Legendary independent investor Jim Rogers joins Real Vision CEO and co-founder Raoul Pal to share his outlook on markets and the lessons he learned on his storied career. Rogers tells Pal that this current market environment, marked by record-low mutual fund cash levels and high levels of investing on margin, reminds him somewhat of the conditions prior to the “Black Monday” sell-off on October 19, 1987, which actually occurred on Rogers’ birthday. Rogers stresses the importance of thinking for oneself and argues that China is well-positioned to be the future engine of economic growth and technological progress. Filmed on February 23, 2021.

Key learnings: Rogers is very constructive on commodities such as silver, oil, sugar, and various other agricultural opportunities. He notes speculative fervor in the current market, particularly in SPACs, but sees opportunities in China and Russia in addition to commodities.