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Famed investor, Jim Rogers, still bullish on commodities

Posted Aug 23rd 2008 12:10PM by Tom Taulli (RSS feed)
Filed under: Books, Commodities

In his investment career, Jim Rogers has made some great calls. He is the co-founder of the legendary hedge fund, the Quantum Fund (which got its start in the early 1970s), where he made a fortune on commodities trades (his partner was George Soros).

And since the late 1990s, Rogers has yet again been a bull on the commodities market. In fact, he has written a book on the topic, Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market.

But, with the recent plunge in commodities, is Rogers changing his views? Nope.

If anything, he's bullish for the next ten years (this is according to a speech he made at an investor conference in Kuala Lumpur). Basically, the recent fall-off is a correction. And, expect many more (after all, this was the case during the 1970s).

Basically, Rogers thinks there will need to be a massive global recession to derail the commodities boom. And, he doesn't see any signs of this.

Interestingly enough, Rogers said he is considering investing in base metals again.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements. He also operates MergerBook.com.

Jim Rogers talks commodities

Posted Feb 13th 2008 3:46PM by Zac Bissonnette (RSS feed)
Filed under: Forecasts, Commodities, Oil, Agriculture

Investors who followed the advice of Jim Rogers' book Hot Commodities cleaned up in the ensuing global bull market in commodities. Since then, Jim Rogers has become one of a handful of people that anyone who cares about commodities absolutely must listen to.

Now you can listen to him in a new interview with TechTicker.

Mr. Rogers said that a U.S. recession would have an effect on demand for "nearly everything" but said that he is still buying agriculture even though he believes the U.S. is in a recession because he views the factors that will drive agriculture higher as being largely independent of our economy.

He cautioned, however, that bull markets do not go straight up and that there will be consolidations. On oil, he declined to make a short-term prediction calling himself "the world's worst market timer." He also said that everyone will be surprised by how high oil eventually goes.

If you haven't already read his latest book A Bull in China, you ought to get on that.