Monday, July 18, 2011

I do not like shorting things that are down I like shorting things that are up

" they (The European Banks ) are down , they are down too much , I do not like shorting things that are down I like shorting things that are up , and the bigger American bank that I shorted was near its all time high so I shorted it , but I have other shorts as well " Jim Rogers in Reuters interview 13 July 2011



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

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