, Jim Rogers Blog

Friday, February 8, 2019

Jim Rogers: India’s Government is Making All the Wrong Moves

How does the world see Budget 2019, Know from Jim Rogers, American Businessman. 

The World is One News, WION examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world.

- Source, WION

Sunday, January 27, 2019

Legendary Investor Jim Rogers Shares His Investing Philosophy

Jim Rogers is a retired hedge fund manager and veteran investor best known for co-founding the Quantum Fund with George Soros. With over 50 years of experience in the finance industry, and with a reputation for often contrarian views of the markets, Rogers is an excellent source of investing wisdom.

Although Rogers has dealt in a wide variety of asset classes, from stocks to bonds to commodities, his investing principles are just as applicable to retail investors as they are to institutional players.

Why trading is not investment, and why price does not equal value

We have written previously on the difference between speculation and investment. In an interview with Jack Schwager in his book, "Market Wizards," Rogers provides his own distinction:

"I don’t consider myself a trader. I remember when I went to buy German stocks in 1982, I said to the broker: 'I want you to buy me X, Y and Z stocks.' 

The broker, who didn’t know me, asked, 'What do I do next?" I said, 'You buy the stocks and send me the confirmations.' He asked, 'Do you want me to send you some research?' I said, 'Please don’t do that.' 

He asked, 'Do you want me to send you opinions?' I said, 'No, no, don’t.' He asked, 'Do you want me to call you with prices?' I said, 'No, don’t even give me the prices, because if you do, once I see that these stocks have doubled and tripled, I might be tempted to sell them. 

I plan to own German stocks for at least three years, because I think you are about to have the biggest bull market you’ve had in two or three generations.' Needless to say, the broker was dumbfounded; he thought I was a madman.”

Although such extreme long-termism and disregard for price might be a bit too much for even the most ardent proponent of the Ben Graham value investing school, the overall principle here is recognizable: price does not equal value. 

Traders and speculators are concerned with price action; value investors care about long-term value. In this case, the long-term value was in a German market that had been underperforming for decades, even while the underlying economy was booming. As it happens, the market-friendly Christian Democrats came to power and ousted the ruling Socialists in 1982, triggering exactly the kind of bull market that Rogers was forecasting.

Why doing nothing is often better than doing something

Even conservative investors can fall prey to a fear of missing out on what they perceive as an opportunity to make easy money. Rogers expands on this point in the same interview:

“One of the best rules anyone can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people - not that I’m better than most people - always have to be playing, they always have to be doing something. 

They make a big play and say, 'Boy, am I smart, I just tripled my money.' Then they rush out and have to do something else with that money. 

They can’t just sit there and wait for something new to develop…I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.”

- Source, Guru Focus, Read More Here

Tuesday, January 22, 2019

Jim Rogers on Investing in 2019 and the US Debt Problem

Jim Rogers is an American businessman and financial commentator based in Singapore. 

He is the Chairman of Rogers Holdings and Beeland Interests, Inc. In 1973, 

Jim co-founded of the Quantum Fund with George Soros and having retired at the age of 37, Jim spent some of his time traveling on a motorcycle around the world - a Guinness World Record and one which is documented in Investment Biker, a international bestselling book. 

He has been a guest professor of finance at the Columbia Business School.

Saturday, January 12, 2019

Jim Rogers: Prepare for Trouble in 2019

"Jim Rogers is a legendary investor from the US, who is frequently featured on both mainstream and alternative financial news media outlets. He is most famous for having co-founded and run the wildly successful Quantum Fund with George Soros on Wall Street in the 1970’s. 

Since then, Jim has travelledextensively around the world, on motorcycle and by car, earning a place in the Guinness Book of World Records for his efforts. 

He’s written several books on investing (as well as parenting after coming to fatherhood later in life), which detail his primary investment philosophies held over the last few decades, which, simpy put are, a focus on China (and Asia generally), as well as commodities, for which he founded the Roger’s International Commodities Index. 

In accordance with these views, Jim moved his family to Singapore in 2007, as he wanted his daughters to grow up speaking Mandarin and being familiar with China/Asia, in order to maximize their ability to create a happy and prosperous life for themselves in the future. He is a vocal critic of the ‘bureaucrats in Washington’, especially when it comes to their addiction to debt, economic incompetence, and abuse of their power to issue currency. 

As you’ll see in this discussion, he believes that similar behaviour by most major governments will have disastrous effects in the very near future(hence the bet on commodities). 

Anyways, I’ve been following Jim’s work for many years, so it was a real pleasure to be welcomed into his home for a chat on a rainy day in Singapore.,” writes John Vallies.

Tuesday, January 8, 2019

Jim Rogers on Investing in 2019 and the US Debt Problem

Jim Rogers is an American businessman and financial commentator based in Singapore. He is the Chairman of Rogers Holdings and Beeland Interests, Inc. 

In 1973, Jim co-founded of the Quantum Fund with George Soros and having retired at the age of 37, Jim spent some of his time traveling on a motorcycle around the world - a Guinness World Record and one which is documented in Investment Biker, a international bestselling book. 

He has been a guest professor of finance at the Columbia Business School. In 1998 he created the Rogers International Commodities Index (RICI) and has been an outspoken advocate of agriculture investments. Between 1999 and 2002, Jim and his wife did another Guinness World Record journey travelling 116 countries in a custom-made Mercedes. 

He wrote Adventure Capitalist following this around-the-world adventure. In 2007, Jim moved to Singapore due to the investment growth potential in Asia. 

In this episode Jim shares some excellent advice about how you should approach investing and what the next 10 to 20 years could turn out for the global economy. 

He suggests that North Korea, Russia and agriculture are contrarian bets that will have positive payoffs for those of us willing to go against the crowd. 

Also, I ask him about his views on cryptos and blockchain and whether he as any advice for you if you feel stuck in your job or if you’re undecided about what you should do if starting out on your career path.

Thursday, January 3, 2019

When People Lose Confidence in Government, They Always Buy Gold And Silver

With the stock, bond, and real estate bubbles teetering, there's perhaps no one in the world more qualified to explain what's happening than legendary investor and author Jim Rogers. 

Who was kind enough to join Chris Marcus on "Inside the Markets" to talk about the stock, bond, gold and silver markets. Jim talked about the risks he's seeing over the next year that no one else is looking at. 

What's going to happen if interest rates keep rising. And how whenever people lose confidence in the governments and money, they always buy gold and silver. 

It's a great interview with one of the finest investment minds of our generation. So to be properly prepared for what's about to come, click to watch the interview now!

- Source, Stock Pulse

Sunday, December 23, 2018

The Best Buy I Can Find Now That Powell's Blinked

Fed Chair Jerome Powell changed his tune last Wednesday morning, saying rates were much closer to "neutral" than they've been.

Not surprisingly, the markets shot higher, with the Dow tacking on 600+ points in its second best day of the year. All three averages gave some of that back immediately on Thursday, but no matter.

I've got to hand it to him.

Seems even "old dogs can learn new tricks."

Powell's language is a marked change from what he said in October, when he noted that rates were a "long way from neutral" and almost singlehandedly cratered U.S. markets.

CNBC's Jim Cramer very succinctly noted shortly after the announcement that Powell's "done the homework and he had to change his mind." Like me, Cramer has been harshly critical of the Fed, and for many of the same reasons.

Now let's see if Powell can resist meddling with the obvious.

Tariffs are still on the table, as are a whole host of other things that could gum up the works. Those include a global economic slowdown, politics, Brexit, a trade war… I could go on, but that wouldn't do anyone any good.

Markets can and do change on a dime. Anybody going along for the ride "because everybody else is" will get clobbered (again). And sheep, as the old saying goes, will get slaughtered.

Obviously, I don't ever want to see that happen to you.

In fact, the opposite is true.

My goal is for you to become a fabulously profitable investor, capable of building the wealth you deserve to live out life on your terms. And I started Total Wealth as a way to share the proven tips, tactics, and techniques that will help make that a reality.

Especially in circumstances like this, when everybody "knows" something to be true and bets accordingly.

Take Powell's comments, for example.

Many investors were looking for an excuse to dump stocks coming into Wednesday's trading, and the headlines were filled with perspective on how to avoid the coming bear market.

I, on the other hand, was in rally mode.

In keeping with something the legendary Jim Rogers told me years ago, "It makes sense to start looking at the other side of the trade when 'everybody' knows something to be true."

Honestly, I'm not any smarter than anybody else.

I simply knew that nobody wants to go down as being singlehandedly responsible for killing the longest-running bull market in history.

Including Fed Chairman Jerome Powell.

I totally underestimated the man.

He's the first Fed Chair I am aware of who's come even close to saying, "I was wrong" with regard to his prior assessment of rates and business conditions. I'm thinking about October specifically.

What he said Wednesday is not only a shift in what he's communicating, but how.

I can only wonder "who" got to him...


Tuesday, December 18, 2018

Jim Rogers: What to Buy Now

“It is the time to buy commodities again. I would say to you, write it down – commodities are going to do better than stocks.” Jim Rogers, who worked with George Soros on the Quantum Fund in the 1970s, has long been a fan of “real assets”, yet most raw-materials prices peaked in 2011 and have since struggled to regain the lost ground. But with US stocks and the tech sector now on the slide, and interest rates rising, Rogers reckons now is the time for the sector to shine, he tells Remy Blaire at Sprott Media.

However, not all stockmarkets are heading for further falls, reckons Rogers. Smart investors need to “buy low and sell high”. It may sound like obvious advice, but Rogers points to a number of markets that are well below their all-time highs yet remain out of favour with investors. “China’s down 60% from its all-time high. Japan’s down 50%… Russia is hated – I own Russian shares; I own Russian bonds; I own the currency.”

Rogers made his reputation as an adventurous investor – his book Investment Biker was all about a post-Quantum Fund gap year spent touring emerging markets – and he hasn’t changed. On his radar now? Zimbabwe. With former dictator Robert Mugabe no longer in power, Rogers reckons “things are going to change. They may get worse, but I would suspect Zimbabwe is now an interesting place to look”. But do your research. “If you can’t find Zimbabwe on a map… please do not invest… Only invest in what you, yourself, know a lot about.”

- Source, Money Week

Thursday, December 13, 2018

Jim Rogers: Known Reserves of Oil are in Decline, and Continue to Decline

"It is the time to buy commodities again. I would say to you and you can write it down… commodities are going to do better than stocks in the future.

I have learned not to pay too much attention to OPEC… I think oil has been down ten days in a row which is one of the few times in history that that’s ever happened. Oil is making a complicated bottom. 

We are going to look back one day and say ‘2015, ’16, ’17, ’18, ’19, oil made its bottom, and then oil is going to go up again. Known reserves of oil are in decline, and continue to decline, except for fracking, but that bubble has popped, so be careful. Don’t sell your oil.”

- Source, Jim Rogers

Tuesday, December 4, 2018

Jim Rogers: Watch Out For Washington DC

Jim Rogers, author of "Street Smarts" joins Sprott Media's Remy Blaire at the NASDAQ MarketSite to consider risks and opportunities on the investment horizon. Rogers offers his take on geopolitical and political risk around the globe and discusses the implications of potential scenarios.

- Source, Sprott Media