The investing legend, called the Indian Jones of finance - Jim Rogers, made $100s of millions & was up 4,200% during a bear market…
Here’s how he told me he's investing today:
Here’s how he told me he's investing today:
Jim is a Wall St legend.
He’s worth 100’s of millions of dollars
He cofounded the Quantum Fund w/ George Soros.
He traveled the world investing on a motorcycle...
He’s worth 100’s of millions of dollars
He cofounded the Quantum Fund w/ George Soros.
He traveled the world investing on a motorcycle...
After he co-founded the Quantum Fund w/ George Soros in 1973 — in the middle of a terrible bear market, he returned 4,200%.
He then closed his fund to explore the world at the height of his fame in this bad boy....
He then closed his fund to explore the world at the height of his fame in this bad boy....
I first found out about Jim when he wrote two of my favorite books of all time Investment Biker and Adventure Capitalist.
He helped me think about my 1st business in Latin America... and how to do business in China.
He’s why I built it.
He helped me think about my 1st business in Latin America... and how to do business in China.
He’s why I built it.
In today’s world where everything looks priced at all-time highs, and risk is all around here are the:
7 lessons I took from our call
3 areas he’s investing in to protect against inflation
He's a voice outside the narrative. I hope you'll learn from him like I always do.
7 lessons I took from our call
3 areas he’s investing in to protect against inflation
He's a voice outside the narrative. I hope you'll learn from him like I always do.
“Contrarian is a word that people apply to me, but I never thought of myself that way."
"I try to find things that are cheap but have upside. Some people call that Contrarian I just call that investing."
In today’s world it'd serve you well.
"I try to find things that are cheap but have upside. Some people call that Contrarian I just call that investing."
In today’s world it'd serve you well.
Personal Bias Removal
“I better not invest in what I want, I’d better instead invest in what is happening in the world. Otherwise, I’ll be broke. Dead broke.”
So you have to ask yourself, are you sure what your buying is worth the price today? Or do you just want it to be?
“I better not invest in what I want, I’d better instead invest in what is happening in the world. Otherwise, I’ll be broke. Dead broke.”
So you have to ask yourself, are you sure what your buying is worth the price today? Or do you just want it to be?
Facts > Feelings in Investing.
On economists: “Most of the time when I listen to other people, I lose money. I have to do the work myself.”
"Why has he done so well when the market plummeted?" He touts apparently, not listening to others very well
On economists: “Most of the time when I listen to other people, I lose money. I have to do the work myself.”
"Why has he done so well when the market plummeted?" He touts apparently, not listening to others very well
Find Your Own Sound
“You must think for yourself... very hard to do. That is really the only way to be successful at anything.
If you follow the crowd as a musician, without your own sound you probably won't’ do very well.”
Same with markets.
“You must think for yourself... very hard to do. That is really the only way to be successful at anything.
If you follow the crowd as a musician, without your own sound you probably won't’ do very well.”
Same with markets.
Hated Market Theory
He invested in Russia when the market hated it.
He was ridiculed and told he’d lose all his money, which lead to a triple-digit win for him and his investors.
"Hate is sometimes better than love in investing."
He invested in Russia when the market hated it.
He was ridiculed and told he’d lose all his money, which lead to a triple-digit win for him and his investors.
"Hate is sometimes better than love in investing."
Early Is Better than Late
“One of my problems is I’m always early. I’m the world’s worst trader or market timer. I realized that not everyone knows what I know.”
On Market timing, don't kid yourself, it's hard.
“One of my problems is I’m always early. I’m the world’s worst trader or market timer. I realized that not everyone knows what I know.”
On Market timing, don't kid yourself, it's hard.
New Markets Reward Patience
He started touting China in 2008 very publicly.
He got a lot of negative feedback for that and yet that trade would be up 129-300% depending on how you invested.
He started touting China in 2008 very publicly.
He got a lot of negative feedback for that and yet that trade would be up 129-300% depending on how you invested.
If it works just name it
He’s lived in Hong Kong and worked in communist China for decades,
A communist party member said to him once, “Here in China even if it’s capitalism, if it works, we just call it communism and keep going.”
He’s lived in Hong Kong and worked in communist China for decades,
A communist party member said to him once, “Here in China even if it’s capitalism, if it works, we just call it communism and keep going.”
Rosy Glasses Fallacy
Just because the world has progressed forward doesn’t mean it can’t revert back.
He believes, “The next bear market will be the worst in my lifetime.”
Just because the world has progressed forward doesn’t mean it can’t revert back.
He believes, “The next bear market will be the worst in my lifetime.”
If the next bear market will be inevitable and harsh, here are the three things he’s investing in to protect against rising costs and losing money.
Silver
Alll-time high for silver is $50oz; now it’s $23. He thinks it’ll climb back up as a hedge against interest rates.
WHILE being widely used as an industrial medal (unlike gold).
Ie silver is needed in solar, so two birds one stone.
Alll-time high for silver is $50oz; now it’s $23. He thinks it’ll climb back up as a hedge against interest rates.
WHILE being widely used as an industrial medal (unlike gold).
Ie silver is needed in solar, so two birds one stone.
Copper
Copper hit new heights in 2021 but Jim thinks it’ll keep rising. Why? Electric vehicles.
EV’s use 4x more copper than gas cars.
If they’re just getting started, demand will grow.
Copper hit new heights in 2021 but Jim thinks it’ll keep rising. Why? Electric vehicles.
EV’s use 4x more copper than gas cars.
If they’re just getting started, demand will grow.
Agriculture
He likes commodities like corn and sugar, but now he’s into farmland.
Supply constraints, lack of correlation to historical stock market and maybe even higher risk-adjusted returns.
He likes commodities like corn and sugar, but now he’s into farmland.
Supply constraints, lack of correlation to historical stock market and maybe even higher risk-adjusted returns.
Learn from those who have seen cycles, kingdoms, and markets rise and fall.
Their glasses are no longer rosy, their opinions less tempered by trying to prove themselves.
Their glasses are no longer rosy, their opinions less tempered by trying to prove themselves.
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