Fusion: I just finished reading your new book Street Smarts,
and I wish I had the book when I first started in the industry in the
90’s. It provides a great trading lesson of doing your own research –
and not going with the crowd. You point out in the early 70’s nobody
liked energy and defense stocks. But you did your work and realized that
both sectors were ripe for fundamental positive changes. When you told
people you liked them, many were skeptical and said you were crazy. We
know how that turned out.
Jim Rogers : You Shouldn’t follow the Crowd – I’m sure you know that by now ! - in Ritholtz
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%.