#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