Trader fact files – Jim Rogers

By | July 28, 2016

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Jim Rogers is known as the better half of George Soros in founding the Quantum Fund. He was also instrumental in conducting the fund’s massive short position on the pound in anticipation of the 1992 UK Black Wednesday crisis.

Born in 1942, Rogers is an American businessman, investor, and author. He graduated with a degree in history from Yale University then earned his second degree in philosophy, politics, and economics from the University of Oxford.

Career

Rogers first learned about stocks and bonds in his stint at Dominick & Dominick LLC on Wall Street in 1964. In 1970, he joined investment bank Arnhold & S. Bleichroder where he met George Soros.

Soon after, Soros and Rogers left the investment bank to form their own fund, which gained 4200% in ten years while the S&P rose 47%.

In 1980, Rogers decided to retire and spend his time as a professor of finance at the Columbia Business School. He returned to the trading world in 1998 when he created the Rogers International Commodity Index.

Rogers has actually been a guest in a number of financial shows. He also wrote several manuals including Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market, A Bull in China: Investing Profitably in the World’s Greatest Market, and Street Smarts: Adventures on the Road and in the Markets.

Facts

Rogers was born in Maryland but raised in Demopolis, Alabama. In 2007, he sold his mansion in Brand-new York City for about $16 million then moved to Singapore.

“If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to Brand-new York City, and if you are smart in 2007 you move to Asia.”

 

Rogers was profiled in Market Wizards where he shares how he landed his first trading gig through a summer job from a guy he met who happened to work on Wall Street.

Rogers is known for his bullish bias on commodities. “If the world economy gets better, commodities are very good place to be in. Even if the world economy does not improve, commodities are still a fabulous place to be.”

He is also bullish on China, rumored to believe that educating his daughters on China could be the very best thing he could do for them. He has actually even bought them Chinese DVDs and hired Chinese nannies to teach them Mandarin.

Rogers is also known for his motorcycle adventures around the world. Between 1999 and 2002, he did a Guinness World Record journey through 116 countries riding a custom-made motorcycle with his wife, Paige Parker.

Greatest Achievements

Apart from creating the Rogers International Commodity Index in 1998, Jim Rogers also created the Rogers Global Resources Equity Index in 2011. This is comprised of the top companies in agriculture, mining, metals, and energy sectors, as well as firms in the alternative energy space.

The Quantum Fund, under the management of Rogers and Soros, reportedly earned 33% annualized returns for 30 years.

Jim Rogers invested in contract drilling company Helmerich & Payne even when business was bad, as he noticed that oil and gas companies were tapping increasingly into reserves. His investment soon paid off even when a number of analysts and advisors had dismissed the idea.

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