I first read about Jim Rogers in the Market Wizards book. At first you might think his strategies are too simple, maybe even too boring. In the Market Wizards book (and if you read his Worth columns and his book "Investment biker"), he likes to talk about the big macro picture rather than being a "trader" focused only on the day to day.
The one thing I loved about his whole philosophy on investing was the concept of "nothing changes". Bull and bear markets are always the same. You don't need to come up with new strategies every year. You have fear and panic at major bottoms and euphoria at major tops. Whether it's tulip mania, the gold bubble in 1980 or internet stocks in '99, it's all the same. Some of the macro calls he's made have been right on the mark (calling the crash of '87, the top of the Nikkei bubble, the bottom in commodity prices in '99, the internet bubble etc). Of course he's had his share of misses (being bearish on US equities starting in '94!).
Have you gotten anything worthwhile from Jim Rogers? He brings a different viewpoint to the table that you wouldn't get ordinarily. And his track record with Soros is hard to match by anyone.
The one thing I loved about his whole philosophy on investing was the concept of "nothing changes". Bull and bear markets are always the same. You don't need to come up with new strategies every year. You have fear and panic at major bottoms and euphoria at major tops. Whether it's tulip mania, the gold bubble in 1980 or internet stocks in '99, it's all the same. Some of the macro calls he's made have been right on the mark (calling the crash of '87, the top of the Nikkei bubble, the bottom in commodity prices in '99, the internet bubble etc). Of course he's had his share of misses (being bearish on US equities starting in '94!).
Have you gotten anything worthwhile from Jim Rogers? He brings a different viewpoint to the table that you wouldn't get ordinarily. And his track record with Soros is hard to match by anyone.
