My Advice To Young People: Get Into Agriculture

My advice to young people would be to get into agriculture. If you want to make money over the next 20 years, agriculture is the way to go. If you don't want to be a farmer, buy the Lamborghini dealership or a restaurant in Iowa. Why? Because the farmers in Iowa are going to be very wealthy. And they will be able to afford Lamborghinis. Fewer and fewer people are producing more and more food for more and more of us. That's only going to get worse over the next 20 or 30 years. So if you're smart, put your money into anything related to agriculture

Keys To Success

Jim Rogers' Keys to Success (taken from the titles and sub headings of each chapter of the new book, "A Gift To My Children"): 1. Do not let others do your thinking for you 2. Focus on what you like 3. Good habits for life & investing 4. Common sense? not so common 5. Attention to details is what separates success from failure 6. Let the world be a part of your perspective 7. Learn philosophy & learn to think 8. Learn history 9. Learn languages (make sure Mandarin is one of them) 10. Understand your weaknesses & acknowledge your mistakes 11. Recognize change & embrace it 12. Look to the future 13. “Lady Luck smiles on those who continue their efforts” 14. Remember that nothing is really new 15. Know when not to do anything 16. Pay attention to what everybody else neglects 17. If anybody laughs at your idea view it as a sign of potential success

Myanmar: They Have Everything

It’s right between China and India, 60 million people, massive natural resources, agriculture. You could feed much of Asia, they have metals, they have energy, they have everything.

The Situation Is Getting Much Worse

Overall, the situation is getting much worse. They’re spending other peoples’ money, they’re printing money, so overall, I’d be very worried about 2013-2014, and maybe even later in 2012 if it becomes clear that 2013 is not going to be fun.

Election Year: The Economy Is Going To Look Better Than It Does Normally

Every time there's an election, the government spends as much money as it can to get votes. and the central bank prints as much money. so this year, the economy is going to look better than it does normally

Sugar Is Still 60 Percent Below It`s All Time High

What else do you know that is 60 percent below its all-time high?

If I Were Buying Anything I’d Be Buying Agricultural Commodities

If I were buying anything I’d be buying agricultural commodities. Going forward we’re going to have huge shortages of everything – including farmers – I think ag will be a great place for the next 10-20 years.