Sunday, January 27, 2019

Legendary Investor Jim Rogers Shares His Investing Philosophy

Jim Rogers is a retired hedge fund manager and veteran investor best known for co-founding the Quantum Fund with George Soros. With over 50 years of experience in the finance industry, and with a reputation for often contrarian views of the markets, Rogers is an excellent source of investing wisdom.

Although Rogers has dealt in a wide variety of asset classes, from stocks to bonds to commodities, his investing principles are just as applicable to retail investors as they are to institutional players.

Why trading is not investment, and why price does not equal value

We have written previously on the difference between speculation and investment. In an interview with Jack Schwager in his book, "Market Wizards," Rogers provides his own distinction:

"I don’t consider myself a trader. I remember when I went to buy German stocks in 1982, I said to the broker: 'I want you to buy me X, Y and Z stocks.' 

The broker, who didn’t know me, asked, 'What do I do next?" I said, 'You buy the stocks and send me the confirmations.' He asked, 'Do you want me to send you some research?' I said, 'Please don’t do that.' 

He asked, 'Do you want me to send you opinions?' I said, 'No, no, don’t.' He asked, 'Do you want me to call you with prices?' I said, 'No, don’t even give me the prices, because if you do, once I see that these stocks have doubled and tripled, I might be tempted to sell them. 

I plan to own German stocks for at least three years, because I think you are about to have the biggest bull market you’ve had in two or three generations.' Needless to say, the broker was dumbfounded; he thought I was a madman.”

Although such extreme long-termism and disregard for price might be a bit too much for even the most ardent proponent of the Ben Graham value investing school, the overall principle here is recognizable: price does not equal value. 

Traders and speculators are concerned with price action; value investors care about long-term value. In this case, the long-term value was in a German market that had been underperforming for decades, even while the underlying economy was booming. As it happens, the market-friendly Christian Democrats came to power and ousted the ruling Socialists in 1982, triggering exactly the kind of bull market that Rogers was forecasting.

Why doing nothing is often better than doing something

Even conservative investors can fall prey to a fear of missing out on what they perceive as an opportunity to make easy money. Rogers expands on this point in the same interview:

“One of the best rules anyone can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people - not that I’m better than most people - always have to be playing, they always have to be doing something. 

They make a big play and say, 'Boy, am I smart, I just tripled my money.' Then they rush out and have to do something else with that money. 

They can’t just sit there and wait for something new to develop…I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.”

- Source, Guru Focus, Read More Here

Tuesday, January 22, 2019

Jim Rogers on Investing in 2019 and the US Debt Problem


Jim Rogers is an American businessman and financial commentator based in Singapore. 

He is the Chairman of Rogers Holdings and Beeland Interests, Inc. In 1973, 

Jim co-founded of the Quantum Fund with George Soros and having retired at the age of 37, Jim spent some of his time traveling on a motorcycle around the world - a Guinness World Record and one which is documented in Investment Biker, a international bestselling book. 

He has been a guest professor of finance at the Columbia Business School.


Saturday, January 12, 2019

Jim Rogers: Prepare for Trouble in 2019


"Jim Rogers is a legendary investor from the US, who is frequently featured on both mainstream and alternative financial news media outlets. He is most famous for having co-founded and run the wildly successful Quantum Fund with George Soros on Wall Street in the 1970’s. 

Since then, Jim has travelledextensively around the world, on motorcycle and by car, earning a place in the Guinness Book of World Records for his efforts. 

He’s written several books on investing (as well as parenting after coming to fatherhood later in life), which detail his primary investment philosophies held over the last few decades, which, simpy put are, a focus on China (and Asia generally), as well as commodities, for which he founded the Roger’s International Commodities Index. 

In accordance with these views, Jim moved his family to Singapore in 2007, as he wanted his daughters to grow up speaking Mandarin and being familiar with China/Asia, in order to maximize their ability to create a happy and prosperous life for themselves in the future. He is a vocal critic of the ‘bureaucrats in Washington’, especially when it comes to their addiction to debt, economic incompetence, and abuse of their power to issue currency. 

As you’ll see in this discussion, he believes that similar behaviour by most major governments will have disastrous effects in the very near future(hence the bet on commodities). 

Anyways, I’ve been following Jim’s work for many years, so it was a real pleasure to be welcomed into his home for a chat on a rainy day in Singapore.,” writes John Vallies.


Tuesday, January 8, 2019

Jim Rogers on Investing in 2019 and the US Debt Problem


Jim Rogers is an American businessman and financial commentator based in Singapore. He is the Chairman of Rogers Holdings and Beeland Interests, Inc. 

In 1973, Jim co-founded of the Quantum Fund with George Soros and having retired at the age of 37, Jim spent some of his time traveling on a motorcycle around the world - a Guinness World Record and one which is documented in Investment Biker, a international bestselling book. 

He has been a guest professor of finance at the Columbia Business School. In 1998 he created the Rogers International Commodities Index (RICI) and has been an outspoken advocate of agriculture investments. Between 1999 and 2002, Jim and his wife did another Guinness World Record journey travelling 116 countries in a custom-made Mercedes. 

He wrote Adventure Capitalist following this around-the-world adventure. In 2007, Jim moved to Singapore due to the investment growth potential in Asia. 

In this episode Jim shares some excellent advice about how you should approach investing and what the next 10 to 20 years could turn out for the global economy. 

He suggests that North Korea, Russia and agriculture are contrarian bets that will have positive payoffs for those of us willing to go against the crowd. 

Also, I ask him about his views on cryptos and blockchain and whether he as any advice for you if you feel stuck in your job or if you’re undecided about what you should do if starting out on your career path.


Thursday, January 3, 2019

When People Lose Confidence in Government, They Always Buy Gold And Silver


With the stock, bond, and real estate bubbles teetering, there's perhaps no one in the world more qualified to explain what's happening than legendary investor and author Jim Rogers. 

Who was kind enough to join Chris Marcus on "Inside the Markets" to talk about the stock, bond, gold and silver markets. Jim talked about the risks he's seeing over the next year that no one else is looking at. 

What's going to happen if interest rates keep rising. And how whenever people lose confidence in the governments and money, they always buy gold and silver. 

It's a great interview with one of the finest investment minds of our generation. So to be properly prepared for what's about to come, click to watch the interview now!

- Source, Stock Pulse