Tomi Wen (Huobi China CEO) have been awarded the "Distinguished Blockchain Individual" at Global Fintech Innovation Summit and the award was handed out by Jim Rogers.
Friday, January 11, 2019
Thursday, January 10, 2019
Markets: You Are Going To See Bankruptcies in China
In 2008 China had huge amounts of money saved for a rainy day. It started raining and they started spending the money and helped save the world.
But now even China has debt. China has a lot of debt so in the next time around you gonna see Chinese companies with debt to deal with. The good news is Beijing has said they are going to let them go bankrupt. I hope they mean it. In America we don't let people go bankrupt but in China they say they are going to let people go bankrupt. I hope so. It will be a shock to a lot of people including me and I just told you it's going to happen. You are going to see bankruptcies in China because they have a lot of debt now.
Tuesday, January 8, 2019
The Digital Economy Is Going To Change Everything
The digital economy is going to change dramatically everything we think we know. My children will never go to a bank, a post office, a doctor and things we don’t even know about.
It’s going to be exciting, I hope we get it right.
Friday, January 4, 2019
2018: Best Investing Quotes (Part 2)
Here's the second part of the best investing one-liners from Jim Rogers in 2018, sorted by topic.
On investing and timing:
"Historically when there's a huge short position in anything it goes up."
On the Federal Reserve:
"First of all, we have a central bank which has no clue what it's been doing and probably also not what it will do in the future."
"When things go wrong they're gonna make more mistakes."
On politics:
"Certainly nobody wants to be a communist and if they want to be a socialist, they want to be a rich socialist."
"No communist nation or a communist country has ever succeeded."
Thursday, January 3, 2019
2018: Best Investing Quotes (Part 1)
Here's a collection of the best investing one-liners from Jim Rogers in 2018 by topic.
On trade wars:
Trump, in his brain, thinks he can win a trade war and that a trade war is good for him.
Nobody's ever won a trade war, history is very clear about the effects of trade wars.
About crude oil:
Crude oil is in the process of making a complicated bottom.
It will go higher because reserves are declining everywhere in the world except fracking but that bubble the fracking bubble broke.
On commodities:
Sugar, believe it or not, is down something like 80% from its all-time high.
The highest rate of suicide in the UK is in agriculture.
On emerging markets:
Exciting things are happening in Venezuela right now.
Korea is probably going to be the most exciting country in the world once North Korea opens which will and very soon.
About investing in general:
Historically when there's a huge short position in anything it goes up.
Only invest in what you, yourself know a lot about.
Have a great 2019!
On trade wars:
Trump, in his brain, thinks he can win a trade war and that a trade war is good for him.
Nobody's ever won a trade war, history is very clear about the effects of trade wars.
About crude oil:
Crude oil is in the process of making a complicated bottom.
It will go higher because reserves are declining everywhere in the world except fracking but that bubble the fracking bubble broke.
On commodities:
Sugar, believe it or not, is down something like 80% from its all-time high.
The highest rate of suicide in the UK is in agriculture.
On emerging markets:
Exciting things are happening in Venezuela right now.
Korea is probably going to be the most exciting country in the world once North Korea opens which will and very soon.
About investing in general:
Historically when there's a huge short position in anything it goes up.
Only invest in what you, yourself know a lot about.
Have a great 2019!
Life & Investing: Embrace Change
Those who can not adjust to change will be swept aside by it. Those who recognize change and react accordingly will benefit.
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