Wednesday, November 26, 2014

Mike Steinhardt was an awfully good trader





There are great traders. I try to differentiate between traders and investors. Roy Neuberger, whom I once worked for, was astonishing. I just could not conceive of how good he was at short-term timing and trading. Mike Steinhardt was an awfully good trader and timer of making investments. Mike might disagree, but I always viewed him as more of a trader than investor because he did have such a good sense of market timing. There must be plenty of guys, good market timers, short-term traders. 




Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Tuesday, November 25, 2014

This is How To Recognize Bubbles





One reason, other than the fact that I grew up in the backwoods of Alabama, that I could recognize bubbles is because I had read about them. I realized, 'Oh my God, they said the same thing in the '20s!' They said the same thing in previous bull markets, no matter where it was. 'This time it's different.' They're always talking about this new technology, or new genius or new methods. Just go back and read market history, economic history — history. I tell kids all the time that they should study history if they want to be successful at just about anything, because it has all happened before.








Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Monday, November 24, 2014

When I went to Wall Street I was stunned







When I went to Wall Street I was stunned by what I would hear. How trees can grow up to the sky. Stocks cannot go down. I grew up knowing it wasn't easy to get money and it wasn't easy to make money.

Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 ETF (SPY)









Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Saturday, November 22, 2014

Sanctions on Russia Are Only Hurting Europe




These sanctions are not hurting everybody, but they're certainly hurting Europe, which is driving more and more people to look for competitors to the US dollar and the US banking system. In the end it's good for Russia. I don't like saying it. I'm an American like you are. But I have to deal with facts, not with propaganda and not with hope.

Related ETFs: iShares MSCI Emerging Markets ETF (EEM)



Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).
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