Everything about Jim Rogers totally explained
For other uses, see: James Rogers (disambiguation).
James B. Rogers, Jr. (born
October 19,
1942) is an
American investor and financial commentator. He is co-founder, along with
George Soros, of the
Quantum Fund, and is a college professor, author, world traveler, economic commentator, and creator of the
Rogers International Commodities Index (RICI).
Biography
Rogers, whose full name is James Beeland Rogers, was born in
Wetumpka,
Alabama. He grew up in
Demopolis, getting started in business at the age of five, picking up bottles at baseball games. He got his first job on
Wall Street, at Dominick & Dominick, after graduating with a
bachelor's degree from
Yale University in 1964. Rogers then acquired a
master's degree from
Balliol College,
Oxford University in 1966. After Oxford, Rogers returned to the U.S. and enlisted in the army for a few years.
In 1970, Rogers joined Arnhold & S. Bleichroeder, where he met
George Soros. That same year, Rogers and Soros founded the
Quantum Fund. During the following 10 years the fund gained 4200% while the S&P advanced about 47% (963.99/800.36). It was one of the first truly international funds.
In 1980, Rogers decided to "retire", and traveled on motorcycle through
China. Since then, he's been a guest professor of finance at the
Columbia University Graduate School of Business.
In 1989 and 1990, Rogers was the moderator of
WCBS's
The Dreyfus Roundtable and
FNN's
The Profit Motive with Jim Rogers. From 1990 to 1992, he traveled through China again, as well as around the world, on motorcycle, over 100,000 miles (160,000 km) across six continents, which was picked up in the
Guinness Book of World Records. He tells of his adventures and worldwide investments in
Investment Biker.
In 1998, Rogers founded the
Rogers International Commodity Index. In 2007, the index and its 3 sub-indices were linked to
exchange-traded notes under the banner ELEMENTS. The notes track the total return of the indices as an accessible way to invest in the index.
Between January 1, 1999 and May 1, 2002, Rogers did another Guinness World Record journey through 116 countries, covering 245,000 kilometers with his fiancée
Paige Parker in a custom made Mercedes. The trip began in
Iceland, which was about to celebrate the 1000th anniversary of
Leif Eriksson's first trip to America. On January 5, 2002, they were back in
New York City and their home on
Riverside Drive. He wrote
Adventure Capitalist following this around-the-world adventure.
On his return in 2002, Rogers became a regular guest on
Fox News'
Cavuto on Business which airs every Saturday. He has a daughter, Happy, born in 2003. In 2005, Rogers wrote
Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market. In this book, Rogers quotes a Financial Analysts Journal academic paper co-authored by
Yale School of Management professor, Geert Rouwenhorst, entitled
Facts and Fantasies about Commodity Futures. Rogers contends this paper shows that commodities investment is one of the best investments over time, which is a concept somewhat at odds with conventional investment thinking.
In Sep. 2007, Rogers sold his mansion in New York City for about 15 mln USD and moved to
Singapore. This is due mainly in his belief that this is a ground breaking time for investment potential in Asian markets. Rogers' daughter is being tutored in Mandarin to prepare her for the future he says. "Moving to Singapore and Dubai now is like moving to New York City in 1908," he said. Also, he's quoted to say: "If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City and if you're smart in 2007 you move to Asia". In an CNBC interview with Maria Bartiromo broadcast on May 5th 2008, he said that people in Asia are extremely motivated and driven, and he wants to be in that type of environment to be himself motivated and driven. He said during that interview that, this is how America and Europe used to be. He chose not to move to Hong Kong or Shanghai due to the high levels of pollution causing potential health problems for his daughter.
Books
- Investment Biker: Around the World with Jim Rogers - 1995 (ISBN 1-55850-529-6)
- Adventure Capitalist: The Ultimate Road Trip - 2003 (ISBN 0375509127)
- Hot Commodities : How Anyone Can Invest Profitably in the World's Best Market - 2004 (ISBN 140006337X)
- A Bull in China: Investing Profitably in the World's Greatest Market - December 4, 2007 (ISBN 1400066166)
Further Information
Get more info on 'Jim Rogers'.
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