AsianFin -- Jim Rogers, the legendary co-founder of the Quantum Fund, recently revealed that he has sold all of his U.S. stocks, citing deep concerns about the current state of the market.

Rogers, now 82 and based in Singapore, is known for his adventurous spirit and deep research-driven approach to investing. He was one of the earliest foreign investors to back China in a big way, opening a B-share account in Shanghai in 1999 and purchasing Chinese equities at a fraction of their later value.

His long-time emphasis on fundamental analysis and major structural shifts has influenced many in the investment world, including U.S. Treasury Secretary Scott Bessent, who worked as an analyst in Rogers’ family office while at Yale. Bessent has described Rogers as an obsessive researcher, constantly digging for trends others might miss.

In the recent discussion, Rogers is said to have voiced strong reservations about the direction of U.S. markets, suggesting they were nearing the end of a prolonged boom. He appeared especially concerned about rising debt levels, the return of protectionist policies like tariffs, and the broader mood of speculation gripping global investors.

He also reportedly touched on China’s long-term prospects, the growing influence of India, and shared a few candid remarks about Warren Buffett’s future at Berkshire Hathaway.

In a separate interview, Rogers reportedly criticized U.S. tariff policies under Donald Trump in harsh terms, calling them misguided and damaging.

Currently, Rogers is believed to be holding substantial amounts of cash, gold, and silver. When asked about how to navigate the current investment landscape, he quipped that the best strategy might be to “go to the beach”—a wry suggestion to stay cautious and avoid unnecessary risks amid a potentially overheated market.