r-in
Registered: Sep 2003
Posts: 1227 |
09-24-12 05:16 PM
Many years ago I was a Jim Rogers fan. I now realize like every guru, he isn't right that often. He made a fortune when he was right, and that is great, but he has had numerous misses since then, but is still looked to for his 2 cents. Not to say he doesn't know what he talking about, but I give him no more weight than anyone else including myself. I spent 2 years telling everyone I knew that we were going to fail miserably very soon. I was early by 2 years and other than shorting a couple stocks didn't take my own advice. I said a few banks and all the homebuilders would get killed, and the one I told friends regularly was Countrywide. I actually never shorted Countrywide, but I did short Lehman. I didn't make enough to retire from anything, as I just wasn't going to go all in with my money. Jim Rogers went all in with other peoples money and made a fortune. Now he can afford to go all in with his and be wrong for a long time before it matters to him. Again not that he doesn't know his stuff, but you can make alot of calls and survive, and then make one correct call and look like a genius.
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