Fortune Telling Collection - Free divination - What does Rogers do?

What does Rogers do?

Jim rogers is a man of the hour in modern Wall Street, and is considered as one of the most far-sighted international investors and the most successful practitioners in American securities industry. He graduated from Yale University and Oxford University and started his investment management career. 1970 and Soros * * * founded the Quantum Fund. The average annual rate of return of quantum funds has exceeded 50% for ten consecutive years. 1980, 37-year-old Rogers withdrew from the Quantum Fund, and he accumulated tens of millions of dollars for himself. After 1980, Rogers started his investment career. It has become one of the largest investors in the world.

1999 opened an account in Shanghai Stock Exchange.

No one knows what jim rogers's judgment is based on. In May, 2004, he predicted that the China stock market would fall to the bottom within four to 16 months, and the stock index would fall to the lowest point after 13 months.

The stock market is so hot that it is his seventh visit to China since 1988.

Rogers, known as the golden eye of Wall Street, is a world-class investor on par with Soros and Buffett. A few days ago, CCTV's economic half-hour column reported his interview after he arrived in Beijing.

Rogers: 2 1 century is the century of China.

(At Beijing Capital International Airport, when the reporter met jim rogers, he had just experienced more than 10 hours flight from Stockholm to Beijing. When he got off the flight of Air China, the first question he asked reporters at the age of 65 was about the China stock market. )

Rogers: "I want to see the stock price chart of Air China."

Reporter: "Of course, but, Mr. Rogers, I suggest you have a rest."

Rogers: "No, Air China is near the airport. I don't have to go into the city to look back, let's take a look now. "

Reporter: "Why are you interested in Air China?"

Rogers: "I hold a large number of shares in China International Airlines, and it is a majority share in China Airlines. In the next three years, aviation will be a good opportunity for investors. China International Airlines is the largest and most important airline. It has had some problems in the past, so I want to investigate and decide whether to buy more, sell or do nothing. "

To buy or sell is a question. The share price of China Airlines soared in the second half of 2006. Take Air China as an example, but in half a year, the price of A shares rose from 2.98 yuan to 8.07 yuan. In order to welcome this distinguished guest with sharp eyes, Li Jiaxiang, president of international airlines, personally met with Mr. Rogers. As soon as he saw Li Jiaxiang, Rogers unceremoniously threw out the problems that Air China is currently paying attention to. )

Rogers: "I want to know something about jet fuel." Are you hedging because of the skyrocketing jet fuel? "

Li Jiaxiang: "Air China is the only airline in China that hedges jet fuel."

Rogers: "But now that the oil price has fallen, you can't make a profit by hedging."

(Air China hedged 39% of jet fuel. When the price of jet fuel soared in the first half of 2006, Air China was able to buy jet fuel at a lower price, which greatly saved the cost. However, the current drop in international oil prices may make the cost of jet fuel exceed the market price. However, Li Jiaxiang answered this question confidently. )

Li Jiaxiang: "Our current hedging price may be lower than the current market price."

(Then, Rogers visited the pilot training simulation plane and maintenance hangar jointly built by China International Airlines and Lufthansa. Although Li Jiaxiang answered the question, Mr. Rogers beat around the bush about Li Jiaxiang's question. )

Li Jiaxiang: "I want to ask you, how many shares of Air China did you buy?"

Rogers: "I have shares in China International Airlines, and I am very happy because I have bought them for six months to a year, or longer."

Li Jiaxiang: "You are afraid that I know how much money you have earned."

In just half an hour's inspection, Rogers has been trying to find out the possible problems of Air China. )

Rogers: "How long have you been chairman?"

Li Jiaxiang: "Six years."

Rogers: "Did you leave the Air Force and go to Air China?"

Li Jiaxiang: "Yes."

Reporter: "I noticed that you just asked the President a question about his relevant background. Why do you ask him such a question? "

Rogers: "In the past, Air China always belonged to ZF, and ZF usually participated in many controls. A person gets a position not because he is clever, but because he knows any key people. I want to make sure that he knows what he is doing and how to do a good job in the aviation industry. If he is just a bureaucrat who knows key people, it will be bad, but he knows the aviation industry very well. "

Reporter: "What's your conclusion about Air China after the visit?"

Rogers: "I will buy more. I will buy more shares of other China airlines."

(However, in the last six months, the average increase of domestic aviation stocks has exceeded 100%. )

Reporter: "In fact, the increase of aviation stocks is quite large. Can I still buy it now? "

Rogers: "I don't buy it at this stage. As you said, they have gone up a lot, especially in the past few months. I want to wait until something happens and let the stock fall before buying. These may be market factors or oil prices, or other factors. I don't know. By then, I will buy more. By the way, China's travel will increase greatly in the next ten or twenty years, so I am very optimistic about aviation stocks, not only China, but also other factors. "

Rogers tried to "do his homework" for stock trading.

(Among the things that Mr. Rogers carries with him, there are several bankbooks and financial cards, all of which are RMB accounts opened by himself in Rogers, China. As an ordinary customer, he wants to experience the relationship between the service and efficiency of the bank and the rapidly rising stock price. )

Reporter: "Because you have confidence in the RMB?"

Rogers: "Yes, we don't sell RMB. The renminbi is much better than the dollar. "

Reporter: "Because it is the most stable."

Rogers: "It is the most powerful and influential currency in the world and will continue to be so. The dollar is depreciating while the RMB is appreciating. Don't buy dollars, buy RMB. " (Rogers comes to a bank. )

Rogers: "I have a bank account. I want to print out the interest first. "

Staff: "This is an account opened in Shanghai. I can't print the balance, but I can find the balance because I can't print the passbook in a different place. "

Rogers: "That's not the case. A good bank should not be like this. You see, this is the same bank, and I am also the same person. The computer is networked, but I can't print for the same account? I want to go to Shanghai to print bank interest, is it strange? "

Reporter: "The passbook account in different places cannot be normal."

Rogers: "How normal? Not at all. If I have an account with Citibank, I can print in the United States, new york, Chicago or San Francisco, as long as it is the same account. " Mr. Rogers was a little surprised at the result, so he went to two other banks to try again, and both banks let him down. Mr. Rogers believes that China Bank did not introduce and apply relevant technical means in time to provide better services to its customers, which shows that there is still a considerable gap between banks in China and world-class banks in terms of management and service awareness. )

Reporter: "How do you evaluate the value of banking stocks?"

Rogers: "Like other industries, the evaluation of banking stocks is nothing special. Mainly depends on the company's profit, finance, balance sheet, development prospects and profitability. If a company has good profitability, balance sheet and good precedent, you can buy this stock, but you should not pay too high a price. I won't buy ICBC shares at the moment, it has gone up a lot. This time is already too expensive. " I don't think Citi is that good. I have sold the shares of Citigroup, but at this time, ICBC is already too expensive, and it has gone up a lot. It needs to wait for the stock price to fall and the market to cool down. "

Rogers: Master of Stock Market Divination

(At two o'clock in the afternoon, Rogers appeared in the Yuetan Sales Department of Galaxy Securities. He opened a securities account for his wife and daughter here two years ago. An old lady once got his advice. She was the first to recognize Mr. Rogers. )

Shareholders: "At that time, you told me in front of many people that the China stock market would not rise until it fell to 1000. As a result, it rose by more than 900 points. You make me admire. "

Shareholders: "Do you want to follow QFII? Which one should foreign investment banks go or see?"

Rogers: "China investors have more and more information and knowledge about what is happening, but I don't think they have become more mature, because the market is now in such a rising stage, and everyone is buying stocks hysterically anyway. This phenomenon is not unique to the China market, nor is it unique to the world market. Sometimes the stock market keeps going up and people just buy. This is actually a dangerous market stage. "

(Rogers wants to talk with some investment institutions and investor representatives in Beijing this time, which is full of gunpowder. )

Shareholder Representative: "You think there is risk now, but I don't think there is much risk now."

Rogers: "You said the market is risk-free. Please tell me which risk-free stock to buy. I have invested for over 40 years. I think I'm in danger at any time. Please tell me the stocks of industries and companies without risks. "

Shareholder: "My market is very healthy."

Rogers: "then please tell me which one is risk-free, please tell me, and so on." At the lowest time, 3 yuan, now 6.7 yuan, you say it is risk-free? "

Shareholder: "No."

ROGER: "At present, 50,000 new stock accounts are opened every day in China. When I went to Galaxy Securities, I saw many people crowded together. This is not a sign that a person takes mature action, but actually the action taken by people in the bubble stage. People must be very careful when the market is in such a hysterical state. Maybe they shouldn't buy anything, so I didn't buy anything, but I didn't sell it either. I'm not saying that the market can't continue to rise. I just said that I wouldn't invest or buy stocks in such a market environment. I have invested all over the world for a long time. I have seen many signs of danger. This is a dangerous signal. I am very optimistic and excited about the situation in China before, but I can tell you now that the market should not be like this. "

Reporter: "How long will the bull market last?"

Rogers: "There are two things that can stop a bull market. First, your ZF has taken effective measures to cool the market, otherwise the bubble will burst when the market rises to a very, very high level. We hope that the market will not be like this. We hope to cool down before rising, which will be better. I wonder how long the bull market can last. I hope I know. " (Source: CCTV "Economic Half-hour")