Tuesday, August 26, 2014

Russian Stock Market Extremely Hated

Russia is one of the most hated stock markets in the world, perhaps second only to Argentina, which is hated more. I have learned, when things like that happen, they usually put it cheap, Russia has a convertible currency, has a very low debt, has lots of resources, and when the stocks get knocked down, I started investing. 

Listen, I was very bearish on Russia for forty six years of my life. I’ve only started becoming positive on Russia in the last couple of years. I do think I see opportunities and therefore I’m investing.

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).