Jim Rogers on No Prediction
I caught an interview excerpt the other day:
Dave Goodboy: Do you use technical analysis at all?
Jim Rogers: No, its pretty simple just figuring out what is going on in the world. I try to find things that are cheap and invest in them if I see some positive change coming. I don’t understand the charts. Don’t misunderstand me, I do look at the charts, but I only look at a simple long-term chart to see what has happened over the last 15 years or so, not to tell me what is going to happen in the future. For example, if I am looking at sugar, I want to know the high, the low, when, why, and things like that. I look at the charts to educate me, rather than a predicting tool.
Rogers, who has said that he is not a trend follower to me, sure sounds very similar with his non-prediction stance.
