By Jim Rogers
He’s the swashbuckling global tourist and mythical investor who made his fortune sooner than he used to be 40. Now the bestselling writer of A Bull in China, sizzling Commodities, and Adventure Capitalist stocks a heartfelt, necessary advisor for his daughters (and all younger traders) to discover good fortune and happiness. In A present to My Children, Jim Rogers bargains suggestion along with his trademark candor and self assurance, yet this time he provides paternal compassion, protectiveness, and love. Rogers finds the best way to research from his triumphs and blunders for you to in achieving a filthy rich, well-lived existence. For example:
• belief your individual judgment: Rogers sensed China’s precise power long ago within the Nineteen Eighties, at a time whilst so much analysts have been hugely skeptical of its customers for growth.
• specialise in what you're keen on: Rogers used to be 5 while he all started gathering empty bottles at baseball video games rather than playing.
• Be power: Coming to Yale from rural Alabama, and in over his head, Rogers by no means stopped learning and wound up with a scholarship to Oxford.
• See the area: In 1990, Rogers traveled via six continents by way of bike, gaining an international standpoint and studying tips on how to evaluation clients in swiftly constructing nations resembling Brazil, Russia, India, and China.
• not anything is de facto new: something deemed “innovative” or “unprecedented” is mostly simply overhyped, as with regards to the web or television, airplanes, and railroads earlier than it
• and never a piece off the topic, and intensely vital: Boys will desire you greater than you’ll want them!
Wise and hot, obtainable and inspiring, A present to My Children is a brilliant present for all these simply beginning to put money into their futures.
Read or Download A Gift to My Children: A Father's Lessons for Life and Investing PDF
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Extra info for A Gift to My Children: A Father's Lessons for Life and Investing
People who have turned to the stock market to invest for their children’s education or even their own retirement are bewildered. There appears to be neither rhyme nor reason to the market, only folly. Far above the market madness stand the wisdom and counsel of Warren Buffett. In an environment that seems to favor the speculator over the investor, Buffett’s advice has proven, time and again, to be a safe harbor for millions of lost investors. ” and Preface xxxvii occasionally they will be right.
Thus Warren Buffett acquired not only two modestly healthy companies, but also a cast-iron vehicle for managing investments. 2 million. In two years, the combined portfolio approached $42 million. This was a 16 The Warren Buffett Way handsome portfolio for a seasoned stock picker like Buffett. He had already experienced some limited success managing the textile company’s securities portfolio. 9 million in marketable securities. 4 million. In 1967, the dollar return from investing was three times the return of the entire textile division, which had 10 times the equity base of the common stock portfolio.
The answer is simple. I am myself, not them. I have to use my own comparative advantages. I’m not as shrewd a judge of people as my father and I’m not the genius Buffett is. It is important to use this book to learn, but don’t use this book to be like Warren Buffett. You can’t be Warren Buffett and, if you try, you will suffer. Use this book to understand Buffett’s ideas and then take those ideas and integrate them into your own approach to investing. It is only from your own ideas that you create greatness.
A Gift to My Children: A Father's Lessons for Life and Investing by Jim Rogers