“I was not short very long – I unwound them two or three weeks later. I have no shorts for one of the few times in my life. Why? The market collapsed. You’re supposed to buy low and sell high – I hope your mother taught you that.”- Jim Rogers

With Jim Rogers, the more things change, the more they stay the same.

Mr. Rogers, the legendary investor, commodities guru and co-founder (with George Soros) of the Quantum Fund, has changed his tune from six months ago, when he was short-selling the market and complaining that slow-moving government policy makers “don’t know what they’re doing.” He recently announced that he unwound all those shorts (bearish bets that profit when prices decline) in the wake of massive global injections of government stimulus money and a bottoming-and-rebound in the world’s financial markets.

In fact, like a lot of investors, Mr. Rogers is even feeling confident enough to take on some new long positions. In what, you ask? Commodities. Even after a year of tumultuous and seemingly market-redefining ups and downs, the original commodity bull is still riding the horse he came in on.

Click here for the complete Jim Rogers Globe and Mail Interview

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