Rogers tells Pal that this current market environment, marked by record-low mutual fund cash levels and high levels of investing on margin, reminds him somewhat of the conditions prior to the "Black Monday" sell-off on October 19, 1987, which actually occurred on Rogers’ birthday.
Rogers stresses the importance of thinking for oneself and argues that China is well-positioned to be the future engine of economic growth and technological progress.
- Source, Real Vision Finance
