Jim Rogers: Citigroup is a buy at $5

Quote from jbtrader23:

The financial channels and media sources are so dumb, they never provide any background to Jim's picks or predictions.

He's big picture, global, long term. The US media is the exact opposite. US centric, obsessed with the minute by minute.

Jim's long term picks are viewed through this little short lense. Makes no sense.

I've been organizing a lot of Jim's past predictions, interviews, video's, what he's said in books, etc.

His picks have been mind boggling. Besides C, FNM, and the brokers and financials.

He was buying bonds in 1981 and 82. Bought Botswana in 1991, held through 2003, up 800%. This is what people miss when they only focus on his US picks. Or that he was too bearish on the US in the early 90's. Big deal. He lost X in the US market, but made a fortune in Iran or China.

And in the last 10 years, he's cleaned up with commodities, china, short dollar, agriculture, oil (the suprise is how high it goes and how high it stays), and then the financials.

Called FNM a $5 a few years ago. It's now at $10.
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I agree JB.. I too follow of his advices/commentaries and made a few Ks in USD and Agriculture trades during the past few years..

Media believes he's equity bear,,while in fact he is not.. he just didn't like US Equity Market as much as some foreign markets. They question his forecast,, love to prove him worng (just look at some of the past inteviews on CNBC)..
 
JR for the win!


jr_ewing.jpg
 
Quote from boost123:
Citigroup is the No1 company in the world. Bigger than Buffett Berkshire Hathaway and Microsoft put together.
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Their market cap is so low that they struggle to stay a top 100 company in the US. Not mentioning the rest of the world...
 
Quote from dalodoma:

I agree JB.. I too follow of his advices/commentaries and made a few Ks in USD and Agriculture trades during the past few years..

Media believes he's equity bear,,while in fact he is not.. he just didn't like US Equity Market as much as some foreign markets. They question his forecast,, love to prove him worng (just look at some of the past inteviews on CNBC)..
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The guy's an oracle. It's stunning to watch. I watch his youtube clips alot.

He had interview in Money Masters of our Time. Schwagger's "Market Wizards". A couple other books (Inside the House of Money). He's done a bunch of interviews for his books, Investment Biker and Adveture Capitalist.

You can run google news searches and come up with old interviews.

It's not necessarily hard to follow him. It's a shame is past recorded isn't touted very much. Alot of his calls get buried (a quote in Market Wizards..."I put a significant amount of my net worth in bonds in 1981 and 1982 and traded around the position since).

I saw an interview of him today, he's short treasuries.

The guy is worth hundreds of millions (billions) and the media makes him out to be a quack, or eccentric/crazy. Complete insanity.

I think in 10-15 years, his legacy is going to be out of sight.

-Soros in the 70's

-80's and 90's, various calls

-Late 90's to 2010-15 Commodity bull market. Up 600 or 800%.

-Short dollar from the 80's and 90's to worthless or significantly devalued

-China

-The others, agriculture, financials, etc.
 
Quote from boost123:


He was DEAD WRONG when he decided to be bearish on India!!
Perhaps the buyers of his books also missed out on India growth.

Booster
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Uh, I don't know when he said his bearish comment on idea, but IFN, the India ETF, is down about 50% this year so far.
 
Quote from droskill:

Uh, I don't know when he said his bearish comment on idea, but IFN, the India ETF, is down about 50% this year so far.
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when i was in india i was watching CNBC india all the time and they thought that "maybe" stocks would go down 10% from the highs.
 
without a doubt he is a great forecaster.

and he eats his own food.

thats great and all, but so were the past thousands of market forecaster who we dont remember.
 
as i've posted b4, i used to make fun of Roger's in my quarterly to clients in the 97-99 timeframe (i called him jimmy wrong-way rogers).

became a convert in 2000/2001; as it's impossible to argue with facts. his nickname now is: 'often early, never wrong'.

ignore what he says at your own peril...
 
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