Jim Rogers

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For the "People's Lawyer" and Bay Area politician , see Jim Rogers (politican).

James "Jim" Beeland Rogers, Jr (born 19 October 1942) is co founder along with George Soros, of the Quantum Fund. College professor, author, world traveler, economic commentator and creator of the Rogers International Commodities Index (RICI); Jim is profiled in the book Market Wizards by Jack D. Schwager. He grew up in Demopolis, Alabama, and got started in business at the age of five, selling peanuts. He got his first job on Wall Street, at Dominick & Dominick, in 1964 after graduating from Yale University. When he got the job he "didn't know anything" about Wall Street, and "didn't even know that there was a difference between stocks and bonds," but he "instantly fell in love" with that kind of work.

1 Education
2 Business
- 2.1 RICI returns
3 Travels
4 Sayings
5 External links
6 Further reading

[edit] Education

B.A., Yale University, 1964
M.A., Oxford University 1966

[edit] Business

After studying at Oxford, Rogers came back to the U.S. and joined the Army for a few years. In 1970, he joined Arnhold & S. Bleichroeder, where he met George Soros.

The same year, he and Soros founded the Quantum Fund. During the following 10 years the fund gained 3,365% according to Mr. Rogers ("from 12-31-1969 to 12-31-1980, the Soros Fund chalked up a gain of 3,365%") while the Dow Industrials advanced about 20% (963.99/800.36) ([1]). It was one of the first truly international funds. In 1980, he decided to "retire."

Since then, he's been a guest professor of finance at the Columbia University Graduate School of Business. In 1989 and 1990 he was the moderator of WCBS's "The Dreyfus Roundtable" and FNN's "The Profit Motive with Jim Rogers." In 2002, he became a regular guest on FOX News Cavuto on Business which airs every Saturday.

In 1998 he founded the Rogers International Commodity Index, which has increased 263% since Aug. 1, 1998 (as of June 2006). In 2005, Rogers wrote the book 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, titled 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 counter to conventional investment thinking.

[edit] RICI returns

July 31 1998 - July 30 2004 (6 years) (closing prices) RICI returns compared with equity, debt, real estate.

Rogers International Commodities Index (RICI) +167.441%
S&P 500 Index -1.69%
Lehman Long Treasury Bond Index +49.36%
Vanguard REIT Index +28.04%

[edit] Travels

In the 1980s he traveled on motorcycle through China. In 1990-1992 he traveled through China again, and around the world, on motorcycle, 65,065 miles across six continents, which was picked up in the Guinness Book of World Records. He tells of his adventures and worldwide investments in the book "Investment Biker" Between 1-1-1999 and 5-2-2002 he did another Guinness World Record journey through 116 countries, covering 245,000 kilometers with his fiance Paige Parker in a Mercedes-Benz GLK-Class that was designed by Harald Pietschmann. The trip began in Iceland, which was about to celebrate the 1000th anniversary of Leif Eriksson's first trip to America. On January 5th 2002 they were back in New York City and their home on Riverside Drive. He wrote Adventure Capitalist following this around-the-world adventure.

Jim Rogers is set to appear at the FXCM Forex Trading Expo in Las Vegas on December 10 2006, where he will be delivering the keynote address.

[edit] Sayings

You get your information from the Russian government and the World Bank!? Are you mad?
You do your research, pick the companies you like and buy them. Otherwise you might as well sit home and watch the movies.
Luck always follows the prepared mind. by Amro Amro
It is better to remain silent and have people wonder if you are an idiot, rather than to open your mouth and prove to everyone you are an idiot beyond all doubt.
Sometimes I wonder if our central bank is just going to print money until we run out of trees.
Even my mother knows there was a bubble(Regarding the late 90s tech bubble)
Teach your children Chinese
They wouldn't be politicians if they knew what they were doing
It's run by a madman(Talking about Malaysia)