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Rogers: Bullish on China Over Next 60 Years

October 01, 2009
guruek

guruek

80 followers
Jim Rogers, chairman of Rogers Holdings is bullish on China, even over the next 60 years. But Rachel Ziemba, senior analyst at RGE Monitor is wary of China over the next couple of years. They share their views, with CNBC's Martin Soong, Sri Jegarajah & Amanda Drury.






Rating: 3.0/5 (3 votes)

Comments

JoePass
JoePass premium member - 5 years ago
Jim never tells us WHICH Chinese stocks.....only sweeping generalizations....
Alex Garcia
Alex Garcia premium member - 5 years ago
why not do your own homework?

Simply look for Chinese companies (do not overpay) that do business in China and do not depend on the outside world. Jim has mentioned that Water companies, ag, etc.. should do fine.
dealraker
Dealraker - 5 years ago
My bet is that most, if not nearly all, of those who try to "do what Jim does" will lose money. Where will he be when your stuff is down and you are looking for his "guiding hand.?"

And my further guess is that most of what he has was gained as part of his astronomic fees along the way in his past. I just don't see him as the type of leader anyone can gain from financially.
Sivaram
Sivaram - 5 years ago
dealraker Wrote:

-------------------------------------------------------

> My bet is that most, if not nearly all, of those

> who try to "do what Jim does" will lose money.

> Where will he be when your stuff is down and you

> are looking for his "guiding hand.?"

>

> And my further guess is that most of what he has

> was gained as part of his astronomic fees along

> the way in his past. I just don't see him as the

> type of leader anyone can gain from financially.


Jim Rogers is a pretty good macro investor so macro investors, like me, do derive useful insights from him. I think if anyone following him were to be successful, they need to invest off his macro trends rather than his specific picks. This is the opposite of someone like Warren Buffett, where you want to invest off his picks rather than any trend (if Buffett invests in Wells Fargo, that doesn't mean you blindly bet on banks.)

I think you are wrong in suggesting that Rogers makes a lot of money off his fees. His speeches are infrequent and he made his name and wealth off investments, not the speeches. He is pretty good at investing.

I think if anyone were to lose a fortune following Jim Rogers, it'll be because they misinterpret his views or don't have a similar investing horizon. For instance, Jim Rogers was bullish on China as far back as the late 90's (if you don't believe me, look for an interview wtih Charlie Rose of PBS from the early 90's or mid 90's or something like that.) But very few following him back then would have tolerated the bear market in Chinese equities or China in general, which ended around 2004. It would have been hard to end up negative or flat returns for 10 years. Most would have sold out with massive losses by the early 2000's, I think. Similarly, I can see many selling off China if it faces some problems but Rogers may turn out to be right in 15 or 20 years.

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