Jim Rogers – Who He Is And How He Got Rich – A Short History
Jim (James) Rogers is an author and investor and is a man who really doesn’t think that you can just put economics into a box and call it good. With an around the world adventure under his belt, he is the co-founder of the Quantum Fund and an International Commodities Index. He believes that financial sectors are transitory and will shift based on economic needs. That means what might bring tremendous economic wealth for one period will be at a disadvantage for another period. In a recent interview with Forbes, he said that the smartest people in the United States will learn to drive tractors, because the next wealthiest group are going to be the farmers. He has accumulated a net worth of $300 million till now.
Jim Rogers was born in Baltimore (Maryland), October 19, 1942. He came to this world with business in his veins. He started his first business at the age of 5 by selling peanuts at baseball games and then picking up empty bottles after the game was over. From that foundation, Rogers earned bachelor’s degrees from Yale and Balliol College at Oxford in History and Philosophy, Politics, and Economics respectively. This helped him get his first job on Wall Street in 1966. He started investing on the capital market with only $600 dollars, when he was just twenty something. In 1970, he found a job in the Arnhold and S. Bleichroder investment bank and this was the place where he met the man that would later become his partner – George Soros. Rogers and Soros left the bank 3 years later (1973) and founded of one of the most successful investment management companies – The Quantum fund that would gain 4200% in value for the next 10 years, compared to the S&P 500 gain of 47% for the same period. He has managed the fund with George Soros – a great investor and philanthropist, who currently is among the richest people in the world. In 1980, after just 14 years of work, when he was 37, Rogers announced that he was retiring.
Traveling the World Just to See It
Jim Rogers made his an around the world trip on his motorcycle from 1990 to 1992, traveling over 100,000 miles across six continents. His quest for adventure hasn’t stopped there, however. He’s run the New York City marathon three separate times. He’s also traveled around the world in a Mercedes with his wife. Through it all, Rogers offers of glimpse of political and economic history that seems to influence his decision-making process as well. An advocate of getting rid of the Federal Reserve, Rogers is clearly a man who buys into the idea that those who don’t learn from history are doomed to repeat it.