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Archive for August 2nd, 2009

James Beeland Rogers, Jr. is one of the more famous investors and speculators of the past 40 years. In the early 1970′s he was a co-founder of the Quantum Fund, along with the legendary investor, George Soros. Jim Rogers (born October 19, 1942) is an expatriate American investor and financial commentator now living in Singapore. He is a college professor, author, world traveler, economic commentator, and creator of the Rogers International Commodities Index (RICI).

When asked how he became interested in trading Jim Rogers said “I stumbled onto Wall Street. In 1964, I had just finished college and was going on to graduate school. I got a summer job through a guy I met, who happened to work for a Wall Street firm. I didn’t know anything about Wall Street at the time. I didn’t know the difference between stocks and bonds. I didn’t even know that there was a difference between stocks and bonds. All I knew about Wall Street was that it was somewhere in New York and something unpleasant had happened there in 1929. After that summer, I went to Oxford during 1964-1966. Whereas all the Americans I knew at Oxford were interested in politics, I was more interested in reading the Financial Times.”

As an example of how one thing can lead to another when you are buzzing about in the right traffic zone Jim met George Soros while working in New York. Some ten years after Soros and Rogers co-founded the Quantum Fund Rogers retired as a billionaire. He has since traveled the world on a motorcycle, written several books, managed his own funds and finances, and recently moved to Singapore to be closer to his investments in China. Jim is a frequent commentator on the current investment scene and a critic of US government policies that have lead to out of control spending and deficits.

Jim Rogers said he has recently bought commodities, the Japanese yen and Swiss francs.

“If the world economies revive, commodities will be the strongest,” Rogers said today on Bloomberg Television.If economies do not revive, commodities are still the best place to be due to supply shortages.”

Rogers has often noted that since commodities have real value and at least at some level are always in demand in a world in financial turmoil they offer greater investment potential than other asset classes.

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