Jim Rogers graduated from Yale University and has a degree in philosophy, politics and economics from Oxford University. Jimmy Rogers became a Wall street legend when he and George Soros founded the Quantum Fund.After his career as a hedge fund manager and investor,Jim Rogers now periodically teaches finance at Columbia University, and appears regularly on the CNBC Cable Network.
Tuesday, April 1, 2014
This Is How People Make Money
My experience is that for most investors, they really should only invest
in what they themselves known a lot about. Anyone reading this knows a
lot about something, whether its cars or fashion, or who knows what.
Everybody reading this spends time reading magazines about something or
watching TV shows about something. In their spare time they are doing
something. That is where they should start because they already know
more about those things than I do, or Wall Street does.
When you find things where you already have a passion and interest you
are ahead of the rest of us and maybe you find some major change coming.
You are going to see it before I am, or anybody else does and then
start doing more homework about about the company or about the change
and that is how you make money. You will buy long before I do, you will
know when to sell it long before I will. That is how people make money.
Everybody wants a hot tip, everybody wants to jump into something but
the way to make money is to stay with what you know. You don`t need many
great ideas in order to be successful.
Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).