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Are there any Jim Rogers' fans here?
- Thread starter jbtrader23
- Start date
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Quote from cakulev:
BTW,
Is it me or Rogers International Commodities Index is very Oil sensitive?
Oil+Gas = 44%
I am not saying this is wrong, but it doesnât look like a balanced index either.
http://www.rogersrawmaterials.com/page3.html
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I think he has tried to construct an index which is representative of how much each commodity is used.
Anyway, the Goldman Sachs version apparently has a 73% energy weighting.
Quote from cakulev:
BTW,
Is it me or Rogers International Commodities Index is very Oil sensitive?
Oil+Gas = 44%
I am not saying this is wrong, but it doesnât look like a balanced index either.
http://www.rogersrawmaterials.com/page3.html
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Quote from pepper_john:
It seems to me YES.
I think he has tried to construct an index which is representative of how much each commodity is used.
Anyway, the Goldman Sachs version apparently has a 73% energy weighting.
Sure he invests. But shorting things, selling options etc is hardly investing...
I have a lot of respect for him. However, his timing is out, often by years. He acknowledges this though as he says, he is often too early with his calls.
Check out his call on the Nikkei in Market Wizards, especially the level. Was right eventually!
Absolutely amazing!!
I have a lot of respect for him. However, his timing is out, often by years. He acknowledges this though as he says, he is often too early with his calls.
Check out his call on the Nikkei in Market Wizards, especially the level. Was right eventually!
Absolutely amazing!!
Quote from Visaria:
Sure he invests. But shorting things, selling options etc is hardly investing...
I have a lot of respect for him. However, his timing is out, often by years. He acknowledges this though as he says, he is often too early with his calls.
Check out his call on the Nikkei in Market Wizards, especially the level. Was right eventually!
Absolutely amazing!!
i suggest you think about it very carefully whether shorting or selling options is investing or not. you need to study what it means to be an investor,
Yep, thought about it....selling options naked, shorting gold futures etc is NOT investing, it is trading.
This distinction was pointed out to Jim by Jack Schwager at the beginning of the interview in Market Wizards.
If someone feels uncomfortable with being called a 'trader' when he would prefer to be called an 'investor', then that's their problem (snobbery?). I prefer to look at the substance not the form. Actually, the distinction is not really of much interest to me, the "investor" can call himself "Lord High Commander of the Sea" if he wants to. I couldn't care less.
Qu. How many legs does a dog have if you call his tail a leg?
Ans: 4. Just because you call his tail a leg, doesn't mean it's a leg.
This distinction was pointed out to Jim by Jack Schwager at the beginning of the interview in Market Wizards.
If someone feels uncomfortable with being called a 'trader' when he would prefer to be called an 'investor', then that's their problem (snobbery?). I prefer to look at the substance not the form. Actually, the distinction is not really of much interest to me, the "investor" can call himself "Lord High Commander of the Sea" if he wants to. I couldn't care less.
Qu. How many legs does a dog have if you call his tail a leg?
Ans: 4. Just because you call his tail a leg, doesn't mean it's a leg.
Quote from Visaria:
Yep, thought about it....selling options naked, shorting gold futures etc is NOT investing, it is trading.
This distinction was pointed out to Jim by Jack Schwager at the beginning of the interview in Market Wizards.
If someone feels uncomfortable with being called a 'trader' when he would prefer to be called an 'investor', then that's their problem (snobbery?). I prefer to look at the substance not the form. Actually, the distinction is not really of much interest to me, the "investor" can call himself "Lord High Commander of the Sea" if he wants to. I couldn't care less.
Qu. How many legs does a dog have if you call his tail a leg?
Ans: 4. Just because you call his tail a leg, doesn't mean it's a leg.
The difference is a matter of opinion. Not fact.
You look ridiculous arguing about it ...