Interview: Jim Rogers, co-founder of Quantum Fund
The Big Saturday Interview
By Jim Rogers
January 21, 2005 5:00 PM ET
The following is an interview done by Dave Goodboy in conjunction with RealWorldTrading.com.
Jim started with humble beginnings and became one of the top money managers of all time.
Jim started in the markets in 1968 with just $600.00. In 1973, he was fortunate enough to meet George Soros with whom he started the Quantum Fund. Jim was the analyst at the fund with George being the trader. This partnership proved to be a super success with gains approaching 4000% while the SP 500 gained a measly 50%
His passion for investing has led to the creation of “The Rogers International Commodities Index” and matching fund. This fund has had the best performance record of any fund, regardless of class, over the last several years with returns approaching 170 %.
Jim: If I am correct, we are in one of many periodic bull markets in commodities and it is going to last another ten to twenty years and people should be aware of it.
Dave: How much capital do you have in your fund right now?
Jim: Several hundred million dollars.
Jim: We are up about 170% since 1998. It has outperformed everything in the world, every index in any asset class.
Jim: I would abolish the income tax. We don’t need the IRS and we don’t need an income tax. We should have a consumption tax. This would save billions of dollars on bureaucrats, tax lawyers, accountants.
TradingMarkets: The Big Saturday Interview