Jim Rogers - Wiki Article
James Beeland Rogers, Jr. is an American investor and author. He is
currently based in Singapore. Rogers is the Chairman of Rogers Holdings
and Beeland Interests, Inc. He was the co-founder of the Quantum Fund
with George Soros and creator of the Rogers International Commodities
Rogers does not consider himself a member of any school of
economic thought, but has acknowledged that his views best fit the
label of Austrian School of economics.
Early life and education
was born in Baltimore, Maryland, and raised in Demopolis, Alabama. He
started in business at the age of five by selling peanuts and by picking
up empty bottles that fans left behind at baseball games. He got his
first job on Wall Street, at Dominick & Dominick, after graduating
with a bachelor's degree in History from Yale University in 1964. Rogers
then acquired a second BA degree in Philosophy, Politics and Economics
from Balliol College, Oxford University in 1966.
1970, Rogers joined investment bank Arnhold and S. Bleichroder, where
he worked with George Soros. In 1973, Soros and Rogers co-founded the
Quantum Fund. During the following 10 years, the portfolio gained 4200%
while the S&P advanced about 47%. The Quantum Fund was one of the
first truly international funds.
In 1980, Rogers decided to
"retire", and spent some of his time traveling on a motorcycle around
the world. Since then, he has been a guest professor of finance at the
Columbia Business School.
In 1989 and 1990, Rogers was the
moderator of WCBS' The Dreyfus Roundtable and FNN's The Profit Motive
with Jim Rogers. From 1990 to 1992, he traveled through China again, as
well as around the world, on motorcycle, over 100,000 miles (160,000 km)
across six continents, which was picked up in the Guinness Book of
World Records. He tells of his adventures and worldwide investments in
Investment Biker, a bestselling investment book.
In 1998, Rogers
founded the Rogers International Commodity Index. In 2007, the index and
its three sub-indices were linked to exchange-traded notes under the
banner ELEMENTS. The notes track the total return of the indices as an
accessible way to invest in the index. Rogers is an outspoken advocate
of agriculture investments.
Between January 1, 1999, and January
5, 2002, Rogers did another Guinness World Record journey through 116
countries, covering 245,000 kilometers with his wife, Paige Parker, in a
custom-made Mercedes. The trip began in Iceland, which was about to
celebrate the 1000th anniversary of Leif Eriksson's first trip to
America. On January 5, 2002, they were back in New York City and their
home on Riverside Drive. His route around the world can be viewed on his
website, jimrogers.com. He wrote Adventure Capitalist following this
around-the-world adventure. It is currently his bestselling book.
2002 to present
his return in 2002, Rogers became a regular guest on Fox News' Cavuto
on Business and other financial TV shows. In 2005, Rogers wrote Hot
Commodities: How Anyone Can Invest Profitably in the World's Best
Market. In this book, Rogers quotes a Financial Analysts Journal
academic paper co-authored by Yale School of Management professor, Geert
Rouwenhorst, entitled Facts and Fantasies about Commodity Futures.
Rogers contends this paper shows that commodities investment is one of
the best investments over time, which is a concept somewhat at odds with
conventional investment thinking.
In December 2007, Rogers sold
his mansion in New York City for about 16 million USD and moved to
Singapore. Rogers claimed that he moved because now is a ground-breaking
time for investment potential in Asian markets. Rogers's first daughter
is now being tutored in Mandarin to prepare her for the future. He is
quoted as saying: "If you were smart in 1807 you moved to London, if you
were smart in 1907 you moved to New York City, and if you are smart in
2007 you move to Asia." In a CNBC interview with Maria Bartiromo
broadcast on May 5, 200
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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%.