How is Jim Rogers so smart?

[Debaser82]

During industrial revolution in the west quality of life improved 50% a generation, in China these last 20 years lifestyle has improved 1000% a generation. That's 1000%.

Life expectancy in the US in 1900 was barely 40 years now it is +75. This is simply how prosperity is built, on the shoulders of the people.

As far as the Orwelian state China goes, they get their examples not from Nazi Germany 1940 but from London City 2008 or the patriot act sorry to say.

 

[Hydroblunt]

Quote from Debaser82:

During industrial revolution in the west quality of life improved 50% a generation, in China these last 20 years lifestyle has improved 1000% a generation. That's 1000%.

Would love to know where you get those stats.

During the industrial revolution, masses upon masses of people spent their whole life slaving away at factories and mines. They died shortly, either in an accident or respiratory complications. "Quality of life" is not an applicable term for that existence, cause that is not living.

China is a nation held together by fear. People dissapear and become "organ donors". Any political groups are targeted as they are easy prey. It will get even more interesting when they run out of those, as the appetite for China's human organs is growing.

 

[Landis82]

"Soros' hedge-fund empire grew in subsequent decades, making him a multi-billionaire, while Rogers' net worth, which he declines to disclose, is a fraction of that, although it's certainly not insubstantial.

True.
And that was literally 25 years ago.

Since then, no one on Wall Street has ever figured out where Rogers clears his trades at, either.
As a result, many postulate that he doesn't even trade, and simply appears on CNBC time after time (fielding "grapefruit" type questions ) promoting himself and his books.

 

[man]

Quote from Cutten:

... the reason Rogers is respected is because he contributed to the 40% per annum return of the Quantum fund from 1969-1981, a time where the S&P was basically flat. By comparison, during the 80s and 90s Quantum made about 35% and the S&P returned over 15% per year ...

rogers is by far the most reputed global macro guy trading
multiple markets on both the long and the short side. he
is stunning. there is not much more you can say. for some
big calls it is tough to get the timing right. but he is truly
amazing. especially since he is trading his talk.

 

[Daal]

Quote from man:

rogers is by far the most reputed global macro guy trading
multiple markets on both the long and the short side. he
is stunning. there is not much more you can say. for some
big calls it is tough to get the timing right. but he is truly
amazing. especially since he is trading his talk.

rogers is a great analyst. just amazes me how he can be wrong with regards allowing the system to collapse. his darwinian theories wont work because congress will make the system worse before it all cleans itself(like in the 30's). you guys worry about taxes, if you let this turn into a depression you will see the anihilation of the rich in the US

 

[eagle]

I'm thinking what make him unqualified for the Fed or Treasury chairman? Or maybe he didn't want to be.

 

[sho-tim]

Quote from man:

rogers is by far the most reputed global macro guy trading
multiple markets on both the long and the short side. he
is stunning. there is not much more you can say. for some
big calls it is tough to get the timing right. but he is truly
amazing. especially since he is trading his talk.

Rogers is a broken record.

He doesn't trade his talk. That's a joke.
He talks his trade. As in "talking your book". There's a difference

 

[Epiphany]

Quote from sho-tim:

Rogers is a broken record.

He doesn't trade his talk. That's a joke.
He talks his trade. As in "talking your book". There's a difference

Haha do you even trade?

 

[traderyin]

Quote from simon1080:

What school did he go to? Or is it just pure experience?


And do not start with his an idiot this that.. His richer than you by at least 100000x .. so he must know what his talking about.

These old timers are nailing everything to the dot.




I'm starting to believe Buffets side of bet.. that no hedge fund will outperform S&P 500 over the long run. (That is if they can manage to stay in business)

He spent time reading companies' filings instead of worthless posts.

 

[short&naked]

Quote from Landis82:

"Soros' hedge-fund empire grew in subsequent decades, making him a multi-billionaire, while Rogers' net worth, which he declines to disclose, is a fraction of that, although it's certainly not insubstantial.

True.
And that was literally 25 years ago.

Since then, no one on Wall Street has ever figured out where Rogers clears his trades at, either.
As a result, many postulate that he doesn't even trade, and simply appears on CNBC time after time (fielding "grapefruit" type questions ) promoting himself and his books.

Refco