Quote from Elitist Trader:
I have seen an extended interview with him, and he explains why he is wishy washy. Its because his lawyer wont allow him to be specific with his advice because he is liable to be sued.
In addition to that, if i were in his place, i would do the same thing, lawyer or not... I have put a lot of time and effort into what I do, no way am i going to give away information to the whole world that has taken me years to work out.
any man who is a nobel prize candidate is going to stick his neck out into the international media to announce his specific positions, not when he's got a fidcuciary responsibility to his own fund, and likely advises or influences the decisions of hundreds of others indirectly and directly, including has the ability to influence and/or advise specific economic decisions of top governments, especially those of the USA and the G7, if not every country in the world, including the IMF and World Bank...how long his list must be...
knowing full well what he says will absolutely cause a shift in any financial market on both a micro and macro basis.
if jim rogers goes on the front page of the nytimes saying the usa is going bankrupt, then the usa is probably going bankrupt.
president obama is not going to ignore one of the most powerfully wealthy men in the world, or those he is closely associated with, namely the soros fund.
so the question for the little guy is, are you qualified to disrespect him given you are but a flea in a circus of a trillion other fleas?
or do you follow his every move?
if you listen to him closely, he is not vague about his positions, nor his entry or exit points. he shows up at the right time, almost every time, and his calls are better than most any other market strategist i've ever not listened to.
men like jim rogers are not motivated solely by greed, if at all at this point in their lives.
wealthy men in extreme positions of power become very aware of the impact of their words and actions, and if they are not totally devoid of conscience, will use that power for the general good of the world. they may personally profit from it, but they drag millions up with them.
if jim says a weaker usd is good for american exports to boost the economy and rebuild manufacturing away from china, then he's probably doing america a bigger favour than saying sell everything and abandon ship before it sinks. because it is sinking.
but be assured he's short the whole time making billions for his clients when he does.
