Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
1. If you were smart at the start of the 19th
century, you made your way to London. If you were smart at the start of
the 20th century, you moved to New York. And if you are smart at the
start of the 21st century, you will find your way to Asia.
2. We are in a long secular bull market in
commodities worldwide. Like all bull markets, it will end in a bubble.
But the bull market still has several years to go.
3. It is good to lose money, to go broke at least
once, and preferably twice. But if you are going to do it, do it early
in your career. Do it early and it is not the end of the world. . . it
teaches you how much you do not know.
4. The way you become a successful investor is by
investing only in what you yourself have a wealth of knowledge about.
Everybody knows a lot about something. Cars, fashion, whatever it is. .
. just take a look at your daily life. Concentrate on what you know. . .
you will see a major change coming long before anybody on Wall Street
will.
5. Most successful investor do nothing most of the time. Do not confuse movement with action. Know when to sit and wait.
6. If I were to tell you that you could only make
twenty-five investments in your lifetime, chances are you would be
extremely careful about investing. Invest very rarely.
7. If you want to make a lot of money, resist
diversification. Brokers promote the motion that everybody should
diversity. But that is mainly to protect themselves. The way to get rich
is to find what is good, focus on it, and concentrate your resources
there.
8. New York is the economic and cultural capital of
what is now the largest debtor nation in the world, the largest debtor
nation in the history of the world. The world’s largest creditor nations
are in Asia. That is where the assets are. That is where the dynamism
and energy are.
9. Alan Greenspan’s greatest strengths were those of
a politician. The way capitalism is supposed to work is that when
people get in trouble, they fail. Smart, competent people come in, take
over the assets, reorganize, and start again from a sound base.
Greenspan’s way was to prop up failure. He and the politicians were
taking money from competent people, giving it to the incompetent people,
and telling the incompetent people, “Here, the government is on your
side. Now you can compete with the competent people with their money and
our support.”
10. I am dying to find a way to invest in both North
Korea and Myanmaar. The major changes in these two countries are among
the most exciting things I see right now, looking to the future. Another
think I am extremely bullish on for the next twenty or thirty years is
Chinese tourism. The Chinese have not been able to t ravel for decades,
and now they can. Both inside and outside the country, Chinese tourism
will explode
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
“In 1980, India was much, much more
successful than China. Since then, China’s run circles around them. Did
you do it to India, did I do it to India? No. The Indians did it to
themselves. [They’re] full of bureaucracy, full of crazy regulations and
controls. Their currency’s not convertible — it’s a mess."
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "