Crude Oil: Known Reserves, Fracking, Price
In my view, crude oil is making a bottom. It's a complicated bottom. We will look back someday and say, in 2014-2018 crude oil made its bottom. Known reserves of oil everywhere continue to decline except for fracking but the fracking bubble burst a few years ago.
Now people know that fracking is not magic and that people can lose money in fracking.
Bitcoin and Cryptocurrencies:
I repeat what I said about IBM and computers, the people who invent something do not necessarily become the ones who succeed but we do you that the world has a money problem.
I repeat what I said about IBM and computers, the people who invent something do not necessarily become the ones who succeed but we do you that the world has a money problem.
Quote of the Day:
"Historically, you buy stocks when they're yielding 6 percent and selling at eight times earnings. You sell them when they're at 22 times earnings and yielding 2 percent." - Jim Rogers
"Historically, you buy stocks when they're yielding 6 percent and selling at eight times earnings. You sell them when they're at 22 times earnings and yielding 2 percent." - Jim Rogers
Sector Investing: Agriculture
The agriculture sector has been a disaster for 35 years. Things are so bad. The average age of an American farmer is 58, the average age in Japan is 68. And do you know that the highest suicide rate in the UK is in the agricultural sector?
The agriculture sector has been a disaster for 35 years. Things are so bad. The average age of an American farmer is 58, the average age in Japan is 68. And do you know that the highest suicide rate in the UK is in the agricultural sector?
The importance of having a second passport:
“Over the next 20 years, being trapped with only one passport, you could suffer very badly.” - Jim Rogers speaking at the 11th Residence and Citizenship by Investment Conference in Hong Kong
“Over the next 20 years, being trapped with only one passport, you could suffer very badly.” - Jim Rogers speaking at the 11th Residence and Citizenship by Investment Conference in Hong Kong
