Scrap your career plans for Wall Street, study mining and agriculture instead: Jim Rogers

The event's moderator began by quoting Rogers to himself:

"Scrap career plans for Wall Street or the City, London's financial district, and study agriculture and mining instead. Power is shifting again from financial centres to the producers of real goods. The place to be is in commodities: raw materials and natural resources."

After hearing the quotes, Rogers asked who had done the "homework" for the event, suggesting that they deserve a raise.

"We've had long periods in history when the financial types were in charge, then long periods when the producers of real goods were in charge, followed by the financial types again."

"In 1958, there were 5,000 MBAs produced in America, none in the rest of the world. Last year there were 200,000 MBAs in the US and tens of thousands in the rest of the world. So there's massive competition now in the financial area."

Read More: www.mining.com/trade-in-your-mba-for-a-farming-degree-jim-rogers-26827/