He just makes so much sense. Have you heard Jim Rogers speak? If you aren’t familiar with him, listen here.
What’s interesting is that in this video interview, he’s seen sitting in the same room that Marc Faber gave his interview to CNBC. It’s probably just a CNBC office in Singapore, but they announced it as the location of Rogers Holdings. Does Marc Faber work for Jim Rogers?? That would be quite interesting.
“There’s not going to be a bottom until everybody’s saying there’s never going to be a bottom,” says Jim Rogers, (October 2008).
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He does make a lot of valid points during the course of this interview, and the quote you have pointed out seems to get at the heart of the issue. The worries of individuals in the country, which are fairly reasonable, serve to add to the reduction of output, as motivation is somewhat diminished and companies also end up firing employees. The “bottom” comes when a change starts to occur in the general populace that gives them an upward-performing stimulus, and that doesn’t refer to money.
I have to agree with you here – Jim Rogers has been one of my investing role models for about 2 years since I first heard about his book “Investment Biker”.
If you haven’t read it I suggest you pick it up – he drove around the world with a motorbike to get a better idea where to invest his money.
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