Posted by: Aaron Pressman on December 4, 2007
Despite the recent turmoil in Chinese equities, it’s worth thinking about the bigger picture. Legendary commodities investor Jim Rogers has a new book out, A Bull in China: Investing Profitably in the World’s Greatest Market, and it’s not hard to tell from the title where he stands. Bloomberg columnist Mark Gilbert has an excellent review up today, highlighting the highlights of Rogers’ arguments. Reduced to bumper-sticker slogans, Rogers main advice boils down to: “Get out of the dollar, teach your children Chinese, and buy commodities.”
Seems Rogers, who may be best known as the co-founder of the Quantum Fund with George Soros, is following his own advice pretty closely. Rogers has hired a Chinese nanny for his daughter, sold his fancy-pants New York townhouse and plans to move to Singapore, he tells Gilbert. Tis the season for gift giving and Rogers’ book sounds like a worthy purchase for any globally-minded investor on your list.
p.s. Rogers’ hardcover book is $18 at Amazon, but just $10 for your Kindle.