Jim Rogers bets on farm, shuns Wall Street

NEW YORK: Investor guru Jim Rogers says life on the farm will bring far more riches in coming years than the trenches of Wall Street.

Rogers, a commodities evangelist for more than a decade, has tweaked his pitch, saying the producers of the world whether individuals, companies or countries will become the new growth sector.

In short, Rogers told the Reuters 2011 Investment Outlook Summit in New York, being productive, saving the fruit of your labour and owning hard assets hold the keys to a bright future.

All these people who got MBAs made a mistake. The city of London and Wall Street are not going to be great places to be in the next two or three decades. It's going to be the people who produce real goods, he said