In fact, he made his fortune by investing where others feared to tread.
Rogers made a name for himself in the 1970s after founding the Quantum Fund with George Soros. The fund had gains of 4,200% in 10 years.
Rogers has traveled widely and is known for pioneering the boots-on-the-ground approach to investing in emerging and frontier markets around the world.
From his world travels and decades of investment experience, he has penned a range of best-selling books that blend investment insight, political commentary and travelogue. There are many lessons to be learned from these books.
In a recent exclusive interview, Rogers spoke about market bubbles and one of his biggest regrets. A partial transcript follows.
Q.: So when we look at global markets, which markets, [are those] that a lot of investors are very keen on [that may be in bubble territory]?
A.: Well, I can't think of many that people are keen on right now. America
American tertiary education is a bubble. Everybody thinks it's the end all and be all.
America has done a great PR job of selling its universities. Everybody knows [that] grammar school, primary school and high school are a disaster in America.
But somehow or another that translates into the fact that America has great universities. Don't ask me the logic, but that's obviously a bubble.
Hong Kong real estate, Shanghai (China) real estate
Bonds are obviously something that is going to cause a lot of pain to a lot of people. Bonds have been going up for 35 years, literally, for 35 years.
Now, bond markets have a habit of having long, long, long cycles, 30, 35 years. It's normal in the bond market.
At least historically in the U.S.
- Source, The Street
