Jim Rogers: Why You Want To Own Hard Assets In An Age Of Inflation
The Commodity Bull Market Has A Long Way To Run
Jim Puplava welcomes back to Financial Sense Newshour legendary investor, author and commentator Jim Rogers. Rogers believes the US is one of the better places to invest this year. However, he is very concerned about 2013 and 2014, as he sees higher taxes and inflation taking a heavy toll. Rogers sees the commodity bull market continuing in either a strong or weak global economy.
Jim Rogers grew up in Demopolis, Alabama, and got started in business at the age of five, selling peanuts. Winning a scholarship to Yale, Rogers was coxswain on the crew. Upon graduation, he attended Balliol College at Oxford. After a stint in the army, he began work on Wall Street. He cofounded the Quantum Fund, a global-investment partnership. During the next ten years, the portfolio gained more than 4,000 percent, while the S&P rose less than 50 percent. Rogers then decided to retire--at age thirty-seven--but he did not remain idle.Continuing to manage his own portfolio, Rogers served as a professor of finance at the Columbia University Graduate School of Business and as moderator of The Dreyfus Roundtable on WCBS and The Profit Motive on FNN. At the same time, he laid the groundwork for his lifelong dream, an around-the-world motorcycle trip: more than 100,000 miles across six continents. Jim is also the author of several books.