Tuesday, July 5, 2011

Jim Rogers : Chanos is wrong about China

Legendary investor Jim Rogers said that the investors that are shorting China like James Chanos are wrong :
"Those guys have been dead wrong for two years. Chanos said two years ago he was shorting China and it's going to collapse,"

"I know Jim and I like Jim and admire Jim but he's been dead wrong for two years, I hope he's still solvent. If he did the things he said he's doing, he's losing a lot of money," Jim Rogers told CNBC on the 4th 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%.

No comments:

Post a Comment