Jim Rogers, Beyond Street Smart

Legendary investor Jim Rogers has a new book out. It’s called Street Smarts, it’s been out for a few months now, and it has largely passed unnoticed. 

When someone that smart and that successful writes a book and everyone ignores it, we should pay special notice.

I report on it from an article by Michael Campbell of Money Talks fame. (Via Maggie’s Farm)

Here’s an intriguing Rogers thought for those who think that the future merely repeats the past:

"You can take any year you want in history, then look at the world 15 years later and it is nothing, NOTHING, like it was before"

As an example in 1930, 40, 50 we had Depression, then War, followed by the beginning of suburban America. Just dramatic changes. "Nothing we know today, everything we think is true today is going to have changed 10, 15, 19 years from now. It always, always, always has been, and always will be."

"The world changed in the 1920's, 30's,as Capital moved from the UK to the US exacerbated by a financial crisis and mistakes made by the politicians. We have another change taking place in World History right now. This time Capital is moving from the largest Debtor Nations to the largest Creditor Nations in the world, which are China, Korea, Hong Kong, Taiwan, Singapore, Japan. 

"The assets are in Asia, you know who the debtors are. You just have to look out the window and you will see some of it."