Q. How Has Your Investment Process Evolved Over The Years?

From incompetence to competence back to incompetence. I mean, my point is that I don't spend nearly as much time on it as I used to. To be a successful investor, you really have to spend a lot of time, energy, devotion etc. I'm doing a lot of other things now. I've moved, I'm traveling a lot all over the world especially in Asia, China and Russia.  I just had a book, it was the number one bestseller in Japan. I was shocked, shocked to find out. So, I'm doing a lot of other things now and so I don't spend nearly as much time investing as I used to.

The World Economy Will Be Slower In The Next Year

The world economy is going to be very slow in the next year or two but that does not mean that crude oil supply and demand cannot get out of balance. Crude Oil will go down at times but remember, known reserves of oil are declining and have been declining for years except for fracking. But the fracking bubble has burst and so we will have declining reserves everywhere and that means that after crude oil completes this complicated bottom, crude oil will go up again.

Emerging Markets: Zimbabwe, South Korea, Russia

Here's a summary of Jim's most recent commentary on Emerging Markets:

Zimbabwe: I Bought A Few Stocks Recently 

Korea: Tourism Is Going To Be Great 

Russian Stocks 

Korea Will Be The Most Exciting Country In The World 

Related trading tickers: iShares MSCI Emerging Markets Index ETF (EEM), iShares MSCI South Korea Index Fund ETF (EWY), Market Vector Russia ETF Trust (RSX)

Investing: Crypto Currencies, Yield Curve, Gold

Keep up to date with the latest investment topics from Jim Rogers.

This week Jim has already commented on a variety of topics including Crypto Currencies - Q: Do You Look At Crypto Currencies At All?, the outlook for Gold prices going forward - Q: What do you make of the Russians and the Chinese buying a lot of gold lately?, and the impact that a potential inversion of the yield curve can have on the markets - Yield Curve & Recession and The Meaning of Inverted Yield Curves.

Q: Do You Look At Crypto Currencies At All?

I'm aware of them I know about them I've never bought one or sold one I wish I had I wish I'd done both bought and sold but they're all going to disappear they're all going to go to zero. (...) Eventually money is money is going to the computer (...) Many countries are so far ahead of the US in electronic money, so it's happening but it's gonna be government money.

Related:

Looking For Ways To Invest in Blockchain
The Internet Is Changing Everything

Q: What do you make of the Russians and the Chinese buying a lot of gold lately?

Well, there are people in the world and have been for thousands of years who think that gold and silver are extremely valuable and useful. I know that history shows whenever there are problems, whenever people lose confidence in governments or in money, they turn to gold and silver.

I own gold, I've owned gold for many years. I haven't bought any serious gold since 2010 but I am waiting for gold to have one final collapse and I hope I'm smart enough to buy a lot more gold and silver when that happens, if it happens.

Related: 

India Is Buying Gold
Russia Continues Buying Gold

Yield Curve & Recession

We are getting overdue for something to happen and the yield curve maybe telling us, "Hey guys, it's coming again!" But the yield curve also is not a short-term signal it only says a few weeks or months later something is going to happen.

The Longest Bull Market In American History

It's been over 10 years since we've had a financial problem in the United States and that's the longest in American history. It doesn't mean it has to end, it can go on for 20 years, who knows. But it is the longest bull market we've had in American history and also the longest economic good times we've had in American history. So, we are getting overdue for something to happen.

The Meaning of Inverted Yield Curves

I know what history says that when they invert and when they stay inverted it usually means that a few weeks or months later we're going to have problems. I don't see any reason that's changed. People always say it's different this time but it's rarely really different this time. So, I'm watching but I have not acted because of it yet.

Related trading instruments: SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Barclays 20+ Yr Treas.Bond ETF (TLT), iShares Barclays 7-10 Year Treasury Bond Fund (IEF)

Zimbabwe: I Bought A Few Stocks Recently

I bought a few shares in Zimbabwe recently. Not much, just to get me to remember Zimbabwe. You know, 50 years ago Zimbabwe was one of the richest countries in the British Commonwealth. It's been totally destroyed totally destroyed by a crazy dictator over the next 37 years. But it is a great opportunity now.

Related trading rockers: iShares MSCI Emerging Markets Index ETF (EEM)

Jim Rogers: Recent Interview & Podcast

A recent article on The Korean Times featuring Jim Rogers: 'Jim Rogers can be used to restart inter-Korean projects'

Jim Rogers was a guest on the Futures Radio Show podcast and you can listen to the full interview here: "Investing in the Real World – Jim Rogers"

Korea: Tourism Is Going To Be Great

There's no stock market in North Korea, no market in the traditional sense but I'm very excited about the future of the Korean Peninsula. They don't have anything. Communism destroys everything. They don't have electricity, they don't have suits, they don't have chairs... 

Tourism is going to be great. Korea has not been on the tourist map. If people are sitting around in Europe thinking about where am I gonna go in Asia, I think of Japan, China, Bali, they don't think of Korea for historic reasons. But now people are going to start thinking about going to Korea.

Video Interview: Wiener Börse Insights - Talk with Jim Rogers

CEO Christoph Boschan and Jim Rogers, who jointly invented Quantum Funds together with George Soros in the early 1970s and became a national capital market hero when we woke up the Vienna Stock Exchange in 1985, in a spontaneous interview. Watch the video interview here, Wiener Börse Insights - Talk with Jim Rogers.

Podcast: Futures Radio Show (with Jim Rogers)

Jim Rogers talks to Anthony Crudele on the Futures Radio Show.

Topics discussed: trade selection process, risk management and position sizing, asset bubbles and yield curves.

Russian Stocks

Right now, I'm buying a Russian stock for instance and that's exactly what I've been doing. I've been putting in limit orders for several weeks, it's not that active (stock).

Investing: The Way I Do It

I consider myself an investor where I buy things and I try to own them for years, preferably forever. That's my success, if I've had any. 

The way I do it: I find something that's cheap, usually if nobody's paying attention and if it's ignored it's cheap. But if you can find something that's cheap where there's positive change taking place, often you make a lot of money. So, that's my way of doing it.

South Korea: Tourism Is Going To Be Great

There's no stock market in North Korea, no market in the traditional sense but I'm very excited about the future of the Korean Peninsula. They don't have anything. Communism destroys everything. They don't have electricity, they don't have suits, they don't have chairs... 

Tourism is going to be great. Korea has not been on the tourist map. If people are sitting around in Europe thinking about where am I gonna go in Asia, I think of Japan, China, Bali, they don't think of Korea for historic reasons. But now people are going to start thinking about going to Korea.

Related ticker: iShares MSCI South Korea Index Fund ETF (EWY), Korean Air Lines Co Ltd (KRX:003490)

You're Gonna Be Successful In Your Own Madness!

You're not gonna be successful doing what your parents or your teachers or your friends tell you to. You're gonna be successful in your own madness. That's how people become successful. They do something they love, they don't listen to other people.

Electric Car Revolution: Lithium and Cobalt

Q: Let's back to the future now because we're in the middle of this electric car revolution that's creating a major shift in demand and supply in commodities for things like Lithium and Cobalt. So, is that kind of thematic investment that you're looking at and how is the best way to play it?

A: Well, yes the problem with those two that you mentioned are that there's no public market. You know, there's plenty of futures in Zinc and Copper but there's not futures in Lithium and Cobalt. So you have to be in the mines or buy the stuff itself which is not so easy for most people, including me. I had an interest in a company which had lithium mines but at the moment I have nothing.

Further reading:

"Stock Market: The Trump Put" 

"The Real Reason Why The Fed Cannot Raise Rates"
"The Coming Recession Will Be Bearish For Bonds"

My Process For Investing In Commodities

I'm more bullish on commodities than I am on American stocks for instance. So, the answer is overall yes but would I rush in and buy Zinc today? No, of course not! It's up 20 percent since August as you pointed out. What I like to do is find the commodities that are down the most and start looking there rather than ones are up the most.

Further reading:

"Stock Market: The Trump Put" 

"The Real Reason Why The Fed Cannot Raise Rates" 

"The Coming Recession Will Be Bearish For Bonds"