Last month, Investment Director Keith Fitz-Gerald of the financial site Money Morning interviewed legendary investor Jim Rogers. Yesterday, I talked about part one of the interview, which highlighted a worsening U.S. financial crisis. Part two was released on Money Morning earlier today, and the discussion focused on the long-term investment potential of China. Fitz-Gerald wrote:

“I have never sold any of my Chinese companies,” Rogers said. “You know, selling China in 2008 is like selling America in 1908. Sure, let’s say the market goes down another 40% - so what! You look back over 100 years, you look back from the beauty of 1928, or even 1938 [in the depths of the Great Depression], and there is somebody who bought shares in 1908. He was still a lot better off having not sold in 1908.”

You can read part two of the exchange between Fitz-Gerald and Rogers here.

Source:

“Exclusive Interview: Jim Rogers Continues to View China as the World’s Best Long-Term Profit Play” (Part Two)
Keith Fitz-Gerald
Money Morning, August 20, 2008

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