Sunday, February 10, 2013

Jim Rogers: "I Am Buying Russia, Shorting Apple, & Shorting Bonds"

After betting against Russia for 46 years, Jim Rogers says he is now buying their currency, stocks, and bonds because they are one of the most hated assets on the planet. He has been short Apple and long Japan stocks during the recent plunge and rise (crushing both sides of the trade). Rogers become an icon in the financial world after co-founding the Quantum Fund with George Soros in 1973. The fund would go on to achieve monumental success and is widely known for "breaking" the Bank of England in the early 90's.

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