Visit To Sri Lanka: "Bullish On Sri Lanka"

Well-known investor Jim Rogers, who founded the Quantum Fund with billionaire investor George Soros, was in Sri Lanka last week on a ‘quiet’ 3-day trip which included meetings with top government officials, the Sunday Times FT reliably understands.

He met several government officials during a hitherto-unannounced visit. “Yes, he was here and told me – during a long conversation – that he is very bullish on Sri Lanka,” one official, who declined to be named, told the Sunday Times FT. News of Mr Rogers’ visit is certain to stimulate the Colombo stockmarket which has not picked up as much as most investors expect.

The 67 year-old investor, frequently quoted in recent times in international news wires about Sri Lanka being a good investment following the end of the war, also visited Kandy during the low-key trip. There was no information as to whether he met with corporate heads and private sector officials.

in The Sunday Times

Rapid Fire: Quiz On Investment Opportunities

Rapid fire, a quick investment opportunities quiz interview with Jim Rogers.

transcript:

Gold Or Silver?

Both. I would rather buy silver today, but I own both and I am not selling either.

Sugar Or Crude Oil?

I think I would buy sugar today if I had to buy something. You know, sugar is a way to buy crude oil and if the price of crude remains high more people are going to burn it into ethanol to put in the fuel tanks. So sugar is actually a way to buy oil, a cheaper way maybe. A cheaper way still would be to buy cotton because as everybody plants maize or corn to turn into ethanol, there won`t be much land devoted to cotton farming. A good way to buy oil is to buy cotton.

The Yen or the Swiss Franc?

I would buy the yen today.

Investment Opportunies, Sri Lanka

"I have seen that when a long war like this ends, there rise enormous opportunities for investment." Jim Rogers, Forbes Magazine, August 21

Chinese Are Desperate To Buy Commodities

"Jim Rogers says the Chinese are desperate to increase their holdings in oil and other industrial commodities like copper and nickel, and that they're buying up as much as they possibly can from around the world.

China is on pace to spend more than $40 billion this year on the purchase of foreign commodities, a dramatic increase of 48% over such purchases in 2008, as it attempts to reduce its staggering $2.1 trillion in currency reserves.

China bought a record volume of oil in July, according to figures released this week." in The Daily Crux

Economic Indicators: Taxi Drivers And Prostitutes

"Rather than the hard data that goes into a spreadsheet, informal indicators can sometimes hint at trends before the "official data" comes out. Jim Rogers noted on one of his around-the-world trips that he preferred information from taxi drivers and prostitutes as opposed to government officials." in Minyanville.com

Video Interview: August 2009

Latest Jim Rogers TV interview.

Video 1: Chinese Stock Market

Video 2: Topics - Sugar, Commodities, Biofuel

"I Periodically Buy Some Gold"

"If it goes down I'll buy some more, and if it goes up I'll buy some more. I periodically buy some gold. I don't have a method to it. I just buy it." in Commodity Online

Chinese Stock Market

"The chinese stock market has doubled over the last 9 or 10 months and I don`t like to jump to a train that is moving that fast. So, I am not getting involved."

Sugar Is Certainly Going Much, Much Higher During The Course OF The Bull Market

"There are 3 billion people in Asia who are trying to get a better life. People consume more sugar. People like sweets. Sugar is certainly going to go much, much higher during the course of the bull market", Jim Rogers, USA Today

China Water Problem.

"China has a huge water problem. In Northern China, they're running out of water. They know this and they're working on it, big time. But if they don't solve it or if they don't solve it in time, then China - as you put it - has failed." Money Morning

"The Chinese Don’t Have Enough Oil"

“The Chinese don’t have enough nickel, don’t have enough oil, and they don’t have enough copper. There’s a crisis coming. They are going around the world buying up what they can. They’re preparing for a rainy day.” Jim Rogers, Bloomberg

"Sugar Has A Wonderful Future"

“Sugar is certainly going to go much, much higher during the course of the bull market. Sugar is still 70% below its all-time high, and not many things in life are 70% below what they were in 1974. Sugar has a wonderful future.”

Jim Rogers On Sri Lanka

“When you spend a lot of money on bullets, you don’t get much return. If governments can spend money on infrastructure and developing productive assets, then Sri Lanka’s strengths will become even stronger given that the war is over.” Bloomberg, August 11

Latest Video Interview: August 2009

Latest Jim Rogers video, August 2009.

"Sugar Is Going Much Higher"

“Sugar is certainly going to go much, much higher during the course of the bull market. Sugar is still 70 percent below its all-time high and not many things in life are 70 percent below what they were in 1974. Sugar has a wonderful future.” Jim Rogers, Bloomberg, August

"If Everybody Is Investing In Something, You Know As Well As I Do, It Is Not Cheap"

"Frequently, I do try to find things that are cheap. Normally if something is cheap, it is because it is in the dustbin; people are not looking at it. If everybody is looking at something or if everybody is investing in something, you know as well as I do, it is not cheap." in Bloomberg TV, July

"Farmland Is Going To Be One Of The Best Investments Of Our Time"

"I'm convinced that farmland is going to be one of the best investments of our time" Jim Rogers in ContrarianProfits

Don’t Think That Good News Means Good Stock Market

"Let’s look at China. The Chinese economy has boomed for quite some time. But between 2001 and 2005, the Chinese stock market went down every year for four years in a row, even though the economy was going through the roof. So, just because an economy is strong doesn’t mean you can have a good stock market, and just because an economy is weak – they don’t necessarily go together. In the long-term of course there is some correlation. But don’t think that good news means good stock market." Jim Rogers, Bloomberg TV

"I Don`t See Much To Buy"

"I have no shorts for one of the first times in my life. On the other hand I don't see much to buy.

I do try to find things that are cheap. Normally if something is cheap, it is because it is in the dustbin. People are not looking at it. If everybody is looking at something or if everybody is investing in something, you know as well as I do that it is not cheap." Jim Rogers