Jim Rogers : “I was at a dinner with a lot of young Wall Street hot shots, and
they were all going around talking about their great stock ideas. I
started talking about Lockheed. It was the first time I’d ever been
invited to this dinner. One of the guys at the other end of the table
whispered loud enough so that I could hear, ‘Who buys stocks like that?’
I, of course, was a little embarrassed and ashamed, but the stock went
up,” he said. (Lockheed appreciated 4,000 percent from 1973 to 1983.)
At Quantum Fund, unconventional thinking was invaluable. “I did most
of the research,” Rogers writes in Street Smarts. “What interested me
was turning over the rocks and pursuing leads, discovering what was
going on in the world and predicting where things were headed.” It was
also profitable. In 10 years, the fund grew 4,200 percent. - in Street Smarts
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%.