| We talked, in a taped telephone interview at | | | | he's now investing in.StockInterview: You |
| his home in Singapore, with Billionaire Jim | | | | began investing heavily in commodities, at |
| Rogers, legendary commodities trader, who | | | | very close to the bottom of the cycle. What |
| picked the bottom of the commodities bull | | | | led you to believe the commodities boom would |
| market in 1999. With George Soros, Jim Rogers | | | | begin in 1999?Jim Rogers: I could see that |
| co-founded the Quantum Fund in 1970.Over the | | | | nobody had been investing in productive |
| next decade, Quantum Fund grew by more than | | | | capacity in crude (oil) specifically. For |
| 3,300 percent. Rogers retired, later a guest | | | | instance, there had been virtually no |
| professor of finance at the Columbia | | | | offshore drilling rigs built since 1981. |
| University Graduate School of Business, and | | | | There had been virtually no offshore tugboats |
| still later circumnavigating the globe to | | | | built to service the offshore rigs since |
| firsthand discover new investment | | | | 1981. In the 1970s there were dozens of them |
| opportunities. He is widely and often quoted | | | | built every year. I could see that people had |
| in the media about his views on the | | | | cut back their exploration budgets |
| commodities market. Bestselling author, | | | | enormously. It was pretty clear that nobody |
| investment biker, adventure capitalist and | | | | had been investing for fifteen or twenty |
| widely followed, Jim Rogers talks about what | | | | year, in looking for new (oil) fields. |