Blogging about the Markets, Economics and the World - The Unofficial Blog of The Legendary Investor
Thursday, 18 December 2014
Finance: It Has Always Worked This Way
When I went to Wall Street in the 60`s nobody went to Wall Street. In the 50`s, 60`S, and 70`s, Wall Street was not important. Then we had a big bull market for 30 years and it became extremely important. Everybody got an MBA and everyone wanted to go into finance. But that has happened many times in history.
In the beginning of the 20th century, for the first 30 years of the 20th century, finance, they were the kings, they ruled everything. Then we had the big collpase in the 30`s and it became disastrous again until the 80`s. It has always worked this way. - transcript from a recent interview
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
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