How is Jim Rogers so smart?

[short&naked]

Do you really think you get to the level the Buffet or Rogers are at without using insider information?

The more they push this "nice guy" public image, the more I wonder.

And no Rogers is not a smart guy. He praised the Chinese CB for their "holding rates steady" policy. Guess what... the CB in China just cut rates!!!

http://www.youtube.com/watch?v=zhLPNdjyjyg

 

[short&naked]

Quote from zdreg:

jim rogers sold his mansion in manhattan and moved to singapore.

skip the jim rogers bashing. he recommended shorting fre and fmn and c. he recommended investing in commodities and china for a lengthy bull cycle. his negative forecasts about russia ,indonesia and the euro. have not yet come about. it doesn't matter since you would have large returns on his other predictions.

both soros and rogers are extremely wealthy men which is more than can be said about their detractors.

it is no longer surprising that many posters on ET are clueless on how to use the search button. one reason for its existence is to find previous threads on the subject in question.

Why do I have to be as wealthy to be able to criticize them?

 

[makloda]

http://deepwealth.blogspot.com/2006/06/interview-with-jim-rogers.html

ROGERS FIRST GAINED celebrity by co-founding the wildly successful Quantum Fund with George Soros in 1973. The hedge fund used gobs of leverage to notch a return exceeding 4,000% over the remainder of the decade, despite a poor stock-market environment. Rogers then retired at age 37, somewhat prematurely as it turned out. 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.

[...]

His detractors were often put off by his sometimes apocalyptic predictions and his claims, made after the fact, of having caught just about every global market move from a temporary stock surge in Botswana to adroitly sidestepping Korean shares just before they tanked in 1997. He has long been bearish on the U.S. dollar, though in the 'Nineties that was a losing proposition. As a private investor with no verifiable track record, Rogers was vulnerable to charges of showboating.

 

[zdreg]

it is the bottom line that counts. rogers is a very wealthy man from making long term macro bets.
as the financial crisis unfolded the wall street analysts refused to open their eyes or refused to break off their incestous relationships with the co's they followed. richard bove should be homeless for his analysis.

china still has long way to go in terms of living standards. the american market bounced back after the depression and 1987. china will do the same from its stock bubble.

 

[short&naked]

Quote from man:

sorry to say this, but this is the difference: he thinks on
another level. he sees bigger pictures. you care about
the details.

Perhaps he should look more at the details, then he'd see what a shit hole China really is.

 

[Debaser82]

Quote from short&naked:

Perhaps he should look more at the details, then he'd see what a shit hole China really is.

At least China isnt swamped with all these fat fucks I'd say thats a big plus.

 

[Cutten]

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)

Well he went to Oxford for 3 years to do Politics, Philosophy & Economics, not exactly easy to get in to that if you are thick.

Also he was speculating on currencies while he was a student there, and according to Soros "did the work of six men". Brains + education + hard work + 40 years experience results in a lot of ability. Similar with Marc Faber I imagine.

Basically if you are smart, and work hard in some experienced-based career for most of your life, you will become pretty fucking good at it.

 

[Cutten]

Quote from hughb:

It sounds like I'm shitting on Jim Rogers, (and if you had mentioned Soros I would sound like I'm shitting on him too), but I'm exasperated at the adoration for these two people who outside of trading have been nearly 100% wrong on everything they've ever written and said. How long ago did Soros warn us about the imminent collapse of capitalism?

Have you been reading the news recently? The US govt is taking ownership of some of the largest corporations. That's socialism not capitalism. Soros was pretty accurate with this one - he said it would be a collapse and change in the system, not Mad Max II.

P.S. 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. Not many people can make 40% in a flat market. Since he basically retired then, the last 25 years it's just been market calls - some of which have been wrong, but others spectacularly right.

 

[dsq]

he and buffet dont care for the daily fluctuations of the markets or timing the exact intraday bottoms or tops.
They sit on their winners and let em ride and dont get scared out of their positions unlike traders.

It is prescient that his book came out at the same time the shanghai dropped from 5600 to 2000.Same can be said about oil.

 

[Hydroblunt]

Quote from short&naked:

Do you really think you get to the level the Buffet or Rogers are at without using insider information?

There is a lot of untold history behind Quantum fund and personas the likes of Rogers, Soros, Buffet. Soros's real life personality is horrible, I've heard he is a hideous person on the inside. Business wise, they did a lot of shady sh*t back then.

Rogers, on the other hand, is playing an act while supporting China. He is promoting their mode of government, which is like George Orwell's 1984 scenario.

I would say, close to 80% of China's population is treated as disposable sub-humans. Look up some stories on the death squad vans and Chinense government's human organ operations. Sick stuff.