JIM ROGERS BLOG: 11/20/13

Think for yourself, do your homework

I do know that I have learned over the years, always, when nearly everybody is thinking the same way that means somebody’s not thinking that means we got to start thinking about it and see if there’s not another way, another approach.

Because if everybody says the sky is blue, I at least urge you to go and look out the window and see if it’s blue because I have found that most people won’t even bother to look out the window.

If they see on the television or in the newspaper or something that everybody says the sky is blue, I at least urge them to look out the window.
I find that most people don’t want to do their homework, that’s the first problem that many people have, is just doing simple homework.

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).

World keeps evolving, things change

Another thing I have learned in my life is that no matter what we all know today, it’s not going to be true in 10 or 15 years. You pick any year in history and go back and then look to see what everybody thought was true in that year, 15 years later the world had changed enormously. Enormously. And yet in that particular year everybody was convinced that this is the way the world was. Pick 1900, 1930, 1950, any year you want to pick, and you will see that 15 years later, the world was totally, totally different from what everybody thought it was at that time.

This is What Jim Rogers is Bullish On?

I think agriculture is going to be one of the best investments over the next few decades. The world has consumed more than it has produced for much of the last decade, so inventories are near historic lows. The average farmer is 58 in the U.S. and Australia, 66 in Japan. Old farmers are dying or retiring, and young people aren't going into agriculture. Young Americans go into PR, not agriculture. Prices have to go much higher to attract labor, management, capital or we're not going to have enough food in the long run.

Central Banks: The Most Important Thing Going On

All you have to do is to watch the central banks of the world. Because if they are going to continue to print money, a lot of it is going to end up in financial markets. That`s the most important thing going on in the world right now.

Stock Market Rally: It Will End Badly

I know it is going to end badly when it ends but it does not mean it will end anytime soon. All the central banks in the world continue to print money.

Gold: There Will Be A Better Chance To Buy Gold in The Future

I don`t know if there will be a 50 percent correction. I do know that 50 percent corrections are normal. That is what happens in all markets. It is not unusual at all. So, I suspect we might have a 50 percent correction before it`s over. That is not a prediction, but I suspect it will happen. I am not buying at the moment. I think there will be a better chance to buy gold in the future.

The U.S. Dollar Will Disappear In The Long Term

I expect more currency turmoil in the future and I suspect people will go to the U.S. Dollar when there`s currency turmoil because they do not know what else to do. I own the U.S. Dollar at the moment but I don`t have any confidence in the long term future of the U.S. Dollar. It`s going to disappear in the long term.

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).

Wednesday, November 20, 2013