To: Mohan Marette who wrote (1117 ) 1/18/1998 8:56:00 PM From: Jack Clarke Respond to of 9980
Mohan, >>Hey Jack, since you seem to be a fan of the 'Investment Biker' I guess I'm a fan of Jim Rogers, although I haven't read "Investment Biker". I was impressed with his interview some years ago in the book "Market Wizards" (I think), where he blasted everyone in sight. I guess I just like to see a contrarian. I have no idea whether or not he is as astute as he is supposed to be. In fact, I have come to think of him as CNBC's idea of Shakespearian "comic relief". First they put on Abby Cohen or anyone else representing the major brokerage houses (Mary Farrell comes to mind) and they tell us how attractive stocks are at these multiples, and why it's a new era, and why the old rules don't apply any more. These people get serious nods and comments from Bill Griffith or Ted David or Ron Insana. Then they trot out old Jim, extrovert bow tie and all, bait him with some questions,and then roll their eyes and make wry grins as he tells them what a bunch of idiots most of the analysts are. As I said, this is pure comic relief, and I'm really surprised that Rogers puts up with it. But I do respect him based on what he says. He was dead wrong about shorting the bonds a month or so ago and said as much. I think he's been bullish on commodities for a year or so. But in the current Barron's Roundtable, Mr. Rogers, in addition to his usual bombast, provides us with what appears to be a very well thought out list of long and short investments he recommends. The fact that he is being so specific makes me have even more respect for him. Also, CNBC seems to try to make him out to be such a fool, that I automatically want to side with him. All above FWIW, of course. Jack