RICI Rogers commodity index cuts 2014 US crude weighting

Rogers International Commodity Index (RICI), managed by veteran investor Jim Rogers, will cut its weighting toward crude oil next year and raise exposure to natural gas, gold and silver, due to what Rogers termed "consumption changes". The shift in weightings of the RICI comes amid projections for higher US crude oil supplies in 2014, which some analysts say could further weigh on weakening prices. 

US natural gas production is also expected to rise next year, although gas prices have been trending higher lately due to cold weather in key consuming regions of the country. 

RICI's weighting for the West Texas Intermediate (WTI) crude, the benchmark grade for US oil, will be cut by 5 percent next year to 16 percent, according to Beeland Interests, Inc, the Rogers-controlled company that runs the index. 

Source: http://www.brecorder.com/fuel-a-energy/193/1259881/

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United Kingdom: Historic Perspective

"In 1918 the UK was the richest most powerful country in the world. Within three decades they will bankrupt and they were bailed out by the IMF…it was not a pretty sight." - in RT

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Marc Faber : In India you either get a Strong Currency and a weak Stock Market or a Weak Currency and the Strong Stock Market

It is true that the market in local currency is at the relatively elevated level, but not in the US dollar terms. In the US dollar terms, we are still down something like 40% from the peak a few years ago. So I always argue, in India what you get is either a strong currency and a weak stock market or a weak currency and the strong stock market because they adjust to each other. My feeling is that the market may still go up somewhat. I think compared to, say, Chinese .. 

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The Peter Schiff Show Tuesday 11/26/2013

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Warren Buffett calls Detroit land of 'huge potential'

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George Soros Invested in Dry Ships and Diana Shipping, but Should You?

George Soros' investment firm recently purchased 590,278 shares of DryShips and 77,942 shares of Diana Shipping . That comes out to a $1.8 million stake in DryShips and an $841,000 stake in Diana Shipping. Soros' firm currently manages right around $6.8 billion spread across 2,333 holdings, so these additions are a very small portion of the total portfolio. The firm also owns small positions in Navios Maritime Holdings and Navios Partners.

Whether it's Soros himself or his fund managers, it appears his company is making a small bet on the dry bulk shipping sector, with DryShips and Diana Shipping leading the pack. So just what would motivate Soros to invest in this sector?

Some history on Soros' motivations for speculating
Looking at Soros' biography in Money Masters of Our Time by John Train, Soros is known as a speculator by nature, with an ability to trade in and out of positions quickly using margin debt. His strategy revolves around three main points, according to Train:

1. Start small, and then if things work out, build the position bigger.
2. He doesn't need to know everything about a particular investment, just enough to have an edge on the market.
3. He has to correctly judge the risk inherent in a position the moment it's established. 

Source :http://www.dailyfinance.com/2013/11/26/george-soros-invested-in-dry-ships-and-diana-shipp/

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Jim Rogers : The Fed will self-destruct

Jim Rogers, “The Fed will self-destruct, before the politicians realize what is going on.”

Read more at : http://countingpips.com/forex-news/2013/11/fundamentals-rendered-irrelevant-fed-actions-probability-based-option-trading/

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Peter Schiff Debates Stefan Molyneux - Bitcoin vs. Gold: The Future of Money

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Marc Faber : The Fed can Buy the whole Stock Market

Be prepared for the next great transfer of wealth and the collapse of fiat currencies around the world. Buy physical silver and storable food.

Even if the market drops by 20 percent it is not cheap. The Fed could go into the market and buy the whole S&P500. They would have to borrow money or issue money but basically they can do it. It has happened before. In Hong Kong in 1997, the government came in and bought the stock market but at that time it was cheap.

Source: http://silveristhenew.com/2013/11/26/the-fed-can-buy-the-whole-stock-market/

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Ex-Soros Adviser’s Dalton China Fund Beat Peers With 25% Return

Nov. 25 (Bloomberg) -- The Dalton Greater China Fund, run by James Rosenwald III, a former adviser to funds linked to billionaireGeorge Soros, beat peers with a 25 percent return this year, an investor newsletter seen by Bloomberg News showed.

The $64 million fund outperformed the Eurekahedge Greater China Long-Short Equities Hedge Fund Index by almost 10 percentage points in the first 10 months. Bets on Taiwanese technology companies including Himax Technologies Inc. and Hong Kong-based property developers drove performance, Tony Hsu, Rosenwald’s Shanghai-based co-manager, said in an e-mailed response to Bloomberg News queries.

Read more at : http://www.sfgate.com/business/bloomberg/article/Ex-Soros-Adviser-s-Dalton-China-Fund-Beat-Peers-5008904.php

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George Soros gives $1 million to support Obama

(CBS News) Billionaire George Soros has donated $1 million to Priorities USA Action, a "super PAC" backing President Obama, a spokesperson for the group has confirmed to CBS News.

This is Soros' first donation to Priorities USA Action, though he announced$2 million in donations to two Democratic groups in May. He will also give another $500,000 to super PACs backing Democrats in Congress. Super PACs can raise and spend unlimited funds to influence elections, though they cannot legally coordinate with campaigns.
The New York Times, which first reported Soros' latest donations, reports that they were announced at a Thursday luncheon hosted by the Democracy Alliance, a liberal donor group, and headlined by former President Bill Clinton. The Times reported that others at the luncheon were expected to commit at least $10 million to Democratic super PACs.

Source :http://www.cbsnews.com/news/george-soros-gives-1-million-to-support-obama/

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Jim Rogers: Oil likely to fall

"Somewhere the OPEC will gather and say we have got to do something, because all of OPEC have not had great oil prices for a few years now. They have not cut back their spending and they are all spending a lot of money, so they need to keep the price up." - Money Control 

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China Economic Reforms have Slowed down

Q: The policy initiatives may look near perfect on paper, but no doubt the most challenging part will be implementation. What do you see as the biggest risk in implementation?

Jim Rogers : In the past few years, the momentum (for reform) in China has slowed because of vested interests and their fear of losing power. The new leadership now says let's move on and just do it. But it won't happen with a snap of the finger. - in Chinamoneypodcast

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Soros Increases Holdings in Teva to Most Since 2010

Soros Fund Management LLC, the family office of billionaire George Soros, increased its holdings in Teva Pharmaceutical Industries Ltd. (TEVA) to the most since 2010.

The firm, based in New York, raised its stake in Teva, the worst-performing pharmaceutical company in the U.S. in the past year, to 1.8 percent of its $7.75 billion U.S. stock portfolio in the third quarter, according to a filing with the U.S. Securities and Exchange Commission on Nov. 14. This would make it the largest allocation since the fourth quarter of 2010, according to data compiled by Bloomberg.

Teva fell to a two-year low on Nov. 4 after a rift over the company’s future with Chairman Phillip Frost led to the Oct. 30 resignation of Jeremy Levin, who was brought on board as chief executive officer less than 18 months before. Concern its best-selling product, the multiple-sclerosis injection Copaxone, will lose traction as it faces stronger competition is also weighing on the shares.

Source : http://www.bloomberg.com/news/2013-11-22/soros-increases-holding-in-teva-to-most-in-three-years.html

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Peter Schiff : While the Fed Talks Taper, China Prepares to Actually Do It!

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Warren Buffett : How to teach your kids about money

Do you think most parents do a good job teaching their kids about money? 

Most parents know how important it is to teach kids about money and managing it properly. There was a study many years ago questioning how to predict business success later in life. The answer to the study was the age you started your first business impacted how successful you were later in life. Teaching kids sound financial habits at an early age gives all kids the opportunity to be successful when they are an adult.

What do you think is the biggest mistake parents make when teaching their kids about money?

I think parents need to start teaching kids about the importance of managing money at an early age. Sometimes parents wait until their kids are in their teens before they start talking about managing money when they could be starting when their kids are in preschool.

What made you want to launch the Secret Millionaires Club? What do you hope kids get out of it?

Source: SMCkids.com

There are a number of educational programs out there, but there are not many programs that teach about Financial Literacy at an early age. Secret Millionaires Club can help kids develop the right habits that will serve them well for the rest of their life. If this program can have some effect on youngsters and help them develop better habits on money, it can have a major impact on their life when they are older.

Where did you learn about money?

My dad was my greatest inspiration. He was my hero when I was 6 and he is still my hero now. He is an inspiration to me in every way. What I learned at an early age from him was to have the right habits early. Savings was an important lesson he taught. I had all kinds of small businesses when I was growing up. When I was 6, I started my first business. I bought a six-pack of Coke for 25 cents and sold the cans for a nickel apiece. I also sold magazines and gum door to door.

What is the best lesson you've taught your own kids about money? 

I taught all of my kids the lessons taught in Secret Millionaires Club. They are simple lessons that are meant for business and for life.

Source: http://www.cnbc.com/id/101221055

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Jim Rogers : Mrs. Yellen thinks Printing Money is Good

But unfortunately they never have, and probably never will. Mr. Bernanke is certainly not going to stop it, because he doesn’t want to go down in history as causing the collapse. Mrs. Yellen, when she comes in, she’s not going to stop it, first of all she doesn’t believe in stopping it, she thinks printing money is good. And she knows – I hope she’s smart enough to know – that if she stops, oh my gosh, it’s going to collapse. So she’s not going to stop. Nobody wants to go down as causing the collapse of the world. So I’m afraid this is going to go on until the market eventually says to them, “Okay, enough is enough,” we have a big collapse and then they’re all thrown out and we can start over. 

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Bitcoin vs. Gold

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Marc Faber : The Debt Bubble is only getting bigger

 “I see a bubble in everything that relates to the financial sector,”Marc Faber the author of the Boom Gloom & Doom report told CNBC on Tuesday. He puts bonds, low-quality bonds and equities on the top of that list. “If you look at the financial sector as a percentage of the global economy, it’s very large. We have a huge debt bubble, and it’s only getting bigger. It’s not getting any smaller.”

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Jim Rogers: The One Lie That Will Bring Down America

"I don't trust the data from any government, including the U.S., Rogers said. "We know that governments lie to us. Everybody's printing money, but it cannot go on. This is all artificial."

But in reality, he says, "we're living in a fool's paradise."











Source: http://moneymorning.com/ob-article/jim-rogers-major-crash-ahead-2.php

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The Peter Schiff Show Tuesday 11/19/2013

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Superbear Marc Faber sees opportunities

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Jim Rogers: I'm Buying Chinese Stocks

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Source : http://www.chinamoneypodcast.com/

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Warren Buffett: Stocks in 'zone of reasonableness'

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Soros-Backed OneWest Said to Plan $1 Billion Dividend Before IPO

OneWest Bank FSB, the lender formerly known as IndyMac Bancorp Inc., plans to pay a $1 billion dividend to backers including George Soros and John Paulson ahead of an initial public offering next year, two people with knowledge of the matter said.

The payout, which regulators still have to approve, would return most of the money a group invested in OneWest as it acquired IndyMac from the Federal Deposit Insurance Corp. in 2009, said the people, who asked not to be identified because the plans are private. The dividend could also improve the Pasadena, California-based return on equity by trimming excess capital, the people said.

OneWest Chief Executive Officer Steve Mnuchin raised $1.55 billion to acquire IndyMac after the FDIC seized the subprime-mortgage lender in July 2008. OneWest returned at least $500 million to the investor group in a dividend paid in the fourth quarter, according to a letter that Paulson sent in January to investors in his firm, Paulson & Co. Dell Inc. founder Michael Dell and private-equity fund manager J. Christopher Flowers also own stakes in OneWest. 

Source :http://www.bloomberg.com/news/2013-11-18/soros-backed-onewest-said-to-plan-1-billion-dividend-before-ipo.html

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Peter Schiff : Dow will crash below 13,000

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MARC FABER : US Household Wealth Leans Over an Uneven Recovery

As H.L. Mencken opined, 'The most dangerous man to any government is the man who is able to think things out for himself, without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, and intolerable.'

It is no wonder that, according to a Gallup Poll conducted in early October, a record-low 14% of Americans thought that the country was headed in the right direction, down from 30% in September. That's the biggest single-month drop in the poll since the shutdown of 1990. Some 78% think the country is on the wrong track.

Some readers will, of course, ask what this expose about the political future has to do with investments. It has nothing to do with what the stock market will do tomorrow, the day after tomorrow, or in the next three months. But it has a lot to do with the future of the US (and other Western democracies where socio-political conditions are hardly any better). 

I have written about the consequences of a dysfunctional political system elsewhere. In May 2011 I explained how expansionary monetary policies had favoured what Joseph Stiglitz called 'the elite' at the expense of ordinary people by increasing the wealth and income of the 'one percent' far more than that of the majority of the American people.

Source: http://www.dailyreckoning.com.au/us-household-wealth-leans-over-an-uneven-recovery/2013/11/18/

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Jim Rogers : 21st century belongs to China

The 19th century may have belonged to England and the 20 century to the United States, but the 21st century belongs to China, says American investor Jim Rogers.
Rogers, the billionaire co-founder of the privately owned hedge fund Quantum, made the comments on Nov. 16 at an economic forum in Nanjing, the capital of east China's Jiangsu province, according to a report from the state-owned China News Service.
During his speech, Rogers said he has strong confidence in China's future development based on his personal experiences over the years. The 71-year-old said he has toured the world twice, the first time in 1990 when he visited more than 50 countries in nearly two years, and again in 1999 when he visited 116 countries over three years. He said he was certain that the 21st century would belong to Asia — and in particular, China — the first time he visited Nanjing in 1984, when China was undergoing reforms and opening up.

Source: http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20131118000021&cid=1202

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The Peter Schiff Show Thursday 11/14/2013

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Berkshire Hathaway takes $3.7 billion stake in Exxon Mobil

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George Soros' Top 10 New Stock Buys

After nearly four decades and achieving unprecedented returns for a 26-year stretch through his Quantum Fund, George Soroshas moved on to devote the majority of his time to philanthropic efforts. Though he closed his then-$25.5 billion Soros Fund Management LLC to outside investors in 2011 to avoid registering with the SEC, he still has a hand in its management of his and his family's wealth. 

In the third quarter, Soros' fund purchased 91 new stocks and at quarter end held a total of 232 stocks which have an aggregate fair value of $9.14 billion. The amount of turnover from the previous quarter was 24%. 

The recent performance of Soros' stock selections: 

Read more at :http://www.nasdaq.com/article/george-soros-top-10-new-stock-buys-cm301724#ixzz2ko6QVsxz

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Marc Faber : Capitalism is at the End

According to legendary investor Marc Faber, we already live in a financial economy in which the debt and capital markets exceed the value of the real economy by far. And that's befeuere the formation of bubbles. These bursts, the next time then this is the capitalist economic system as we know it bring to falter. (translated from German)







Read More at http://www.finanzen100.de/finanznachrichten/wirtschaft/der-kapitalismus-ist-am-ende_H1607313210_64498/

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Jim Rogers Interview with GoldSeek Radio - Nov 12, 2013

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Source: http://radio.goldseek.com/

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Soros-Backed Waypoint Wins $550 Million Helicopter Debt

Waypoint Leasing, a specialist in helicopter deals whose backers include Soros Fund Management LLC, reached an agreement for borrowing capacity of as much as $550 million to secure $1 billion in assets by the end of 2014.

Waypoint has transactions lined up to bring its fleet under management to 21 helicopters exceeding $300 million in value by the end of this year, Chief Executive Officer Ed Washecka said. The models, acquired largely through sale-leaseback agreements, include aircraft from Eurocopter SAS, Finmeccanica SpA (FNC)’s AgustaWestland unit and United Technologies Corp. (UTX)’s Sikorsky.

Waypoint raised $375 million in equity this year from MSD Capital, Cartesian Capital Group and Soros to help build up its Limerick, Ireland-based helicopter leasing arm and tap demand for models used in the oil and gas industry. The debt facility includes a five-year, $335 million revolving credit line that can be expanded to $550 million, the company said in a statement.

Source: http://www.bloomberg.com/news/2013-11-13/soros-backed-waypoint-wins-550-million-helicopter-debt.html

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Soros Takes a Stake in Microsoft

Soros Fund Management LLC purchased a significant new stake in Microsoft Corp.MSFT -0.35% in the quarter that ended Sept. 30, as the technology giant continues to search for a new chief executive amid a series of broad company changes.

The hedge fund, founded by billionaire investor George Soros, held firm its stake in nutrition company Herbalife Ltd.HLF +1.86%, but lowered its stakes in J.C. Penney Co.JCP +0.23% and Google Inc.GOOG +0.27% The fund raised its stake in Chevron Corp.CVX +0.39% and purchased a new stake of 1.6 million shares in FedEx Corp.FDX +0.85%

Mr. Soros’s apparent push into Microsoft comes on the heels of CEO Steve Ballmer announcing his sudden retirement in late August from the firm where he had worked for more than three decades. Mr. Ballmer and company founder Bill Gates had built Microsoft into a technology giant, but the company has found its overall influence weakened by rivals such as AppleAAPL +1.45% and Google. As of Sept. 30, Mr. Soros owned 12.6 million shares of Microsoft.

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Jim Rogers : Nobody ever Wins a Trade War or a Currency War

Well, the first thing you need to know is that nobody ever wins a trade war, a currency war, which is just another kind of trade war. Everybody loses in the end , some may temporarily come out ahead but it’s temporary if nothing else. As you have pointed out, the cost of living of many people is going up, and it certainly is, my gosh, in Japan you have a currency that’s down 25% in a year. Well I assure you the Japanese are feeling that because everything that Japan imports has gone up fairly substantially AND even the things that they don’t import are up because the Japanese manufacturers and the Japanese producers can raise prices because they don’t have to worry about
competing with the foreigners any more.“We’ve got to stop this, this is going to be bad.”
So we’re all losing in currency wars. How long can it go on? Well, it can go on as long as politicians can continue to print money. The problem is, of course, eventually the markets will just say, “We’re not going to play this game anymore” and we’ll have a serious collapse. You and I can print money all day long, but at some point, you, I and everybody else is going to say, “Wait a minute, guys, this money is getting worse and worse and more and more worthless, so why don’t we stop playing this game?” I wish the politicians were smart enough at some point to say, “We’ve got to stop this, this is going to be bad.”
But unfortunately they never have, and probably never will. Mr. Bernanke is certainly not going to stop it, because he doesn’t want to go down in history as causing the collapse. Mrs. Yellen, when she comes in, she’s not going to stop it, first of all she doesn’t believe in stopping it, she thinks printing money is good. And she knows – I hope she’s smart enough to know – that if she stops, oh my gosh, it’s going to collapse. So she’s not going to stop. Nobody wants to go down as causing the collapse of the world. So I’m afraid this is going to go on until the market eventually says to them, “Okay, enough is enough,” we have a big collapse and then they’re all thrown out and we can start over.

“Eventually they will try to cut [QE], it will finally cause the collapse, at that point we will have a big change, because they will throw them out, whether it’s the politicians or the central bankers or whoever.”

Source :http://www.mining.com/jim-rogers-in-depth-on-currency-qe-and-precious-metals-50649/

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Jim Rogers :Vulnerable Countries Indonesia, Turkey & India

The ones that are most vulnerable are the ones that have to borrow money in order to finance their balance of trade deficits. Indonesia is an example which comes to mind here in Asia. India has got the same problem, Turkey has the problem. Anyone who is using borrowed money to finance trade deficits are the ones that are going to get hit first.





Source : http://silveristhenew.com/2013/11/14/vulnerable-countries-indonesia-turkey-india/

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Dennis "The Commodities King" vs. Peter "Dr. Doom" Schiff

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Peter Schiff : Bitcoin Is Not Gold

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Buffett gets a boost with DISH

DISH Network Corp (NASDAQ:DISH). The stock rose +4.91 to $49.77 after presenting a great Q3 performance. Billionaire Julian Robertson holds purchased 443,000 shares (2.39% of his fund), acquired for $39.38 each last quarter. Another important investor with a position in DISH is Warren Buffett, who holds 547,000 shares, also acquired during last quarter for $39.38. The position represents 0.03% in Buffett’s portfolio.

Sources: http://www.valuewalk.com/2013/11/buffett-wins-dish-soros-loses-rackspace-thm/

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Soros Loses on Rackspace and THM

Today’s midday gainers are InterOil Corporation (NYSE:IOC), Western Refining, Inc. (NYSE:WNR), DISH Network Corp (NASDAQ:DISH) and midday losers are Sarepta Therapeutics Inc (NASDAQ:SRPT), Rackspace Hosting, Inc. (NYSE:RAX), International Tower Hill Mines Ltd (NYSEMKT:THM).

The stock with a major gain today is InterOil Corporation (NYSE:IOC). The energy company surged +21.44% ($81.42) after reporting solid Q3 earnings. Billionaire John Paulson holds 1.7 million IOC shares, representing 0.85% of his fund. The shareholder paid an average price of $66.64 per asset.

The second company with a great performance today is Western Refining, Inc. (NYSE:WNR). The petroleum firm is up +9.76% and now trading at $36.33 after an upgrade to a “buy” rating by Goldman Sachs. Last quarter, George Soros bought 310,000 shares (0.09% of his portfolio) for $30.87 each.

Sources: http://www.valuewalk.com/2013/11/buffett-wins-dish-soros-loses-rackspace-thm/

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Marc Faber : World dangerously awash in credit

 If we take total credit as a percentage of the economies of  the most advanced economies then total credit as a percent of the economies is now thirty percent higher than in 2007 when the last crisis occurred and say in China credit as a percent of the economy has been growing over the last four and half years by fifty percent  , this is unprecedented it is a gigantic credit bubble 

Source: http://www.bnn.ca/News/2013/11/13/More-global-credit-now-then-before-the-financial-crisis-Faber.aspx

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Jim Rogers: Change is Coming, so know to think against the crowd, the crowd is nearly always wrong

-“…if everybody says the sky is blue, I at least urge you to go and look out the window and see if it’s blue because I have found that most people won’t even bother to look out the window…”

-“…no matter what we all know today, it’s not going to be true in 10 or 15 years…”

-“Eventually the markets will just say, ‘We’re not going to play this game anymore’, and we’ll have a serious collapse.”

-“We’ve got to stop this, this is going to be bad."

-“Eventually they will try to cut [QE], it will finally cause the collapse, at that point we will have a big change, because they will throw them out, whether it’s the politicians or the central bankers or whoever.”

-“I’ve owned gold for many years, I’ve never sold any gold and I can’t imagine I ever will sell gold in my life because it is somewhat of an insurance policy.”

-“Everybody should own some precious metals as an insurance policy. So if they don’t have any right now, I would urge them to go buy something.”

Source : http://www.birchgold.com/jim-rogers-interview-qe-currency-gold-inflation/

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Peter Schiff On The Keiser Report

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Jim Rogers : This is Absolute Insanity , we are all going to pay the price for this madness

"It's not just the Fed, it's central banking. This is the first time in recorded history that all major central banks are printing a lot of money trying to debase their currencies. The world's floating around on a huge artificial sea of liquidity."


"it's going to dry up. And when it dries up, we're all going to pay the price for this madness. 

Source: http://www.moneynews.com/StreetTalk/Rogers-Fed-absolute-insanity/2013/11/11/id/536050

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George Soros Gets a Boost with ViroPharma Buy, Takes a Hit with Denbury

Today’s top gainer is biotechnology company ViroPharma Inc (NASDAQ:VPHM). The stock surprisingly shot up +25.50% to $49.42. According to Bloomberg, this is the result of health company Shire Plc (NYSE:SHP) reaching an agreement to buy ViroPharma for $4.2 billion. Billionaire George Soros acquired 50,000 shares (0.02% of his fund) for $26.29 each last quarter.

Read More: http://www.valuewalk.com/2013/11/soros-gets-boost-viropharma-buy-takes-hit-denbury/?utm_source=rss&utm_medium=rss&utm_campaign=soros-gets-boost-viropharma-buy-takes-hit-denbury

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Marc Faber: China could spark bigger crisis than 2008.

• An alarming credit boom in China could trigger a crisis that would make 2008 look mild in comparison
• China, in particular, has seen credit as a percentage of the economy jump 50% in the last four and a half years
• China has the “fastest credit growth you can image in the whole of Asia.”
• Faber warns that China isn’t the only problem area. Other Asian countries are also seeing big jumps in household debt.

Source: http://www.fxstreet.com/news/fxbeat/article.aspx?storyid=4ca31eb9-7e75-4f56-96f0-193f52776347

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Soros and Icahn Close Out the Week On Top

Today’s top gainer is Magnum Hunter Resources Corporation (NYSE:MHR). The energy company shot up +11.17% ($7.12) after presenting a better-than-expected Q3 earnings report. Billionaire George Soros acquired 250,000 shares for $3.27 last quarter. This position represents 0.01% of Soros’ portfolio.

The second company in our daily gainers list is The Gap, Inc. (NYSE:GPS). The clothing firm rose +8.68 to $41.03 on the heels of a report of solid Q3 earnings. Edward Lampert holds 10.3 million shares, which represent 14.47% of his fund, purchased at $19.49. Ray Dalio owns 82,000 shares (0.03% of his fund). The shareholder paid $33.56 per asset.

Last but not least is Icahn Enterprises L.P. (NASDAQ:IEP). The financial stock is up +8.69%, now trading at $119.85. Billionaire Carl Icahn holds 99.2 million shares, representing 33.56% of his fund. Each asset cost him $64.57.

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Jim Rogers: Central banks are making a terrible mistake

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