ââ¬ÅI have never sold any of my Chinese companies,ââ¬Â Rogers said. ââ¬ÅYou know, selling China in 2008 is like selling America in 1908. Sure, letââ¬â¢s say the market goes down another 40% - so what! You look back over 100 years, you look back from the beauty of 1928, or even 1938 [in the depths of the Great Depression], and there is somebody who bought shares in 1908. He was still a lot better off having not sold in 1908.ââ¬Â
www.moneymorning.com/2008/08/20/jim-rogers-interview/
Not too sure whether he is regreting what he says now... He must have lost a few private jets with his bets on China stocks, commodities like copper, wheat and OIL!!!!! From USD 145 to USD 40 in only 10 months. Well, he must have spare cash somewhere that he can cough up. So no need to worry about him :laugh: :laugh: :laugh:
