?

Log in

No account? Create an account

Jim Rogers “…he’s gonna print money until we run out of trees…” - Open Knowledge — LiveJournal

Oct. 29th, 2007

01:07 pm - Jim Rogers “…he’s gonna print money until we run out of trees…”

Previous Entry Share Next Entry

Jim Rogers, along with George Soros, co-founded the Quantum Fund in 1970. During the following 10 years, the fund gained 4200% while the S&P advanced about 47%. He retired in 1980, and has since written several books, including “Investment Biker” and “Adventure Capitalist”, detailing his round the world trips, first via motorcycle and later by car.

In this interview with the Financial Times, he blasts Ben Bernanke, and endorses Ron Paul.

Original: craschworks - comments

Comments:

[User Picture]
From:perich
Date:October 29th, 2007 08:10 pm (UTC)
(Link)
Didn't the Quantum Fund make its billions on currency arbitrage? Isn't Jim Rogers sort of biting the hand that fed him?
(Reply) (Thread)
[User Picture]
From:crasch
Date:October 29th, 2007 08:18 pm (UTC)
(Link)
Didn't the Quantum Fund make its billions on currency arbitrage?

Yes, I think so.

Isn't Jim Rogers sort of biting the hand that fed him?

I suppose so. But so what? Suppose Rogers is right, and the currency is going to crash. If he "shorts" the U.S. currency before everyone else, and thereby makes a profit when it ultimately does crash, I don't have a problem with that.
(Reply) (Parent) (Thread)