Jim Rogers has three hot tips for investors: “Question everything, never follow the crowd, and beware of boys!”
Bloomberg printed an article about Jim`s latest book, “A Gift to My Children: A Father’s Lessons for Life and Investing”:
"Much of Rogers’s advice will be familiar to anyone who wants to get ahead. Be a self-starter, think for yourself and pursue something you’re passionate about. Do your own research and pay attention to details, however trivial they seem.
This sounds easy, but isn’t. His idea of due diligence involves reading every financial statement a company publishes, including the notes. Next step: Verify the statements.
“Talk to customers, suppliers, competitors and anyone else who might affect the company,” he says.
His plans for his daughters are so ambitious that I’m not sure whether to envy or pity them. They should learn philosophy, history and languages -- yet temper this education with travel aimed at seeing how different people live. Rogers has already started their education by moving his family to Singapore, where a Chinese governess talks to the girls in Mandarin."