Friday, October 2, 2009

Jim Rogers

Jim Rogers is a Financial Investors. 66 Years (2009) old Jim Rogers born on 19th October, 1942.

James Beeland Rogers, Jr is his real name.

He was a co-founder of the Quantum Fund, and is a college professor, author, economic commentator, and creator of the Rogers International Commodities Index (RICI). He considers himself of the Austrian School of economics.

In December 2007, Rogers sold his mansion in New York City for about 16 million USD and moved to Singapore. Rogers claimed that he moved because now is a ground-breaking time for investment potential in Asian markets. Rogers' first daughter is now being tutored in Mandarin to prepare her for the future.

He is quoted as saying: "If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia."

In a CNBC interview with Maria Bartiromo broadcast on May 5, 2008, Rogers said that people in China are extremely motivated and driven, and he wants to be in that type of environment, so his daughters are motivated and driven. He also stated that this is how America and Europe used to be.

He chose not to move to Chinese cities like Hong Kong or Shanghai due to the high levels of pollution causing potential health problems for his family; hence he chose Singapore. However, he is not fully bullish on all Asian nations, as he remains skeptical of India's future and expects it to break up in the coming 30 to 40 years.

According to Him, Now East is becoming West means Asian Countries are becoming western. This is because of High Growth of India and China. According to him, if you invest in Asian Markets for next centuries than your Investments will give you maximum returns.

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