Mar 13, 2022

Jim Rogers on Russian stocks

I am not sure why Putin is keeping this up...  I'm not sure why Washington hasn't said, why Ukraine hasn't said, "Ok, we're not going to join NATO.  We'll sign a treaty that we will not join NATO."  What do we care if Ukraine is part of NATO or not?  That would solve the problem and if that happens - no, of course for a while people are going to be angry at Russia, rightly or wrongly, it doesn't matter... - but that would mean that Russian stocks are very, very, very cheap.  Eventually, I presume, that people would be drinking tea with the Russians again and drinking vodka and having a good time with the Russians again.  I doubt if it [the war] will last forever.  We had a horrible war with the Germans and the Japanese...  Now they're our great friends.  So times change.  Peoples' attitudes change.  And if you buy something cheap you usually - if you have staying power - usually make money.

~ Jim Rogers, interview with Daniela Cambone, Stansberry Research, 17:00 mark, March 8, 2022





No comments: