Global Risks and Untapped Prospects – Jim Rogers

Featuring Jim Rogers

Legendary independent Investor, Jim Rogers, joins Steve Diggle, to talk about his career and how he sees the world now. Jim outlines the dangers of easy investing and his concerns over the potential for a major correction in financial markets. He also identifies the sectors and countries that he’s bullish on, with some incredible insight into how his life experiences have shaped his world view. Filmed on September 14, 2017, in Singapore.

Published on
20 September, 2017
Topic
Commodities, Recession, ETF
Duration
64 minutes
Asset class
Crypto-currencies, Commodities, Equities
Rating
66

Comments

  • WM

    Will M.

    28 12 2017 20:15

    1       0

    On 26 year olds in a bull market..... "they know it cannot end and will never end". I think this probably also applies to 36 year olds and many 46 year olds as well. Now for the 50 and 60 year olds they can see retirement or loss of job coming so they are desperate to gamble for returns. This market seems hated but continues on and on and on..... I think Jim has got the measure of life and the markets. He is laid back and the opposite of Hugh Hendry on hubris.

  • AW

    Anak W.

    4 12 2017 20:03

    2       0

    This man is such a legend. you can tell from the way he talks there is no worry, no fear. Seem to me that all these crazy stuff we are seeing is just "another one of those" to him. LEGEND.

  • JD

    Joe D.

    1 12 2017 19:59

    0       0

    Lot's of actionable information, and didn't have to research any acronyms for this one.

  • DH

    Dale H.

    25 11 2017 08:33

    3       0

    Firstly, a big thank you to Steve for one of the best interviews I’ve seen. Clear concise questions, tracking the conversation, good material added in questions and good summing up.
    I love listening to Jim. Intriguing, thoughtful challenging and funny. He is an individual certainly - one who gets me thinking and evaluating. It’s great being lazy too - I suspect Jim gets quite a lot of insights when being ‘lazy’.

  • MN

    Mark N.

    21 10 2017 22:27

    0       0

    Love love love Jim Rogers. He thinks the way I do, always giving me hope of actioning my own ideas and creating a more expansive existence. Didn't think a lot of the interviewer though.

  • bm

    brian m.

    15 10 2017 07:35

    1       0

    Its hard to criticise Mr Rogers as he often points out how unknowable the market is in the short term..His calls on gold (although seemingly unchanging)have been masterful...Phosagro ,Spanish mountain gold, Mason Graphite have been amazing performers over the last few years..But bear in mind he is always early and I suspect he will be early about the next crisis...But he will look very wise from 2026 looking back

  • BP

    Besar P.

    8 10 2017 13:55

    0       0

    On the next interview with Jim, please check ahead on the color of the shirts you guys will wear in the interview. Otherwise, its always interesting to hear Jim's contrarian thinking and ideas. Key points I got: it never is different, and bear markets are not a thing of the past. Excellent interview and thanks.

  • NR

    Niall R.

    8 10 2017 11:17

    1       0

    Great interview, and took away the importance of the very fundamentals. Double bubble for value with Mr Diggle too!

  • AE

    Alex E.

    29 9 2017 03:36

    0       1

    Late to the conversation, but, want to throw my 2 cents in. First , congrats to Mr. Diggle. A good interview. More, Please. As to Mr. Rogers, nothing to say that the man hasn't already said. Prudent to keep dry powder and play with small sums. Mr. Roger's advise on contrarian plays would work, how you play is up to you! Again, wise words in "This time , it's different" will get you slaughtered is so appropo! Thanks, RVTV for a great interview!

  • jh

    john h.

    27 9 2017 23:46

    2       0

    "the most dangerous words in the investing world to hear are its different this time". Fiat currency will fail, just like it has every other time in history. "its different this time, the dollar will last" ;) Gogoldgo

  • AC

    Andrew C.

    25 9 2017 03:18

    2       1

    Sorry, it doesn't make sense for me not to check facts and to confirm what some people are saying. Total respect for his track record, but I am trying to understand where the market is now. If -as it appears- many people are saying this bull is finished based on wrong "facts", Hugh Hendry is probably right. The bull still has a ways to go particularly as there apparently is a lot of cash still sitting on the sidelines.

  • AH

    Andreas H.

    24 9 2017 11:30

    4       0

    beeing early and beeing wrong is the same thing, no matter long or short, especially if you wipe out your account. Just love it how shorts twist this all the time... Jim made his money by holding on positions for ever and having a good nose for long term trends (like china), great investor and great interview...

  • DR

    David R.

    23 9 2017 16:38

    11       1

    To everyone fact checking Jim and talking that twitter talk, one little nugget for you: Jim's been living off his chip stack for longer than you've probably been alive. That's the only record that matters.

  • BW

    B. W.

    23 9 2017 04:50

    1       0

    In prior post, had a typo: entered "500day MA", instead of "50-day MA". Info otherwise accurate.

  • BW

    B. W.

    23 9 2017 04:49

    8       0

    Really terrific interview... Just for the whole pesky "fact" thing, there are currently 280 S$P 500 stocks trading above their 500day MA, instead of "45-50" as Jim reports it. No disrespect. Total fan. Just a bit off on that one. When I heard him say it, I did a pigeon triple-take and had to check my own scans. So just wanted to post this in case anyone else had the same brain hiccup. FWIW, the only time in the past half-decade that this number was at the 10%-ish level (50 stocks) was in late August 2015 when we had that crashy move on the China deval ahead of the energy bk's.

    Here's a good spot to see this data point:
    http://www.indexindicators.com/charts/sp500-vs-sp500-stocks-above-50d-sma-params-20120924_20170923-x-x-x/

  • DO

    Donna O.

    23 9 2017 00:09

    1       0

    Awesome!

  • AP

    Alfonso P.

    22 9 2017 21:50

    4       0

    repetitive, boring, deja vu, but the most asertive, enjoyable , fantastic humblei interview, excellent piece, thanks Jim

  • JL

    Jacob L.

    22 9 2017 09:47

    7       0

    Can someone tell me what Jim Rogers doesn't own? :D

  • AC

    Andrew C.

    22 9 2017 09:03

    0       0

    At 52mins left, he says only ~40-to-45 stocks of the SP500 are above their 50dayMA - that’s less than 10%. I call BS. As viewed on StockChart.com, the number is 70.40% (symbol:$SPXA200R). Also, 23 of the 30 DOW stocks are above their 50dayMA (symbol: $DOWA50). Also, 66.05% of NYSE stocks are above 50dayMA (symbol:$NYA50R), 64.14% are above 200dayMA (symbol:$NYA200R). Check it out your self: http://www.stockcharts.com/h-sc/ui?s=%24NYA50R.

  • AB

    Andrew B.

    22 9 2017 08:11

    1       1

    Rogers gets the Russian sanctions in a twist. Surprising. Russia, as counter measures to sancations over Crimea, self-imposed 'no food imports' from Europe and America. These are self imposed import bans.

  • DP

    David P.

    22 9 2017 07:38

    6       0

    Australian market graphene companies for those interested: TLG (i don't own anymore), FGR (i do). It has an interesting potential but it is important to do your homework to understand it (similarly to cryptocurrencies).

  • JH

    Jesse H.

    21 9 2017 23:07

    9       1

    Very enjoyable interview, and gotta love Diggle as an interviewer. He is reflective and a very good listener, similar to Grant Williams. Brilliant choice of interviewer (and, of course, interviewee : ).

  • tW

    tgwtom W.

    21 9 2017 19:25

    5       0

    Not bad for a couple of 'unemployables' :) ...also, a small message, but one I need to hear, is not to assume that everyone else is smarter than you.

  • SS

    Steven S.

    21 9 2017 19:01

    5       0

    Jim Rogers is dependable to stay on message. Jim is always short on American Hubris...which is refreshing to hear. IF only he was the voice of US Foreign Policy.....Humble and kind - too bad his warnings will not be heard in time.

  • jd

    john d.

    21 9 2017 18:48

    3       0

    Thanks for such a great interview Steve ... If the guys at RV could pass this on to you, I'd highly recommend Rowley Shoals, in the Indian Ocean, as an amazing dive location for your next adventure (national geographic quality). Cheers John.

  • RM

    Ronnie M.

    21 9 2017 17:50

    8       2

    It's interesting that the old guard (Howard Marks, Jim Rogers) doesn't fully appreciate the new world tech. With blockchain/cryptos, the Internet will add a layer of trust/value which can help not only with money (payments, remittance, store of value, cross border payments), but also with identity, M2M, shared computing, escrow, insurance, healthcare, prediction markets, voting, equity ownership, venture capital, etc... the "digitization of assets" (Martin Green). It will take decades and we need to get through this ICO insanity, but this is gonna be yuge!

  • MO

    Munachi O.

    21 9 2017 17:42

    2       0

    Among so many other insights, it appears that whenever he makes an equity investment he makes sure he's on the Board. A very wise decision in the emerging markets he operates in.

  • SB

    Sam B.

    21 9 2017 17:18

    7       0

    What makes Jim worth listening to isn't that he has so many new ideas, but that he beats the same things home and is always a good reminder to stay humble and think independently !

  • RA

    Robert A.

    21 9 2017 16:42

    3       0

    What I really like about RV TV is it's "Balance"....we get Red Meat, esoteric Red Meat and simple Wisdom in varying portions. Candidly, I have found little actionable Red Meat from Jim's interviews personally but never tire of the Wisdom. Hubris has ruined more good men than hard drugs or AIDS. Great job by the interviewer on this one, IMO.

  • kj

    kelly j.

    21 9 2017 15:20

    2       9

    this guy said NORTH KOREA WILL DISAPPEAR SOOON LOLTRIPPPPPPPY

  • JM

    Jared M.

    21 9 2017 14:37

    1       0

    Humble, simple, brilliant!

    It's no wonder why his returns are amazing

  • DY

    Damian Y.

    21 9 2017 12:34

    11       0

    Thanks Steve, you did a great job interviewing Jim, well done.
    Jim is the best.

  • TE

    Tito E.

    21 9 2017 10:55

    13       0

    Alot of Jim's interviews do sound similar but i always listen and always somehow come away with something. Concur with comment below about Diggle being a quality interviewer.

  • EL

    Edward L.

    21 9 2017 10:24

    11       1

    Jim is a brilliant pedagogue who reminds me of the millionaire farmer who wears torn jeans and drives an old car yet distributes wisdom in a completely self-effacing manner. Great interview..

  • JV

    Jason V.

    21 9 2017 07:35

    13       0

    The Sage of Singapore! That was an education. That was also a delight and privilege to watch. Having Steve interview Jim was a stroke of genius. Thank you gentlemen. Hats off to you both.

  • LA

    Linda A.

    21 9 2017 04:42

    9       0

    LOL- Jim's comment on his 1st wife being a mistake & SD not knowing how to respond to that. Great job SD as the interviewer! Love Jim Rogers- so down to earth, intelligent & humble. I am worried too as these central banks put the pedal to the metal. How is it that they were allowed to print trillions, give it to banks & lend it out & collect interest on it? Just criminal what they are able to get away with. Such disgust for these people- stealing from retirees, distorting mkts & ultimately it is us taxpayers once again who will suffer the dire consequences.

  • PS

    Patrick S.

    21 9 2017 03:14

    4       0

    he is a director in Spanish Mountain Gold SPA which has about 10m oz of gold in the ground... I guess that's one of many bets on gold.

  • PL

    Peter L.

    21 9 2017 02:11

    3       0

    One of the most insightful interviews yet. Thanks steve and jim!

  • TR

    Thomas R.

    21 9 2017 01:13

    3       0

    First of all – really appreciated the interview. The one question I have relates to timing and buying when “everyone” hates something. I’ll go to the comments on Gold and my interpretation of the comments to be that there perhaps needs to be a time when even the “true believers” get discouraged and sell and then that’s the time to buy. Unless there is some other rationale or formula I don’t know about, the only reason price on goes up on anything is there are more buyers than sellers and the only reason price goes down is there are more sellers than buyers. If that premise is true and buying when “everyone” hates something does conflict with the fact that in order for the price to go up there has to more buyers than sellers. If “everyone” hates something, then who is doing the buying? Isn’t the true measure of “hate” the financial media and the frenzy that gets created and literally not “everyone”? As noted in the interview, there does seem to be signs of distribution in the markets and lack of breadth on the upside, so some form of correction/downturn does appear to be eminent. It is just a question of timing. The major money in the market must enter and exit positions over time and not all at once. Isn’t that what we are starting to see? Isn’t distribution the basic signs of major money starting to take profits and re-allocate?

  • CB

    Clinton B.

    21 9 2017 00:41

    0       0

    Great to hear Jim.

  • JS

    John S.

    20 9 2017 22:52

    38       0

    Would like to see more Diggle as interviewer

  • HJ

    Harry J.

    20 9 2017 22:39

    3       2

    I share jims views so i go to cash and short term treas.
    How will that work out if his forcast of a major downturn playsout???
    Gold seems to be only place to peserve wealth that the gov cant take away

  • HU

    Henry U.

    20 9 2017 22:35

    8       0

    Jim is making making wonder about my first marriage which is still undergoing.

  • BS

    Bruce S.

    20 9 2017 20:30

    3       1

    Many, including me, are very concerned about the excessive market valuations. Getting "prepared" for
    the correction sounds simple but it means sacrificing returns and paying hedging costs. Clients do not like under performance! please tell me when we are the top . That's all I want to know.

  • SB

    Stewart B.

    20 9 2017 20:02

    3       0

    Great interview. He is so humble. I like his thoughts on agriculture and graphene.

  • RP

    Roberto P.

    20 9 2017 19:49

    7       4

    Nothing really new. Very similar to the last interview.

  • TM

    Thais M.

    20 9 2017 18:23

    2       0

    Love Love Love it. Thanks so much

  • SH

    Steve H.

    20 9 2017 16:54

    25       19

    Sorry, but I find his interviews/podcasts over the last several years useless. Same old, "Aw, shucks, I'm a horrible trader...lazy...I'll probably lose everything " comments. Same old comments regarding Russia, agriculture etc....Graphene? I've been reading about that for years now.

    IMO - Read his books if you want to know more about his knowledge.

  • RD

    Ryan D.

    20 9 2017 16:51

    10       1

    Thanks Realvision & Steve Diggle for the awesome access. Great to hear Mr. Rogers view and experienced perspective. Maybe Steve can get 'the young guy who works for him thats got this all figured out' on for a RV Think Piece.

  • rr

    rlw r.

    20 9 2017 16:22

    10       1

    Thanks Steve very well done, Jim seemed more relaxed perhaps moreso than other times. And to our benefit resulting in many great thought gems.

  • CM

    Chris M.

    20 9 2017 16:08

    7       0

    Love to hear ideas on best way to invest in agriculture outside of buying land. Fertilizer companies, commodity ETFs, etc?

  • AD

    Anton D.

    20 9 2017 15:57

    5       3

    Love Jim's commentary, but his 'changed Kremlin' thesis is dead wrong, in my opinion. Corrupt clique of Pres. making mega wealth (with few ways to legitimise it). Corp governance is a joke, banks are busting and getting nationalised, where is the good news, Propaganda Jim?

  • EF

    E F.

    20 9 2017 15:46

    7       0

    Glad to hear Jim mention stocks outside ETFs, Rick Rule has talked about big discounts in some mining stocks of that sort, in particular his targeting of the ones that are ready to "make it" into a large ETF should the sector grow. I get an odd feeling thinking that the pros will sell the big stocks to you at a premium but not take them off your hands until priced closer to the minor ones...

  • IH

    Iain H.

    20 9 2017 15:45

    11       1

    RV does it again, another cracking insight to a world class investor.

  • CM

    Chris M.

    20 9 2017 15:39

    7       0

    Always like to hear from Jim. He has a humble approach to markets and thinks long term.

  • FC

    Fractal C.

    20 9 2017 15:29

    4       0

    Jim, as of now, 68% of stocks in S & P are above their 50 day moving average. However, I do get your point about overall leadership of stocks being narrow in this bull run. Thank you

  • V!

    Volatimothy !.

    20 9 2017 15:27

    3       0

    RV could start a Jim Rogers channel and I'd be first in line. I always pick up ideas. People worry too much about a specific trades as opposed to the knowledge. Enough about gold! I didn't like how Jim threw Diggle a bone (in my opinion, when he said he owns things because others do), and he didn't bite.

  • GW

    Grant W.

    20 9 2017 15:19

    22       4

    An absolutely fantastic conversation brilliantly steered by Steve Diggle. Kudos to you both - thanks for your time and insight gentlemen

  • RM

    Richard M.

    20 9 2017 15:06

    2       0

    enjoy his candid realistic observations

  • MS

    Maxwell S.

    20 9 2017 14:58

    11       1

    Two highlights I took away are his pure independent thought process, and his knowledge of himself about his laziness.

  • TJ

    Terry J.

    20 9 2017 14:56

    14       0

    Always an absloute privilege to listen to the thoughts of this timeless investment legend! Delivered with humility, with some invaluable advice to all twenty six year olds, and the rest of us! Most interesting to hear his views on every key asset class, and especially on gold. A gem of an interview!

  • EH

    Eric H.

    20 9 2017 13:39

    16       0

    always great to get Jim on and learn from his years of experience!