“The most important lesson in life is… ” — Jim Rogers
Yesterday, about 50 of us on the FreedomFest Asian cruise heard famed financial guru Jim Rogers (“The Adventure Capitalist”) speak on his living in Singapore and your latest investment advice. Jim is an old friend who, as the former partner of George Soros, made millions of dollars in a joint hedge fund. Rogers traveled the world in the early 2000s as told in his book “Investment Biker.” My favorite book is “Street Smarts,” which can be ordered from Amazon.
Rogers and I have two things in common — we both have taught at Columbia Business School and we share the same birthday, Oct. 19. Thus, we are known as the “crash babies.”
Now he lives with his wife and two young children in Singapore, where they are learning Mandarin Chinese. Jim believes that just as the future belonged to the British in the 19th century and the Americans in the 20th century, so the Chinese will own the 21st century. But he still feels that the dollar is king and English is the language of international commerce. Yet he warns that the United States is in danger of being a Third World country in terms of infrastructure of education. The Asians are more advanced now than the United States (except in places like Thailand, Indonesia and the Philippines).
Read more about Jim Rogers’ position on the future of the global economy at Eagle Daily Investor.