Tuesday, January 1, 2013

Rogers holds to China and chinese stocks

Jim Rogers is bullish on China but doesnt see a big bounce in 2013.

He says he’s bought Chinese shares only a few times over the past 13 years—in 1999, 2005, and 2008—and he’s not buying now. He isn’t selling, either.

His China strategy “is different from any other investment I have,” he says. Eventually his Chinese holdings will prove valuable, albeit most likely long after he’s left the scene. “My children, someday 50 to 80 years from now, will say, ‘He must have been a smart old man. Look at all this money we have from those shares.’ ”

Jim Rogers

Warren Buffett

Nouriel Roubini