Tuesday, June 3, 2008

Jim Rogers lives in Singapore

Jim Rogers lives in Singapore! Something new I learn everyday. Extracted the following from Wikipedia:

In Sep. 2007, Rogers sold his mansion in New York City for about 15 mln USD and moved to Singapore. This is due mainly in his belief that this is a ground breaking time for investment potential in Asian markets. Rogers' daughter is being tutored in Mandarin to prepare her for the future he says. "Moving to Singapore and Dubai now is like moving to New York City in 1908," he said. Also, he is quoted to say: "If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City and if you are smart in 2007 you move to Asia". In an CNBC interview with Maria Bartiromo broadcast on May 5th 2008, he said that people in Asia are extremely motivated and driven, and he wants to be in that type of environment to be himself motivated and driven. He said during that interview that, this is how America and Europe used to be. He chose not to move to Hong Kong or Shanghai due to the high levels of pollution causing potential health problems for his daughter

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