Oilprice.com: Now, moving away from the markets, I was hoping you could tell us a little bit about your book, "A Gift to my Children," the inspiration behind writing it and what you hope it achieves.
Jim Rogers: Well, I came into parenthood late and I never wanted to have children. I thought children were a terrible waste of time and money and energy. I felt sorry for friends who had children. Then I had some.
I've had some failures in my life, I've had a few triumphs. I started writing down the things I learned. I wanted to make sure my children knew all of these things. That turned into a magazine article, and the next thing you know it turned into a little book.
Grownups get a lot more out of it than children do because it's really a book for grownups.
Oilprice.com: What are lessons within the book? Why would I go out and buy the book? What am I going to learn?
Jim Rogers: I hope you'll learn to be famous, happy, rich and successful.
Being happy, that's the main thing I'm trying to help with. If you're happy, not much else matters in life, at least in my experience. There's various ways to be happy, of course. I'm trying to tell people the things that I have learned. I'm trying to teach them to be curious, independent. It's very hard to think independently, as you probably know. Extremely hard. Most people are not very curious, If they see it on TV, that's what they accept instead of thinking, what's really going on here?
I'm teaching readers to be curious, skeptical, independent thinkers.
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 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 "