what jim rogers doesn't tell you

[TradePilotPro1]

He always says he is not a trader or market timer
just knows the big pic
he also is loaded so drawdowns don't bother him he looks out years and years

 

[Swan Noir]

When my grandfather died in 1944 he owned stock worth about $28,000 AT COST in the 20's. When my grandmother died in 1972 my father liquidated all the positions (none of the companies had gone bust) and put $29,500 into her estate.

I guess if my grandmother had lived another 20 years and my family had gotten out for $70,000 or $80,000 we could be termed people who looked at the big picture.

This asshole was recommending wheat, corn etc. all the way up and to stand pat on the way down.

Quote from TradePilotPro1:

He always says he is not a trader or market timer
just knows the big pic
he also is loaded so drawdowns don't bother him he looks out years and years

 

[jedwards]

Have you read the book Market Wizards? Jim Rogers has been long commodities and bearish against the US dollar since the 80s!

Even a broken clock is right twice a day. He's been wrong for the better part of 25 years now.

 

[Debaser82]

Quote from jedwards:

Have you read the book Market Wizards? Jim Rogers has been long commodities and bearish against the US dollar since the 80s!

Even a broken clock is right twice a day. He's been wrong for the better part of 25 years now.

You mean he was long oil from 10$ a barrel to 150$ a barrel?:eek:

 

[zdreg]

Quote from Swan Noir:

When my grandfather died in 1944 he owned stock worth about $28,000 AT COST in the 20's. When my grandmother died in 1972 my father liquidated all the positions (none of the companies had gone bust) and put $29,500 into her estate.

I guess if my grandmother had lived another 20 years and my family had gotten out for $70,000 or $80,000 we could be termed people who looked at the big picture.

This asshole was recommending wheat, corn etc. all the way up and to stand pat on the way down.

your father did not make a wise decision.

 

[Swan Noir]

Wouldn't you have to know a bit (or maybe a whole bunch) more about what he did with the money to make that judgment?

His choice returned more than 3X the return he would have gotten had he held the stock.

Quote from zdreg:

your father did not make a wise decision.

 

[davidmaria1]

what jim rogers doesn't tell you


Where he gets those silly ties?

 

[jedwards]

Quote from Debaser82:

You mean he was long oil from 10$ a barrel to 150$ a barrel?:eek:

Right, and oil was below $20 until 1998, meaning he lost out on the Dow going from 1200 in 1985 to 9000 in 1998

He's been wrong for the better part of 25 years. Even a broken clock is right twice a day. Fact is that if he invested in an index fund with compounding dividends, he would have made more money than he did with commodities, with a lot less risk.

 

[Swan Noir]

Can we just all agree that this man (regardless of his early successes) should stop making a fool of himself. To listen to him talk you would think that paper assets have had a horrible run for decades. None of what he says has any credibility.

That said, I am very bearish on "paper" of all sorts -- stocks, bonds, currencies -- for the longer term. My longer term = three to five years not multiple decades.

 

[makloda]

Quote from Debaser82:

You mean he was long oil from 10$ a barrel to 150$ a barrel?:eek:

Did he sell at $150?

Or hold all the way down to $30 like an amateur?