Jim Rogers spoke as part of the series of the Phillip Investment Festival on 1 Sep 12. It is my first time seeing Jim speak live. Read on for my thoughts on the talk.
Commodities
As you would have expected, he has been bullish about agriculture, and his stand remains. He would go to say, “My statement about farmers driving Lamborghinis and stock brokers driving taxis stand”. I want to elaborate on agriculture. Interestingly, after Jim mentioned about disinterest in majority of people going to the farmlands, a lady said that she broke the convention by starting a farm management business 3 years ago. She was voicing the difficulties she faced in the business as it doesn’t seem to be lucrative given it being a low margin business. She was previously in diamond mining and she understand how lucrative the high margin business can be. Agricultural products, being a survival ......