Video: What India Needs To Do To Compete Better In The World

Jim Rogers on what India needs to do to compete better in the world.

Video Duration: 38m33s

Best Investment For The Next 50 Years

Jim Rogers answer some rapid-fire questions on where to invest for the next 50 years.

(1) Kospi 200 or Nikkei 225?
(2) Bitcoin or Graphene?
(3) FANG* stocks or BAT** stocks?
(4) S&P 500 Index or RICI***?

* Facebook, Amazon, Netflix and Google
** Baidu, Tencent and Alibaba
*** Commodities Index

The Best Capitalists In The World

They call themselves communists, but they are probably the best capitalists in the world in 2018/2019. California is more communist than China is, Massachusetts is more communist than China.

“I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.” 
- Jim Rogers

Blockchain & Crypto Currencies

Blockchain has a great future. Blockchain is changing everything we know. It's going to change even more. Blockchain is going to put a lot of people out of work but a lot of people lost their jobs because of electricity. And electricity turned out to be a good thing for all of us. Likewise with blockchain. 

That's different from cryptocurrencies. Cryptocurrencies are going to disappear, and go to nothing. But blockchain is going to be wildly successful and important.

Trump Was Wrong To Pull Out Of The TPP

President Trump pulled out of the Trans-Pacific Partnership (TPP) and the Chinese looked around and said, "Well, that means we're the only ones left." So, they can take over Asia now. Maybe that's what Mr. Trump is thinking to make America great but it is doing a lot to make China great because now they don't have any major rivals in Asia and the Pacific.

US - China Trade War

The Chinese are going to become self-sufficient in many things which means that MANY American companies will lose their markets! I think this is going to hurt America rather than help us! 
- Jim Rogers in a recent video interview with RT.com.

Favorite Book: Security Analysis by Ben Graham

The book that I still to this day tell people to read is Security Analysis by Ben Graham. I read it decades ago. Short of that, The Intelligent Investor by Graham and Dodd. Graham's ideas of investing in fundamentals and cheap stocks, I realized that's the that's the kind of investor I was, that's what I loved and thought was great. So, I recommend that book when people ask me what book to read or books to read I tell them about Ben Graham.

Markets: Russia Is Very Cheap

Well, mainly I am cautious about the stocks all over the world now except for a couple of places, where they are down a lot. If and when stocks all over the world go down or if and when India goes down a lot, then I would certainly re-examine India.

At the moment I am mainly looking at Russia. In fact, I am buying shares in Russia right now. Russia is very cheap compared to markets all over the world. The main problem is stocks in much of the world are up and I prefer not to buy when things are going up and I know that there are going to be some problems in the markets in the next year or two. My hope is that when problems come to the world markets, I am smart enough to buy lots of stocks. 

The U.S. Dollar Is Going To Go Higher

The U.S. Dollar is going to go higher, it is going to get overpriced, it might even turn into a bubble. At that point, I am going to have to sell my U.S. Dollars because bubbles always come to an end. I have a few thoughts on where I will put my money when I get out of my U.S. Dollars going forward but we will have to wait to see what happens.

Rising Interest Rates Will Cause Serious Problems

Never in the history of the world have interest rates been this low. They think this is the solution. But I want you to know that eventually and soon interest rates are going to go higher again and when interest rates go higher again we are going to have serious, serious problems all over the world.

The Next Bear Market In Stocks

No, I will just say it will be the worst in my lifetime. It has been over 10 years since we had a serious bear market in the United States. I would suspect by the end of this year or next year, it will start. These things always start small, where people are not looking and then they work to the major markets, and then you see them on the major news. 

 In 2007, Iceland went bankrupt but nobody noticed or cared. Then Ireland went bankrupt. Then a few weeks later, Bear Sterns went bankrupt and a few weeks later Northern Rock, the English Bank, went bankrupt. Then eventually Lehman brothers went bankrupt and by then, everybody knew there was a problem. But it had been there for over a year and it has always worked that way. It starts when we are not watching. It has already started. Latvia collapsed. Argentina, Venezuela, Turkey, some banks in India are having problems, Indonesia has started having problems. It has not made to evening news yet. 

All these markets are small but until they make it to the big markets, people do not notice.

“ The more certain something is, the less likely it is to be profitable”.

Trade War: Will China Sell U.S. Treasuries?

"The idea that China would dump its $1.1 trillion of Treasuries to retaliate against U.S. tariffs is often dismissed as improbable. It’s seen as a nuclear option that would inflict more harm on China’s economy than America’s. 

Yet the tensions rippling through global financial markets could still lead Beijing to reduce its stockpile in the $15.9 trillion Treasuries market -- not to retaliate, but to defend its currency if it goes into a free-fall. The offshore yuan has slumped 2.6% this month to about 6.92 per dollar as the trade standoff intensified, reaching the weakest since December." - in Bloomberg

Read the complete article here: Trade War May Yet Spur China to Sell Treasuries as Yuan Tumbles

Stocks: The Next Bear Market

In 2007, Iceland went bankrupt, but nobody noticed or cared. Then Ireland went bankrupt. A few weeks later Bear Sterns went bankrupt and a few weeks later Northern Rock – the English Bank – went bankrupt and then eventually Lehman Brothers went bankrupt. By then everybody knew there was a problem. 

It starts when we are not watching. It has already started. Latvia collapse. Argentina, Venezuela, Turkey, some banks in India are having problems, we have issues in Indonesia; so it has already started showing. It has not made to evening news yet.

India: "I am not a big fan of Mr. Modi"

I invested in India before Mr. Modi was elected. I owned the Indian shares, but then after few weeks seeing that he did not do much, I sold Indian shares. I have had no position in India since. Modi has done some nice things. He has done a few small things. He has not done any big good thing as far as I can think. I am not a big fan of Mr. Modi. He gets great, great, great publicity all over the world and he is very well liked all over the world. But as far as the real policy (is concerned), I have not seen much dramatic change, yet. 

Related trading instruments: WisdomTree India Earnings Fund ETF (EPI), iShares MSCI Emerging Markets Index ETF (EEM)

Related articles:

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 

Cautious About Stocks All Over The World

Well, mainly I am cautious about the stocks all over the world now except for a couple of places, where they are down a lot. If and when stocks all over the world go down or if and when India goes down a lot, then I would certainly re-examine India.

At the moment I am mainly looking at Russia. In fact, I am buying shares in Russia right now. Russia is very cheap compared to markets all over the world. The main problem is stocks in much of the world are up and I prefer not to buy when things are going up and I know that there are going to be some problems in the markets in the next year or two. My hope is that when problems come to the world markets, I am smart enough to buy lots of stocks. 

S&P 500 Index: Lack of Market Breath

Today if you look at the S&P 500 Index for instance in the United States, I think there are only 40 or 45 stocks that are above their 50-day moving average to use the technicians kind of talk. Everything else is in a downtrend. Definitely a lack of breath. Over 90 percent of the stocks are in downtrends, 10 percent are in uptrends but they're big companies and since the S&P 500 Index is capitalization-weighted those 50 stocks, 40 stocks, are dragging the average to all-time highs now.

A Bear Market Can Start This Year

Jim Rogers has talked with ET Markets today. The wide ranging conversation touched several different topics such as the prospects from investing in India, the outlook for the U.S. stock market, the Russian stock market and agricultural commodities. You can read the complete interview here: "Don't miss the signs like in 2008, bear market is coming, reiterates Jim Rogers"

Video: Investing Lessons

A fantastic video interview with Jim Rogers on Real Vision. 

Steve Diggle and Jim Rogers discussed contrarian investing, tape reading, how to use independent thinking in investing, the importance of experience and making mistakes as a part of the acquiring knowledge. 

My Favorite Investment Book

The book that I still to this day tell people to read is Security Analysis by Ben Graham. I read it decades ago. Short of that, The Intelligent Investor by Graham and Dodd. Graham's ideas of investing in fundamentals and cheap stocks, I realized that's the that's the kind of investor I was, that's what I loved and thought was great. So, I recommend that book when people ask me what book to read or books to read I tell them about Ben Graham.

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"

Video: Cannabis Investing, China & Gold

"The cannabis market is going to get bigger and bigger." - Jim Rogers

Other topics covered: North Korea, Unified Korea, China, Gold;

Interesting Reading:

Ray Dalio - What It Means to Be Principled and Why You Need to Do It 
Ray Dalio - Principle 1.1: Be A Hyperrealist 
Ray Dalio - Principle 1.1A: A Successful Life 
Ray Dalio - Principle Of The Day: Embrace Reality 
Ray Dalio - Principle 1.2: An Accurate Understanding Of Reality

Further reading:

"Stock Market: The Trump Put" 

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

Korea Will Be The Most Exciting Country In The World

Soon Korea will be the most exciting country in the world. More exciting than China, more exciting than the United Kingdom, more exciting than any country you can think of. 

They have lots of cheap, disciplined labor in the North, they have lots of natural resources in the north, they are right on the Chinese border. You put it together with South Korean capital, South Korean expertise, South Korea market size... It's going to be a country of 80 million people on the Chinese border with cheap labor and lots of natural resources.

Interesting Reading:

Ray Dalio - What It Means to Be Principled and Why You Need to Do It 

Ray Dalio - Principle 1.1: Be A Hyperrealist 

Ray Dalio - Principle 1.1A: A Successful Life 

Ray Dalio - Principle Of The Day: Embrace Reality 

Ray Dalio - Principle 1.2: An Accurate Understanding Of Reality

Further reading:

"Stock Market: The Trump Put" 

"The Real Reason Why The Fed Cannot Raise Rates" 

"The Coming Recession Will Be Bearish For Bonds"

Investing: Finding Cheap & Positive Change

If you can find very cheap and positive change you're probably going to be successful. So there's positive change taking place in North Korea.

Interesting Reading:

Ray Dalio - What It Means to Be Principled and Why You Need to Do It 
Ray Dalio - Principle 1.1: Be A Hyperrealist 
Ray Dalio - Principle 1.1A: A Successful Life 
Ray Dalio - Principle Of The Day: Embrace Reality 
Ray Dalio - Principle 1.2: An Accurate Understanding Of Reality

Daily Routines: Exercising & Avoiding Things That Don't Interest Me

I try to exercise every day try to go to the gym every day there's no question about that I can't always do it because of traveler or conflicts or something else but that I try to do and I tried not to I try to avoid things that don't interest me.

Interesting Reading:

Ray Dalio - What It Means to Be Principled and Why You Need to Do It 

Ray Dalio - Principle 1.1: Be A Hyperrealist 

Ray Dalio - Principle 1.1A: A Successful Life 

Ray Dalio - Principle Of The Day: Embrace Reality 

Ray Dalio - Principle 1.2: An Accurate Understanding Of Reality