Jimmy on the BBC
I’m a huge fan of Jim Rogers. I think he’s one of the most honest investors out there, always with his heart on his sleeve, never hesitating to let the world know what he thinks, and he always backs it up with intelligent, precise analysis. Sure, there are a lot of better traders out there and he admittedly doesn’t know jack shit about options, but ignoring what he has to say is as foolish as believing everything the Ben Bernank is saying.
He’s been taking a lot of flak lately though, with people saying he’s become way too bullish on China and in Commodities that he can't see what’s really going on anymore. Well, he got the chance to defend himself last week on BBC’s Hard Talk, and thanks to an annoying, absurdly sensationalist interviewer, things got a little interesting.
They spar about him being on the China Kool-aid, on his long and short positions, ratings agencies, how he thinks oil will end up years from now, environmental issues, Glencore, and currencies. He almost said shit too so it’s pretty good stuff.
Video after the jump.
Anybody else wants to slap Stephen Sackur?
+1
Good post, great vid. Thanks.
I gotta be honest though, I'm a little skeptical with some of his comments. Especially the thing about low food prices being a bad thing.
Jorge, thanks for providing everyone with a view of a fantastic investor. It's good to get some substance around here.
Great interview...the interviewer is obviously good at playing the devil's advocate but Rogers is pretty strong in his replies. Who here believes the China above everyone else story?
Second part, 2:00. "America is in serious shi... trouble there's no question"
Great interview.
I want to slap Stephen Sackur.
the guy who is interviewing is so annoying. Suddenly having a long time horizon is being complacent, guys.
Man, what a class act Jim Rogers is. If that was me being interviewed, I definitely would have snapped something like, "Would you shut up and listen for a second?" This is the kind of worldview we're up against--God help us!
Thats what most leaders manage to do, stay calm when most people would freak out and run around like headless chickens. I would totally snap at some point if i was him haha
If the interviewer would just be quite for a moment he might of learned something. He should of asked why and how he was hedging. Every reporter always ask him the same questions as if his reply is going change, "I'm long China". He offsets risk on every investment... the question is how. That is how the real money is made.
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