(Newsweek.com) Jim Rogers, the legendary American investor, financial commentator and, along with George Soros, founder of the Quantum Fund, is the ultimate commodities bull. More than 10 years ago, he started the Rogers International Commodities Index, and in 2005 he wrote "Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market." Below, he explains to NEWSWEEK's Rana Foroohar why oil is still black gold.
Foroohar: Inflation-adjusted, oil is the same price that it was in 1976, and in 1870. So why are you still a bull?
Rogers: It doesn't matter. It's also true that just about any stock you can think about is at or below where it was in the 1970s right now. So what? There are still 15- to 20-year periods when commodities, stocks and any other asset class goes up a great deal. In 1987 stocks collapsed by 40 to 80 percent. But people who were smart enough to stay in them made 1,000 percent returns in the next decade. The point is to take advantage of those periods and make some money.
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About Me
- Frank G Jolley,CFA
- Frank Jolley is the President and Chief Investment Officer of Jolley Asset Management, LLC, which he founded in 1998. Mr. Jolley graduated from the University of North Carolina with a BS in Business Administration and recieved his CFA in 1994. Prior to founding Jolley Asset Management, Mr. Jolley was the Chief Investment Officer of the Trust Investment Department at Centura Bank, and he has been involved in investments, banking and financial analysis since 1979. He also serves as a member of the CFA Institute and the North Carolina Society of Financial Analysts.
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