Jim Rogers: Everybody should pursue their own passions. Guys like [Bill] Gates was – and I presume still is – a terrible investor. He didn’t even try to be an investor. Instead he pursued something he was very good and he stuck with it. A guy named Tyson down in Arkansas was spectacular at raising chickens. [NS: A chicken in every pot?] That’s what he should have done, and what he did do. Don’t try to do what other people tell you to do. If you like investing, are passionate about investing, and love it, then by all means become an investor. But as we have ascertained from the facts most people are not good investors. It’s wonderful to see the cover of magazines about Joe and Sally that have made fortunes from investing and you read the articles and it sounds so easy. Well, it isn’t easy, but it attracted staggering numbers of people because we had the long bull market. That’s in the process of changing.
- in The Motley Fool
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%.
Who is Jim Rogers ?
James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator