Jim Rogers: Stock Market Blowup in April Not Crazy Talk, Tips for Surviving Worst Bubble Ever
Best-selling author of "Hot Commodities" Jim Rogers speaks with our Daniela Cambone about trending topics, chiming in on Tesla's Bitcoin buy and how hedge funds were wrongly depicted during the Reddit craze. "Selling the short is not a form of market manipulation; what the mob did is manipulation," he says, asserting that it was the Reddit investors who created the short squeeze. "The hedge fund guys are clearly smart," Rogers continues, "except for the fact they overextended themselves."
Discussing the stock market, the renowned investor says that experts' April crash prediction may in fact come to fruition. "I have seen this movie before and it all plays out the same way; in the end, it always pops. This will be the worst bear market in our lifetime," he warns, claiming that some stocks will go down as far as 80-90%.
Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a professor at Columbia University, started his own commodity index and is a frequent media commentator worldwide. Rogers has also authored six books. He currently lives in Singapore with his family. Jim has authored a half dozen books, including: Investment Biker: Around the World with Jim Rogers (NYTimes Bestseller)
