Wednesday 10 August 2011

Jim Rogers - Interview


This is an excellent interview from Jim Rogers. Bloomberg don't allow embedding of videos so I have made do with a screenshot with a link you can click on.

Jim is always interesting to listen to - one of the things that I got from this interview is that the next six months to a year are priced in by the market so it is pretty pointless trying to invest according to the news. You can not respond quickly enough to have an edge - really you need to be there six months or a year in advance. This is where the market is. This is quite interesting because when there is real volatility that may be because something that is not expected is being priced in. The other thing that occurs to me is that this leads to an idea of the time horizon for value investing - you should be looking out there more than six months or a year.

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