#017 Jim Rogers: The Next Bear Market Will Be 'The Worst In My Lifetime'

Legendary investor and “adventure capitalist” Jim Rogers joins Julia La Roche on this episode for a wide-ranging conversation from the economy, markets, and investing to seeking adventure and lessons for younger generations. 

In this episode, Julia and Jim revisit his Guinness World Record adventures, including his motorcycle ride across six continents in the early 90s and his journey across 116 countries in a custom-made yellow Mercedes convertible at the turn of the century. 

In the conversation, Jim shares his views on the global macro economy and markets. The 79-year-old investor predicts that the next bear market will be “the worst” in his lifetime because of the explosion in debt. 

Elsewhere, Jim weighs in on debt, inflation, the U.S. dollar, Bitcoin, commodities, agriculture, and China. He also imparts lessons for the younger generations. 

0:00 Seeking adventure 

2:22 Lessons learned traveling the world 

4:30 How traveling shaped Rogers’ investing 

6:30 Alabama to Wall Street 

9:06 Working with Soros 

10:00 October 19, 1987 

12:15 Questioning everything 

16:20 Macro outlook 

18:15 “Worst bear market” in life 

20:30 Longer-term consequences of debt 

23:36 Outlook for the U.S. Dollar 

25:19 Prescriptions for the U.S. 

26:07 Thoughts on Bitcoin 

27:50 Protecting yourself from inflation 

30:00 View on agriculture 

31:48 Secular trends 

34:06 Investing opportunities 

35:50 Bond Bubble 

37:17 Short-selling 

40:25 China 

43:20 Lessons in life, investing 

49:00 Views on education 

52:40 Thoughts on the future of the world