Rogers: The investment godfather who travels the world

Rogers: The investment godfather who travels the world Jim Rogers itinerant investment godfather around the world/Rui Rogers was alert and nimble compared to Buffett's steady sophistication; Rogers looked calm compared with Mr. Grose's forethought, Roger　　It looks crisp ... But in the international financial world, Rogers foot on the stock market and the "Hot Wheels" of the commodity markets, where the full win.　　It is the envy of the most visionary international investment Godfather's wealth and ability to chase his winning investment magic. Started earning money at the age of 5. Rogers was born in the Demoplis town of Alabama, in the United States, where there was a tradition that the child's full moon would be blinded by a 09-digit block of 10 digits to predict its future fate. On that day, Jim grabbed the block with the word "5".　　Coincidentally, when Demoplis's phone number was 5, Jim's mother had 5 children since then, and, more importantly, Rogers's knowledge of the market career began at the age of 5. As the eldest son, after the mother gave birth to two younger brothers, because parents have no time to consider, Rogers 5 years old was sent to the thousands of miles away from the grandparents home-a small town called Hugo. At that time, the biggest pastime of the people in Hugo Town was the baseball League every summer.　　Once, Grandpa took Jim to a baseball game, the excitement of the baseball field attracted his full attention, so go to the baseball field to become his biggest hobby. But Jim seems more concerned about looking for money on the baseball field than the other kids in town are eager to practice and play on the baseball field. When that summer baseball season came, Jim found his first job in his life-picking up empty bottles at a baseball stadium-and offered them to buyers at 5 cents for 24 empty coke bottles.　　So, when the summer baseball game ended, the other kids were still in the fun of playing, and Jim had started to reserve money for his future bank account. Business thinking once opened may become more sensitive and connected. The next year, Jim returned to Demoplis, who found no one in the local baseball field to sell Peanuts and cola, and immediately told his father that it was a "commercial void." The engineer's father encouraged his son to try boldly.　　As a result, young Jim won a franchise to sell peanuts and drinks at the junior Baseball tournament, and bought a small trolley and a second-hand peanut toaster for 100 of dollars lent to him by his father. He started his first career in the hot summer of 1948. As soon as the league was over, Jim opened his first bank account in the town's national Commercial Bank.　　5 years later, Rogers, 11, paid off his father's "loan" with his work and deposited his own $100 in his bank account. RealizeThe reward of the pleasure of Jim will not let the money in the bank "sleeping", two months later, Jim took out 100 dollars to go to the countryside to speculate with his father, who had bought the calf for a rising price and paid the farmers to raise them, hoping to sell them and sell them for a good price the following year. However, this speculation let Jim experience the taste of failure.　　It was not until 20 that Rogers found out why the Korean War had made their investments in calves swallowed up by the fall in post-war prices. In fact, when he was young, Rogers not only liked to do business, but also led his brothers to work together. Sometimes, when his father went hiking in the suburbs with Jim's "Brotherhood" in the afternoon of Saturday, Jim found a lot of abandoned metal along the railway line few people pay attention to, he always commanded the younger brother will pick up the scrap metal on the way to the scrap purchase station to sell, accumulate their own pocket money; sometimes, Jim takes the "brotherhood"　　The members took off the wild blackberries and plums along the way, and the door was sold at a price of 1 kilograms and 0.26 dollars to the neighbors. Happy childhood always ends. In 1960, Rogers, 18, got to the history department of Yale University, and when he graduated 4 years later, Rogers won a scholarship to Oxford University and went to the prestigious Balio College to study politics, philosophy and economics. Two years later, Rogers went out of Oxford and served in the army. However, the rigid military life does not seem to prevent the fermentation of Rogers business thinking.　　During the Army's 3-year period, Rogers gained the reputation of a stock-market expert who even ran his boss's stock business. Soros's "Gold partner" on Wall Street, as the "Quantum Fund" in 1992 launched a bloody war against the pound, and in the 1997 Southeast Asian financial crisis, the reputation of Soros seems to be far greater than Rogers, and even some people think that "quantum fund" is the first one of Soros.　　In fact, even including Soros himself, he has to admit that Rogers in the "Quantum Fund" in the senior status and the two former "gold partner" to fight out the illustrious record. Rogers was acquainted with Soros at Ehod Bres Company. After the Army's service expired, Rogers came to Wall Street, where he found his first job as a junior analyst at Becky and traded on the stock market for 600 dollars. In July 1970, Rogers sold "university Computing" for 48 dollars, but August "university computing" rose to more than 60 dollars. He was eventually driven out of the market frenzy, and Rogers was finally forced to liquidate at $72.　　His hard-earned money for two years evaporated as rapidly as the air. Perhaps in order to change his luck, Rogers "deficit" resigned after the job at the Becky Company, one months after the employment of Ehod Bres Company. At that time, Soros in Brecher management of the "Double Eagle Fund", saw Rogers, volunteered to join the "Mutual Benefit Fund" management team, because in Soros's view, Rogers is the person he needs. AfterCame to the fact that Soros's judgment was correct. Like Soros, Rogers is ambitious, hardworking, intelligent and widely read. More importantly, Rogers and Soros are both contrarian players, rather dismissive of Wall Street's mundane views and the people they see as following.　　Not only that, two people are confident that they are smarter than most people. Of course, in Rogers ' eyes, Soros is his boss, and Soros's title to Rogers is market analyst, which is responsible for reading dozens of of rare magazines, looking for tips for investment direction, and two people will soon have outstanding performance. However, when the new brokerage regulations did not allow them to benefit from the company's stock operations, for several years, though Rogers and Soros made a lot of money for the company and became the boss's right-hand man, the income was not satisfactory.　　So the two restless people decided to leave. Soros and Rogers established the Soros Fund Management company in August 1973, the predecessor of the "Double Eagle Fund", which is the embryonic form of the "Quantum Fund".　　It is reported that when Soros and Rogers and Brecher, the company broke up, the "Double Eagle Fund" has grown to about 20 million dollars in size, of which about 13 million of the fund investors choose to follow Soros and Rogers, there are some new investors to join the new fund. Rogers and Soros's fund company, located in New York's 3 houses overlooking Central Park, often go to Central Park to play tennis or swim at a nearby health club every weekend. Because the company only Rogers and Soros two people, working atmosphere is very relaxed, sometimes they wear tennis shoes to work, and Rogers is riding a bike to work. They have a tacit understanding of working hours--more than 80 hours a week.　　Like Brecher, Rogers is still doing market analysis, reading 30 business newspapers a day, reviewing financial records from more than 1500 U.S. and foreign companies, and studying 20 or 30 annual reports, with a view to identifying investment direction and objectives. The opportunity finally came, and it was the most beautiful battle that Rogers had played with Soros. When the Arab-Israeli war broke out in 1973, as Egypt and Syria invaded Israel, the Pentagon was likely to spend heavily on new weapons to equip its troops because of the outdated weapons and equipment technology of Israel. As a result, Rogers began talks with defense officials and contractors in the U.S. military, which made Soros and Rogers more convinced that this was an excellent investment opportunity.　　They then began to invest in shares of Northrop companies, United aircraft companies, the company of Manchester, and Lockheed, which hold a large number of Defense Department orders, and eventually profited handsomely. The final results once again proved the extraordinary ability of two people. From 1970 to 1980, when they parted ways, the company profited 3,365%, while in the same period the composite index of the average company and the weaker company was only 47%. 10 years,The quantum Fund's composite yield was as high as 37%, surpassing Buffett's 29% and Peter Lynch's 30% over the same period.　　Some have counted such accounts, and if investors put 100,000 dollars in Rogers and Soros ' funds in 1970, then by the end of 1997, the 100,000 dollars would have added more than $353 million trillion.　　Today, no one knows the reason for the break-up of Soros and Rogers, people only know that 37-Year-old Rogers from the "Quantum Fund" when the withdrawal of 14 million dollars in profits. The traveler and the investor's pink shirt, the blue-striped bow tie, the black suit, is the iconic outfit Rogers left to the public.　　It is rare to see Rogers's other image-casual athletic wear, messy, grey hair, and Vim's smile that may only be seen when he travels around the world. 19,891,990 years, Rogers drove a motorcycle traveled 6 continents, more than 50 countries, travel 65,000 miles, this feat was loaded into the Guinness Book of World Records. 1998, 55-Year-old Rogers met the 29-year-old Danish beauty Pecs Paik, the next year, he took his fiancee again on the road. From 1999 to 2001, Rogers drove around 116 countries in a yellow wagon customized to Mercedes-Benz, reaching 245,000 kilometers.　　"The Guinness Book of World Records" left Jame Rogers's name again, and no one has ever broken it. Just as there is an unpredictable risk of investment, Rogers says, tourism also encounters unexpected risks. Every trip around the world, Rogers will eat and live with the local residents, he has tasted unique food, but also eat inedible food. Page had been poisoned 3 times during the trip, and it was strange that every time it happened in a five-star hotel. When Rogers and his fiancee set off from Iceland in 1999, they had a rare snowstorm, "We didn't know if we could get back alive." If I die on the road, I will not feel sorry.　　To die for one's dreams is better than to die on Wall Street with money that hasn't been spent yet, and Rogers is so calm about the dangers of the journey. "A good investor needs to know the world and the world to make money." "Rogers often says this to the media as a real goal for him to take the risk of two trips around the globe." After his first trip home, Rogers wrote the book "Investment Knight" according to what he had heard in the course of his travels, which sold 500,000 copies and was rated as "the best sales Book" by The New York Times.　　At the end of the second tour, Rogers also did not return empty-handed-about 400,000 words of the "capitalist Adventures" in the World bookstore best-selling counter.　　Of course, Rogers is not traveling to write a book, the biggest gain is probably the great investment opportunities found on the trip and the way to harvest. In Austria, Rogers found that the local stock market plunged to half 1961, and he bought shares and bonds of Austrian companies. The following year, Austrian stock market was revived, the Austrian stock market index in a violentRose by 145%, Rogers Rich, so he was hailed as "the father of the Austrian stock market." In the absence of unification in West Germany, Rogers found that the local stock market completely ignored the last 21 years of the West German economy continued to flourish, and never appeared in the bull market.　　He confirmed that the West German stock market fully possessed the value of intervention, and from the intervention to sell, two years Profit 3 times times. In Africa's Botswana, Rogers was surprised to find that the city was full of premium cars, currency was freely convertible, the country had 3 years of foreign exchange reserves, government budgets and foreign trade were surplus, while the stock market had only 7 employees and 7 stocks, low stock prices and cash bonuses. Rogers immediately bought all the shares and told the broker to buy every stock listed later.　　As a result, 2002 Botswana was rated by Businessweek as the fastest-growing country in 10 years.　　Similar to the above, Rogers travels around the world, in Portugal, Singapore, Brazil, Indonesia and other places to find and intervene to underestimate stocks, but in Sweden, Norway, Japan short overvalued stocks, he also dabbled in Argentina, Ecuador, Costa Rica, South Africa and other emerging markets, where they are all the Nuggets planing silver. 67-Year-old Rogers, a devout preacher, still likes to fly around the world, and everywhere he goes, he makes a speech, or gives his own commentary on the local economy.　　Compared with Mr Buffett and Soros, Mr Rogers seems to be better at speaking, and in a surprising language, though often inconsistent with "mainstream", often unfortunately "in words". Rogers says he is a person who likes to think independently. At Oxford University, Rogers was keen on political debate among his peers and even publicly criticized the Financial Times. Since the 1980 's, Rogers has been a contributing contributor to the famous international financial media such as The Times, The Washington Post, The New York Times, Forbes, Fortune, The Wall Street Journal, and the Financial Times.　　Not only that, Rogers also serves as the moderator of CNN's most popular show, "Your portfolio". Of course, Rogers also has a respectable title-university finance professor. Since 1983, Rogers has opened the hottest Advanced Securities Analysis Course at Columbia University, and even Mr. Buffett, the investment guru, has been cheering him on after listening to his class. In the classroom, Rogers always said to students, should not come to the school of Economics, this is a waste of time, because the opportunity cost, reading time to spend about 100,000 of dollars, this money is not used to go to school, but also to invest in business, although may earn may also compensate, but no matter how much more than sitting in the classroom two or three years, Listen to the "senior professors" who have never done business and talk nonsense about what they can learn.　　Although this kind of pontificate has aroused the dissatisfaction of the academic school, but won the applause of the students. The master's mind becomes more socially meaningful only by becoming a guide to People's actions, from speech to writing, from being a host to being a collegeProfessor Rogers has released his investment proposition or know-how without reservation through various channels. China Rogers has no recollection of how many times he has been to China, but he clearly remembers his first visit to China. In April 1999, Rogers came to China during his second tour of the world, and he was surprised to find that China was different from the reports of the western media and more different from the impressions he had made years ago. In the face of such great changes, he believes that China will become the world's important economic center in the 21st century.　　Before leaving China, Rogers opened his own account at the Shanghai Stock Exchange and bought shares in 4 companies. The 5-year-old daughter Lele seems to be the best expression of Rogers's obsession with China. Unlike other fathers in the United States, Luo outstanding first asked Lele not to learn English, but to learn Chinese. Not only that, he asked all Chinese to talk to Lele, and he invited a Chinese nanny from Hangzhou, China. "My daughter is learning Chinese to represent my views on the future of China, and I am optimistic about China." Because I foresee the future of the world, I am preparing for her to succeed in the future that I foresee.　　Rogers explains his good intentions in his daughter. In order for her daughter to really learn Chinese, Rogers has been doing all he can. To improve her daughter's interest, Rogers decided to study Chinese with his daughter. Just two years ago, Rogers sold his old house in New York for 31 years and moved home to Singapore. The reason for choosing Singapore instead of China, Rogers explains, is that Singapore has a Chinese environment and an English environment, and his wife, Peggy, can overcome the inconvenience of not having Chinese.　　At present, Lele is teaching Chinese Nanyang Kindergarten, as long as there is time, Rogers is like many ordinary father to pick up the children. Of course, people in addition to the development of Rogers to his daughter to feel his Chinese complex, but also see Rogers on the Chinese economy and capital markets more enthusiasm than all the international financial masters. It should be said that among the world-class investment gurus, Rogers is one of the first to focus on and reach out to the Chinese market, and one of the first to advocate for American investors to invest in China, and even to be the spokesperson of the International investment community in China.　　At present, Rogers employed in Tencent Finance, become its advisers, creating a world-class investment master to be employed in China's precedent. The advance of the Chinese stock market has become a big job for Rogers. However, the master is not a saint, in many cases also have a wrong time. In 2005, Rogers first sang a few years of the Chinese stock market, not many people were concerned about his bull market, but the market trend in support of Rogers's predictions. When China's stock market climbed to 3,000 points in 2007, Rogers reminded investors to buy if the price fell by 50%, but then the A-share rose to a stage of 6,124, leaving no chance for TA. When China's stock market climbed to its highest point in history, Rogers warned investors that when a shares soared to 9,000And China's stock market plunged after 6,124. In late January 2008, when a shares fell to 4,800, Rogers said investors could stage positions, but the Chinese stock market did not show signs of reversal, but continued to fall until it reached the 1664 lows. At the end of July 2009, Rogers pointed out that the stock market was going up too fast. August 4, Prev touch to 3478 of the stage high after the all the way, and appeared for several consecutive days of the plunge.　　Perhaps because of "error" too much, Rogers's ability to make a preliminary judgment by many domestic investors and some financial people questioned. Of course, the miscalculation, the wrong sentence, this does not change Mr Rogers firmly optimistic about the future of China's position. In the Chinese bull market, Rogers shouted to American investors to withdraw your money from the US market, invest in China and how much. Rogers also revealed that he has not sold any shares since investing in Chinese stocks. In an interview with Lianhe Zaobao in Singapore, Rogers bluntly said: "I will live in Singapore at least 12, until the children are all primary school, my biggest dream is to go to China to settle!" "(the writer is professor of economics at Guangdong Technical Normal University) Rogers's" advice "-diligent and pragmatic. I don't think I'm smart, but I do work very, very, very hard. I work hard and work 15-16 hours a day. It is beneficial to understand the investment path by studying hard, rather than doing what others say.　　If you work very hard and love your job, you have the possibility of success. --independent thinking. I can assure you that the market is always wrong. Must think independently, must throw away the herd mentality.　　Don't do anything unless you know what you're doing. --Never lose money. You should be patient and wait for a good time, make a profit and then wait for the next chance. In this way, you can overcome others.　　So, my advice is to never lose money, do what you know, and wait until you find a great opportunity to invest money. --Low Price is king. Buying a stock that others don't like is generally wrong, although sometimes it takes a while to wait.　　My success in investing is mainly because I bought a very low price stock, at least I think the price is very low. Learn to wait. Market trends often show a long period of sluggish. To avoid getting money into a stagnant market, you should wait for a catalyst to change the market. One of the rules of investment is that the cuff doesn't matter unless something really big happens.