Jim Rogers: Investing Legend & Original Nomad
Codie A. Sanchez
Investing millions in Main St businesses & teaching you how to own the rest | HoldCo, VC fund, Founder
A conversation with the Legendary Indiana Jones of Finance.
Our podcast --> HERE.
Best selling author, hedge fund investor, Globetrotter (and one of my personal heroes), Jim Rogers.
I believe it was Thoreau that said, “I could no more name all the books I have read and yet, all the same, they made me.” Truer words for me have never been spoken. But occasionally there comes across my hands a book that I can name and its impact reverberates through my life for years to come. One such book was by the legendary investor Jim Rogers called, “The Adventure Capitalist.” I touched its pages more than a decade ago and it shaped my life in many ways. Jim is a bit akin to the Indiana Jones of finance, he's an explorer, a pioneer and he is not afraid to go against the norm. Basically, he’s anything but your typical investor.
““I could no more name all the books I have read and yet, all the same, they made me.”
— Jim Rogers, "The Adventure Capitalist"
You see Jim has a story, Jim was at the peak of his investing career in the 1970's. He was the co-founder of the industry-leading Quantum Hedge Fund with one of the other most famous investors of our time, George Soros. They just had a record year of 127% return on their portfolio and 4200% return over 10 years. Not bad, eh? Then Jim did something that so few do. He left the lucrative high life of Wall Street behind, by choice. He set out to travel the world investing for himself personally in emerging market real estate, third world stock markets, and currencies, all from not a cushy seat in New York, but atop a yellow convertible. Jim decided to continue his emerging market investing spree and circumvented the globe astride a gleaming yellow convertible Mercedes, bedecked with tires able to traverse an African back road just as well as a Californian coastal freeway. This journey led to one of my favorite books of all time, “The Adventure Capitalist.” As if that wasn't enough he wanted to get even closer to the Earth so better to invest in its trends, aka he traveled around the world astride a motorcycle. That was his book,“Investment Biker.”
“Those who cannot adjust to change will be swept aside by it. Those who recognize change and react accordingly will benefit.”
— Jim Rogers, A Gift to My Children: A Father's Lessons for Life and Investing
So you can see why I have to admit when I reached out to Jim to have him on this podcast I thought, “Well, this is a bit of a stretch, to say the least.” Then from the skyscrapers of China, where he currently resides, he responded yes. We spent an hour diving into some of the questions I’ve held close to my vest for a decade. Like how to develop contrarian ideas when the entire world disagrees, how did he get the guts to leave it all behind on Wall Street, what advice would he give to his daughters today, where is the opportunity of the future and what is a belief he holds dear that most of the world would completely disagree with him on.
I challenge you if your desire is to travel the world lucratively, invest yourself, or simply understand the inside of one of the most brilliant minds in finance, listen to what Jim has to say.
MAYBE HE'LL CHANGE YOUR LIFE, JUST AS HE DID MINE.
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Un abrazo,
Codie