Dean M

Jim Rogers on the Next 10 Years

This might be an interesting anectdote, I'm correpsonding via Skype with a 30 year old, out of work engineer in Xi'An (he is helping me with Chinese and I'm helping him with English). He is trying to emigrate at all costs, he doesn't feel there is any opportunity in China unless you are in government and a Party member and that poverty in CHina is beyond anything we could imagine. I made all the arguments that are popular in postings such as this and told him I had put a large portion of my savings into Chinese stocks and he seemed quite shocked. He thinks that the government will stand in the way of any standard of living improvements and will indefinitely maintain a tight grip on the country's economic resources. I wasn't completely put off but I think there is a risk of growing too sanguine about the China growth story.

Jim Rogers on the Next 10 Years

If you think so poorly of him why did you read all his books?


On Oct 12 11:13 AM bobbobwhite wrote:

> I have read all of Jim Roger's books and wrtings and can say that
> all of what he says is founded in self absorbtion and is thus self
> serving. Not to say that he is totally wrong here or in anything
> he writes, but always know that he writes for his own benefit, not
> yours, even though the two may intertwine. But certainly not always,
> so be careful and do your own homework. He is a media star with quirky
> personal gimmicks in the general mold of Jim Cramer, and those types
> should ALWAYS be suspect.

Market's Latest Run Appears Poised for Reversal

Predicting the rally will eventually reverse is not going too far out on a limb. The question is when, and I don't hear you taking the risk of trying to answer that question (rightly so since it would be pure guesswork)