Jim Rogers tells CNBC to F* OFF

[bozwood]

Quote from Daal:

worry about moral hazzard when banks are making record profits and yet the yield curve is inverted [/B]

yep, that always happens. govt always goes back and corrects the moral hazards they create.

don't you get it? moral hazard is the MOST important thing to correct because once the crisis is past, even more excesses are layered upon the old ones leading to more systemic risk. eventually it just all collapses and takes much more of a toll than actually taking action (or not) would have during the crisis. rewarding bad behavior doesn't work with dogs, kids, companies, or countries.

 

[Chagi]

Thanks for posting this link.

The rudeness of the CNBC hosts amazes me. Props to Mr. Rogers for telling them off. I'm okay with intelligent debate, but the host was being a knob.

This interview actually reminds me of another CNBC interview with Paul Van Eeden of Cranberry Capital (in my opinion a pretty intelligent guy). CNBC treated him like a complete moron when they interviewed him a few months back.

 

[newguy05]

lol i love rogers, but why does he ALWAYS sound so pissed everytime i see him on tv

 

[stock777]

Quote from dhpar:

do you want jim to wipe your ass as well?

think about it - why would anybody give you entries and exits?

in other words it doesn't matter if he trades as long as he makes sense. your turn is how to use him for your entries/exits...

Nope, you're no shill.

Later Jimmy!

 

[Bootsie]

Quote from PohPoh:

uh, he didn't say Fuck off...he just put that fucking moron Martin in his place...
Martin is the biggest tool on CNBC and that is saying ALOT...
Fraggle Rock and him will battle it out actually for top douche

Thank God someone agrees with me.

I'd love to take a brick upside his head!

 

[IluvVol]

lol, and you are right...;-)

Quote from Landis82:

Rogers is not who he presents himself to be on CNBC . . . Ever notice how he has NEVER had a losing trade?

That's because he does not TRADE.
Period.

 

[IluvVol]

are some of us here on ET really THAT stupid? Do you REALLY believe he puts his money at where his mouth ON CNBC is? This guy has and still makes tons of money (the audited fund performance and investor letters are easily available) but do you truely believe he rode his oil longs to 140 to see them come down all the way to 70 again? This guy is a successful professional with a proven track record who has traded with the best. Who are you guys trying to amuse but yourselves? And why would he give first class investment advice on a totally retarded TV channel that he hates more than anything? Lets get real here....

Quote from hughb:

I used to believe that he did not trade either. His statements to the media, in all forms, newspapers, televisiong, etc., seemed to indicate he would have been banrupted several times over if he was actually trading his words. But we know from the Refco fiasco that he had an account there, and nobody had a reason to have an account with Refco unless they were trading. His words in the media were either misleading, or he has an endless supply of cash to burn through.

 

[IluvVol]

of course its a marketing gimmic. But I dont follow your point, how can he want to look right when he claims he is long oil that came down from 140 to 70. I know from informed sources that he has liquidated his oil longs around 120 levels.

And for some completely uninformed, yes, he does trade. Lol, cant believe some even question that. ;-)

Quote from Landis82:

Excellent point.

But he will never say that because he will be "pinned" into a corner and everyone will remember him as the "Boy Who Cried Wolf" when the economy was able to avoid the Great Depression #2.

He's more concerned with "looking like" he is RIGHT, than being honest.

It's all a marketing parade for Jim.
And it's always on CNBC. Ever notice that?

 

[rock34748]

Quote from newguy05:

lol i love rogers, but why does he ALWAYS sound so pissed everytime i see him on tv

Little patience for stupid people. Particularly stupid people who refuse to recognize their stupidity. IE.. the interviewer.

 

[Landis82]

Quote from IluvVol:

And for some completely uninformed, yes, he does trade. Lol, cant believe some even question that. ;-)

It's questioned because there are people out there that worked closely with Rogers while he was at the Quantum Fund . . . and who were still at the Quantum Fund ( as traders ) well after Rogers had left. They ( and their contacts ) were privy to where people "cleared" their trades through. Rogers never showed up on the "radar" . . . anywhere.

I wouldn't be surprised one bit that he took his share of partnership money from Soros and put the money into bonds.

But let's face it.
The guy frequently appears in the financial media and NEVER EVER admits to having a losing trade in the last 27 years . . . To my knowledge, he is not managing OPM and his association with the Beeland Fund is in name only.