The Quantum Fund’s historical performance is most often associated with Co-Founder George Soros. The fund achieved an average annual return of 30% from 1970-2000.
Perhaps Soros’s most famous bet came against the pound in 1992 when it netted his fund about $1 billion in one trade, considered by some to be the greatest currency trade of all time.
However, Soros didn’t start the Quantum Fund alone. Instead, he founded it alongside another now-famous investor, Jim Rogers.
While Rogers left the fund in 1980 to “retire” and travel around the world on his motorcycle to search for international investment ideas, eventually turning his travel experiences into a best-selling book called “Investment Biker,” he continued to share his thoughts on the market.
Seemingly, the best thing he can say about stocks at the moment is that it’s not the right time to short them … yet.
In a recent interview, Rogers shared that the world essentially is in an everything bubble, telling Soar Financially, “Bonds are a bubble, property in many countries is a bubble, stocks are getting ready for a bubble.”
Even with his bearish conviction, he points out that he’s “not shorting yet because often at the end there’s a blowoff and things get really crazy.”
To play out his thesis as he waits for his planned short, Rogers is happy to sit in hard assets such as gold and silver, explaining “everybody should have some silver and gold under the bed.”
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