Wednesday, March 28, 2012

The world, according to Jim Rogers

From GulfNews:
Investor Jim Rogers offers sage advice on making money in the future — and he's been retired since he was 37

Excuse me," Jim Rogers says, pulling a navy blue sock over his right foot. "I'm a little jet lagged."
A Nepalese house boy is making over the Khaleej suite at Emirates Palace Hotel, the television is tuned to CNN, his laptop is open and dinging occasional alerts for new emails, and two BlackBerrys are charging on his desk.

A lot of the problems we're facing today is that people have forgotten how to work hard. It's a generational thing. If you go to a fast food restaurant or a department store in the United States, you'll see senior citizens working behind the counter or greeting customers. They're doing it because they have a work ethic

Investor Jim Rogers
"I have a problem with jetlag," he says. "Do you have a cure?"
Melatonin, but it's illegal in the UAE and most of the Arab world....MORE
..."My advice to young people would be to get into agriculture. If you want to make money over the next 20 years, agriculture is the way to go. If you don't want to be a farmer, buy the Lamborghini dealership or a restaurant in Iowa. Why? Because the farmers in Iowa are going to be very wealthy. And they will be able to afford Lamborghinis. Fewer and fewer people are producing more and more food for more and more of us. That's only going to get worse over the next 20 or 30 years. So if you're smart, put your money into anything related to agriculture."...

HT: Economic Policy Journal