What Does George Soros See About The U.S Stock Market Money Master – Jimmy Rogers

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Money Master – Jimmy Rogers

I have come into contact with this legendary investor several times in my life, including lunch or dinner here and there. First, we are dealing with a very intelligent person. Raised in Alabama by poor parents, he went to Yale on a scholarship and never looked back. At a very early age, in his 20s, he became a partner of George Soros himself. Soros ran the now famous Quantum Fund, a hedge fund that was years ahead of its time, and Jimmy Rogers was his equal partner.

There was a time for about 10 years or so when Jimmy Rogers was one of the most informed people in the world. When he told me this story once, he was reading 15, 16, 17 hours a day just absorbing the information and then relating it to the investment. In the 1970s, when he and George Soros ran the Quantum Fund, they turned their attention to a history of legendary performance. The return was 40 times your money in 10 years. Over the same period, the stock market increased by a small fraction of that figure. He retired from working for George Soros at the ripe old age of 37.

He has written two thoroughly entertaining and informative books for investors. You should read both. “Investment Biker” is one in which he details his trip around the world on a motorcycle, researching investment opportunities. The second is “Adventure Capitalist”, written years later, another trip, another motorcycle (this time a modified yellow Mercedes), the same target investment opportunities, the same goal. He will get to know the world firsthand and look for investment opportunities. opportunities.

Jimmy Rogers is an investor who loves primary sources of information. He’s not the type to read a Forbes article about General Motors. He’s the kind of investor who will read the government’s auto manufacturing disclosures and figure it out for himself. In our meetings, he told me a couple of things that have stuck with this investor for decades.

He asked me if I had ever been bankrupt. I told him no. He said: “It’s a shame, there’s something about going down once or twice in your life that teaches you things you’ll never get any other way.” As usual, Jimmy Rogers was right. You have to study below to know what to do above. It will also keep your head clear when you’re high and everything looks rosy and pretty with this look. It always looks like this before the fall.

Jimmy Rogers also stated that he never uses Excel spreadsheets for company calculations. It also won’t allow anyone doing analysis to use excel. He feels there’s a lot to learn by doing it with pencil, eraser, and the old fashioned way. It may take hours instead of minutes, but the data will be more meaningful. How the data is moved when the numbers change will have a bigger impact.

He also said that when he invested in the old days, he would read every company’s annual report cover to cover. He said that if you read the annual report, you have done more work than 90 out of a hundred people who compete with you. He then said he would read the finance line by line until he was done. Now you have done more work than 99 people out of a hundred. Finally, he read every footnote about the company. There is not one investor out of 10,000 who would do such a job. It takes discipline, focus, desire and a real appetite to make the big bucks that are only available to the truly extraordinary investor.

Jimmy Rogers and his wife Paige Parker recently traveled 152,000 miles, visited 116 countries and took 3 years to complete their second round-the-world trip. Jimmy likes to get dirty when he’s doing research. He is not interested in talking to finance ministers. He wanted to know what the guy on the street was thinking. He wanted to know if the economic situation was conducive to doing business. Was it smooth or difficult?

Warren Buffett likes to say that he is the best allocator of capital in the world. He also said that this only works if you are in an economic environment where such skills are valued. If he was born in East Africa, he would be playing drums somewhere. Before the era of personal computers, Bill Gates worked as a librarian in a secluded part of Vermont, trying to live up to his father’s reputation.

It all boils down to Jimmy Rogers, who feels compelled to understand the world firsthand before investing in it. Take Zaire in Africa, the most fertile soil on planet Earth. You can practically throw a seed into the ground in Zaire and it will grow. It is incredible that with this potential, Zaire is a net food importer. Why you ask, the road system is a mess and there is very little infrastructure. The old African colonies, where the white colonizers profited from the blood of Africa, have been replaced by black-ruled dictatorships with the same, exact lack of interest in their people that resembled the white colonizers.

When Jimmy Rogers travels around the country, he can judge whether the climate is favorable for investment. If so, he is betting on physical goods. He wants to own oil, or mineral companies, or copper, or tobacco, or brewing, or something else, something tangible that is real. This is because such a country must export everything they have to begin the process of wealth creation. He believes that the next big bull market will be in commodities, which we are already experiencing.

Jimmy Rogers is an investor who buys when there is blood in the streets, when no one else will touch the investment, and he has been incredibly accurate in his purchases. As a top-down investor, he typically bets on countries rather than individual companies. His observations are always brilliant, insightful and accurate. He is impudent and intolerant of chatter.

Here is what he says about India as an example. He thinks China is blowing them away. Indians do not know how to do business. When an Indian visits the Taj Mahal, which is magnificent, he charges 20 cents to enter. American charges almost $20. The Chinese have more than 12 times more income from tourism than the Indians. Why, because the Chinese know how to do business, and the Indians know how to screw it up. It is this type of thinking on Rogers’ part that makes him the MASTERful investor that he is.

We share Jimmy’s thinking here at StocksAtBottom.com in that we take a bottom-up approach to investing. We want to look at the company first, regardless of the economy and the industry. If the company isn’t going to do it themselves, we’re not interested. Once the company passes the test, we will see if the industry or the economy can provide the company with tailwinds. If so, we’re on our way because we’re in for a big hit.

We did it with Walt Disney a few years ago and Tyco more recently. No one wanted to own any of the companies. With Disney, the amusement parks were empty. There was a massive corporate embezzlement with Tyco that sent institutional investors flying. Our performance history will show that we made a killing with both stocks. For more information click here StocksAtBottom.com

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