bank of China actually can have a hand in changing the renminbi exchange rate, the recent course of events is explained by basic economic rules.

“Anybody who knows any basic economics knows that if you hit a huge economy with lots of tariffs it’s gonna have [an] effect on the currency… It’s the way the market works.”

The weaker yuan can actually help Beijing to offset the impact of Washington’s tariffs on China’s exports. As its national currency declines, Chinese goods become cheaper to sell abroad. So, the US fears that it would not be able to sell its own goods while there are plenty of cheaper Chinese products on the market thanks to a weaker yuan.

“It makes American goods more expensive and therefore more difficult for America to sell goods in the world market,”Rogers explained.

However, the falling yuan has a downside, according to Rogers, such as an increase in the cost of living and production as everything China imports becomes more expensive.

The trade conflict between the world’s biggest economies has led to tit-for tat tariffs on billions of dollars of goods. US President Donald Trump has recently added fuel to the fire as he threatened Beijing with an additional 10 percent tariff on the remaining $300 billion of Chinese imports on top of the $250 billion of Chinese goods already taxed at 25 percent.

Beijing ordered a halt on purchases of US agricultural exports in response, in a move that could hurt a key Trump constituency, American farmers. Thus, the Chinese government might be planning to hit back at where Trump’s main voters are, and then just sit and wait until his term is over, Rogers noted.

No one ever wins in a trade war, and it concerns not only the conflicting sides but the entire global financial market, according to Rogers. “No trade war in history has never been good for anybody. Even if somebody thinks he won, he didn’t, he lost. Everybody loses,” Rogers told RT.

- Source, Russia Today

Thursday, August 22, 2019

Jim Rogers on US Economic Crisis, Gold & Bitcoin

In this edition of our podcast Trading Global Markets Decoded, our host Martin Essex is joined by investment supremo Jim Rogers. A renowned businessman and financial commentator, Jim is currently chairman of Rogers Holdings and Beeline Interests.

The pair talk about the state of USD, and why a deep recession could be just around the corner for the US economy. Can Bitcoin be a medium of exchange or is it just a fad? If the markets slump, what will gold’s trajectory look like? And can JPY really retain its status as a safe haven? Learn all this and more in our discussion with Jim Rogers and listen to the podcast by clicking on the link.

- Source, Daily FX

Sunday, August 11, 2019

Jim Rogers on Recessions

"The way these things have always worked, in 2007, Iceland went bankrupt, and most people had no clue about that and didn't know or care, and then later though, Ireland went bankrupt. Few more people noticed. 

A little while later after that, Bear Stearns went bankrupt. A few more people started noticing. A few weeks later, Northern Rock went bankrupt, then people started catching on. Eventually, Lehman Bros. went bankrupt and by then it was on the evening news all over the world..."

- Source, Jim Rogers via the Street

Thursday, August 8, 2019

Get Ready for the Next Big Bear Market Warns Jim Rogers

Legendary investor Jim Rogers, chairman of Rogers Holdings, is back, and he's warning that the next bear market is going to be "horrible, compounded by too much debt and a trade war."

The longest bull market in American history will be short lived, as macroeconomic problems will surface soon, Rogers said.

"Later, this year or next year when the economies around the world are getting bad, Mr. Trump is going to blame everything on the foreigners, the Chinese, the Germans, the Japanese, everybody, and then the trade war will come back and then it's all over," Rogers told Kitco News.

Rogers added that trade war tensions may escalate as the Trump administration is determined to win.

"Mr. Trump is going to come back. Mr. Trump believes in his soul and his brain that trade wars are good and that he can win trade wars. Mr. Trump knows that he is smarter than everybody else so he knows that he can win a trade war, and it will come back strong. When the American economy gets bad eventually, he's going to blame it on trade and the trade war and it's going to be terrible," he said.

- Source, The Street

Thursday, August 1, 2019

Jim Rogers on the Best Investment for the Next 50 Years

Chairman Jim Rogers of Rogers Holdings Plays a Tournament Game in Which He Decides Where He Would Invest $1 Million for the Next 50 Years.