April 14, 2008
Forgetting the Lessons Learned about Leverage
Light-Years Ahead of the Crowd: Interview With James B. Rogers, Private Investor
Rogers doesn’t say anything new in this interview, but here are some selected excerpts:
“If I’m right, the best skill I can give [my two baby girls] is to be completely fluent in Mandarin … Perhaps the safest investment is the renminbi, the Chinese currency. I don’t see how the renminbi should not go up against the dollar, anyway, for the next several decades. Commodities, of course, are a great way to invest in China.
There are some industries in China that are going to do well, no matter what happens to the world economy — water treatment, for instance. Agriculture. Power generation. Another growing industry is tourism; the Chinese have not been able to travel for some 300 years, for a variety of reasons.”