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Jim Rogers' analysis

  • #1
  • First Post: Jul 7, 2010 12:19am Jul 7, 2010 12:19am
Not sure how good this guy really is, but here's what he thinks is yet to come.
Jim Rogers on The Mangru Report
  • #2
  • Jul 7, 2010 3:10am Jul 7, 2010 3:10am
Rule #1: Never trust another trader.
Rule #2: Never, under any circumstance, trust any one who wears a bow tie.
  • #3
  • Jul 7, 2010 4:13am Jul 7, 2010 4:13am
funny!
  • #4
  • Jul 7, 2010 12:44pm Jul 7, 2010 12:44pm
No point in following idealogues like this guy.

He may very well be right, but guys like this tend to be very myopic and narrow minded; they have an idea based on some analysis, and there's no way people (re: the market) will react differently to the same things he's seeing. Never believe the analysis of a permabear or permabull.
  • #5
  • Jul 8, 2010 1:18am Jul 8, 2010 1:18am
Quoting smittens4212
No point in following idealogues like this guy.

He may very well be right, but guys like this tend to be very myopic and narrow minded; they have an idea based on some analysis, and there's no way people (re: the market) will react differently to the same things he's seeing. Never believe the analysis of a permabear or permabull.
You're talking about a guy who bought and held German stocks a few years before the market took off.

He's not "permabull" or "permabear", he's just a guy who's been right way more often than he's been wrong in his long-term assessments of markets.

Try reading about his trading career before you dismiss him. You might actually learn something.
  • #6
  • Jul 8, 2010 1:28am Jul 8, 2010 1:28am
Quoting Dopey
Try reading about his trading career before you dismiss him. You might actually learn something.
You're expecting alot from this crowd dopey...

But it's always nice to see who else might be on the other side of a trade...
FUBAR...
  • #7
  • Jul 8, 2010 5:25am Jul 8, 2010 5:25am
Jim Rogers is a very prominent guy in investment industry.

If I am not wrong, he was once worked together with Soros on Quantum Fund.

You can do a wikipedia search on him.

His prediction or perspective might not be 100% right. However, I agreed with Dopey, he is just done more Right predictions than Wrong predictions.

Even Buffett is not 100% right at all times.
  • #8
  • Jul 8, 2010 10:59am Jul 8, 2010 10:59am
"I remember when I went to buy German stocks in 1982. I said to the broker, "I want you to buy me X, Y, and Z stocks."

The broker, who didn't know me, asked "What do I do next?"

I said, "You buy the stocks and send me the confirmations."

He asked, "Do you want me to send you some research?"
I said, "Please don't do that."
He asked, "Do you want me to send you opinions?"
I said, "No, no don't."
He asked "Do you want me to call you with prices?"

I said, "No, don't even give me prices, because if you do, once I see that these stocks have doubled and tripled, I might be tempted to sell them. I plan to own German stocks for at least three years, because I think you are about to have the biggest bull market you've had in two or three generations."

He often has a longer term perspective.
  • #9
  • Jul 8, 2010 11:22am Jul 8, 2010 11:22am
Quoting smittens4212
No point in following idealogues like this guy.

He may very well be right, but guys like this tend to be very myopic and narrow minded; they have an idea based on some analysis, and there's no way people (re: the market) will react differently to the same things he's seeing. Never believe the analysis of a permabear or permabull.
Oh, I have read the extract of his book A Gift to My Children: A Father's Lessons for Life and Investing recently and got completely opposite feeling from what you described.
  • #10
  • Jul 8, 2010 1:29pm Jul 8, 2010 1:29pm
Quoting Dopey
You're talking about a guy who bought and held German stocks a few years before the market took off.

He's not "permabull" or "permabear", he's just a guy who's been right way more often than he's been wrong in his long-term assessments of markets.

Try reading about his trading career before you dismiss him. You might actually learn something.
You're right, I was unfairly lumping him in with the Fabers and Shiffs of the markets. Some of his (admittedly it's still in the 'short-term' for him) recent calls in the past few years have not played out well at all right now, but are likely to pay dividends in years to come.
  • #11
  • Jul 22, 2010 4:41am Jul 22, 2010 4:41am
Quote
Not sure how good this guy really is, but here's what he thinks is yet to come.
Jim Rogers on The Mangru Report

I know, that you usually shovel this kind of BS onto the garden................
  • #12
  • Last Post: Jul 22, 2010 5:01pm Jul 22, 2010 5:01pm
Quoting alessio
I know, that you usually shovel this kind of BS onto the garden................
Rogers is a pretty accomplished guy and certainly can't just be written off as some run of the mill commentator however I find most of his advice is "stocking filler" for positions he is already in and his wild long term calls often help drive price lower for him to enter his contrarian positions.

I've only been following his market commentary for 7 odd years though and given he's been around about 5 times that I may be judging him prematurely

I do certainly take the time to read a what he says however tend to agree with Alessi that unless you are a long term trader allocating a hedging position on a larger portfolio, Roger's advice can often be over stated and over hyped given how applicable and actionable it is for the average retail investor.

Cheers.
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