Jim Rogers: ” ... if you are smart in 2007 you move to Asia ...”

  • Avatar

    Posted: 12 October 2009 05:31 PM

    In December 2007, Rogers sold his mansion in New York City for about 16 million USD and moved to Singapore. Rogers claimed that he moved because now is a ground-breaking time for investment potential in Asian markets. Rogers’ first daughter is now being tutored in Mandarin to prepare her for the future. He is quoted as saying: “If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia.” In a CNBC interview with Maria Bartiromo broadcast on May 5, 2008, Rogers said that people in China are extremely motivated and driven, and he wants to be in that type of environment, so his daughters are motivated and driven. He also stated that this is how America and Europe used to be. He chose not to move to Chinese cities like Hong Kong or Shanghai due to the high levels of pollution causing potential health problems for his family; hence he chose Singapore. However, he is not fully bullish on all Asian nations, as he remains skeptical of India’s future and expects it to break up in the coming 30 to 40 years.

    Note: Extracted from wikipedia.

    Signature

    Stay Hungry. Stay Foolish.  - Steve Jobs

         
  • Avatar

    Posted: 12 October 2009 05:50 PM #1

    Mace - 12 October 2009 08:31 PM

    In December 2007, Rogers sold his mansion in New York City for about 16 million USD and moved to Singapore. Rogers claimed that he moved because now is a ground-breaking time for investment potential in Asian markets. Rogers’ first daughter is now being tutored in Mandarin to prepare her for the future. He is quoted as saying: “If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia.” In a CNBC interview with Maria Bartiromo broadcast on May 5, 2008, Rogers said that people in China are extremely motivated and driven, and he wants to be in that type of environment, so his daughters are motivated and driven. He also stated that this is how America and Europe used to be. He chose not to move to Chinese cities like Hong Kong or Shanghai due to the high levels of pollution causing potential health problems for his family; hence he chose Singapore. However, he is not fully bullish on all Asian nations, as he remains skeptical of India’s future and expects it to break up in the coming 30 to 40 years.

    Note: Extracted from wikipedia.

    I’m with that.

    Signature

    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

    For those who look, a flash allows one to see farther.

         
  • Avatar

    Posted: 12 October 2009 09:53 PM #2

    This on the subject.

            “American Graduates Flocking to China”

    First it was American companies, dollars, manufacturing facilities, technologies and future wealth being transferred to China in droves.  Now, according to The New York Times, it is the actual citizenry relocating to China.

    With the U.S. job market as bleak as it has been since perhaps the Great Depression, American graduates are increasingly flocking to Chinese cities such as Beijing and Shanghai in search of employment. 

    . . . . . . .

    While the unemployment rate is at a 26-year high of 9.5 percent nationally, the rate is much higher for those under the age of 25. During the second quarter of 2009, 17.3 percent of those under the age of 25 were unemployed. By comparison, over that same period of time, those ages 45 to 54 experienced an unemployment rate of just 6.9 percent.

    During the first quarter of 2009, young workers had an underemployment rate of 31.5 percent. Those ages 35 to 54 faced an underemployment rate of 13.5 percent over the same period of time.

    Well, everyone want the US to increase its exports to other nations. We’re not exporting the nations future.


    “Hope and Change, Hope and Change”

     


    :apple: