One thing about Rogers, he made a lot of money on the commodities boom and is now all-in on China. (Or at least he says he is but I see no reason to doubt him.) He moved his family to Hong Kong to be on top of things over there.
(06-02-2014 02:35 PM)QuestionSocratic Wrote: One thing about Rogers, he made a lot of money on the commodities boom and is now all-in on China. (Or at least he says he is but I see no reason to doubt him.) He moved his family to Hong Kong to be on top of things over there.
(06-02-2014 02:35 PM)QuestionSocratic Wrote: One thing about Rogers, he made a lot of money on the commodities boom and is now all-in on China. (Or at least he says he is but I see no reason to doubt him.) He moved his family to Hong Kong to be on top of things over there.
Singapore, not Hong Kong.
They all look the same to me.
Jokes aside, when I was in graduate school, my classmate from Singapore was an ethnic Indian and the guy from Hong Kong was a Brit. Those are pretty cosmopolitan areas.
(This post was last modified: 06-02-2014 05:28 PM by QuestionSocratic.)
(06-02-2014 02:35 PM)QuestionSocratic Wrote: One thing about Rogers, he made a lot of money on the commodities boom and is now all-in on China. (Or at least he says he is but I see no reason to doubt him.) He moved his family to Hong Kong to be on top of things over there.
Singapore, not Hong Kong.
They all look the same to me.
Jokes aside, when I was in graduate school, my classmate from Singapore was an ethnic Indian and the guy from Hong Kong was a Brit. Those are pretty cosmopolitan areas.
Rogers started off working with George Soros.
Rogers and I disagree about a lot of things. I think that China is becoming increasingly dangerous as an investment due to transparency and leverage issues. Rogers also flacks Russia as an investment harbor. Sure the 3x earnings multiplier on the MICEX looks cheap, but there's always the country risk.
Rogers tends to stick to a view. His view is that the US is sinking fast and that China and Russia will take over the world economically. I don't see that happening for a long list of reasons. For obvious reasons, his worldview is very popular with the Bitcoin/Putin crowd.
He is correct about Japan.
If I'm a hedge fund with a high tolerance for risk, then sure, perhaps those two countries are worth a gamble.
There is much that I would normally have to say about RT, but in this one case, I'll direct that in a different forum.
(This post was last modified: 06-02-2014 06:04 PM by Tom in Lazybrook.)
