Lionnoisy's favourite investor mention this;
-----------------------------------------------------------------------------------------------------------------------------------
http://www.reuters.com/article/fundsFundsNews/idUSSIN3390620080305
SINGAPORE, March 5 (Reuters) - Investment guru Jim Rogers
believes that U.S. bank stocks could fall further and predicts that
Singapore's state investors will
lose money on their multi-billion dollar investments in Citigroup
and Merrill Lynch.
"I'm shorting investment banks on Wall Street," the long-time
commodities bull told reporters on Wednesday at a launch event for
ABN AMRO certificates linked to commodities.
"It grieves
me to see what Singapore is doing. They are going to lose
money," he added, referring to investments by
Government of Singapore Investment Corp and Temasek [TEM.UL] in
Citigroup (C.N: Quote,
Profile,
Research), Switzerland's UBS (UBSN.VX: Quote,
Profile,
Research) and Merrill Lynch (MER.N:
Quote,
Profile,
Research).
Rogers, an American who co-founded the Quantum Fund with
billionaire George Soros in the 1970s, now lives in Singapore as he
wants to raise his four-year-old daughter in an environment where
she can learn Mandarin Chinese.
Rogers, who also writes investment books, said Wall Street had
to work off 10 years of excesses and predicted that losses linked
to risky mortgages will eventually spread to credit card bills,
student loans and other debt. (Reporting by Kevin Lim; Editing by
Jan Dahinten)