Rogers, known as the walking money printing machine, what kind of legendary life does he have?

Jim. Rogers is a man of the hour on modern Wall Street, regarded as the most far-sighted international investor and one of the most successful practitioners in American securities industry. He graduated from Yale University and Oxford University and started his investment management career. 1970 and Soros * * * founded the Quantum Fund. The average annual rate of return of quantum funds has exceeded 50% for ten consecutive years. 1980, 37-year-old Rogers withdrew from the Quantum Fund, and he accumulated tens of millions of dollars for himself. After 1980, Rogers started his investment career. It has become one of the largest investors in the world.

The life of the character

Rogers graduated from Yale University and Oxford University and chose the investment management industry to start his career. 1970, he and another famous investor Soros set up the quantum fund. Rogers is in charge of securities analysis, while Soros specializes in securities trading. Their successful cooperation has enabled the average annual rate of return of Quantum Fund to exceed 50% for ten consecutive years. At the beginning of 1970, the amount of assets of Quantum Fund was12 million USD, and by 1980, it had increased to 250 million USD. 1980, 37-year-old Rogers withdrew from Quantum Fund, and his excellent financial management skills accumulated tens of millions of dollars for himself.

Rogers

After 1980, Rogers started his investment career.

Rogers is well-read and knowledgeable. He always thinks that the most important quality of investors is the ability to think independently. His profound knowledge laid a solid foundation for his independent thinking. Investing in global stock market information is a particularity of modern investors. Rogers is a leader in this field.

1984, the external attention is not high. When the Austrian stock market plunged to half of 196 1, Rogers personally visited Austria. After careful investigation and study, Rogers concluded that the opportunity had come. He bought a lot of stocks and bonds of Austrian enterprises. In the second year, the Austrian stock market came back to life, and the Austrian stock market index rose 145% in the sudden price increase. Rogers made a lot of profits, so he was called the father of Austrian stock market.

1987, the Japanese stock market gradually slowed down after several years of continuous rise. Rogers foresaw that the decline of Japanese stock market was about to begin. From 65438 to 0988, he began to short Japanese stocks in large quantities. As he expected, every Japanese stock he shorted fell one after another, and he made a fortune.

1987 in the first half of the year, he foresaw that the American stock market was about to plummet, so he shorted the stock in time. 198710 June19, the American stock market plummeted, and his short-selling operation was successful again.

In stock selection, Rogers is most concerned about not how much profit a company will make in the next quarter, but what kind of impact macro factors such as society, economy, politics and military will have on the fate of an industry and what kind of changes will happen to the prosperity of the industry. As long as the investor's prediction is accurate, and the market price of a stock is far from this predicted price, then this is the most profitable stock. Therefore, once Rogers found that some long-term policy changes and economic trends were beneficial to an industry, he immediately predicted that the industry would prosper, so he bought a large number of shares of all companies in this industry. Big and strong.

During the period of 1974, the profits of Lockheed Aerospace Company, which produces aircraft and military equipment in the United States, fell sharply. There were many international rumors that it was about to go bankrupt, and its share price plummeted to the bankruptcy price of 2 yuan. The sober Rogers saw from the international competition pattern that the contest of military technology between the United States and the Soviet Union will inevitably intensify, and the American government will inevitably attach great importance to producing the best national defense equipment. So Locke will get strong support from American policy. Based on this vision, when people abandoned Locke's stock in large quantities, Rogers bought it in large quantities. Soon after, Locke's stock suddenly broke out from the silence, and its share price rose from 2 yuan to 120 USD. Rogers made a killing.

Classic investment

1973, during the Egypt-Israel war, Egyptian and Syrian troops launched a large-scale attack, killing and injuring thousands of people in Israel and causing heavy losses to tanks and planes. Israel was shocked to find that although it had better planes and pilots, the Egyptian Air Force obviously had unusual advantages. Rogers found that the reason was that the former Soviet Union provided electronic equipment to Egypt, while the United States could not provide these equipment to Israel at that time. Because the national defense work of the United States during the Vietnam War was mainly based on daily supplies, ignoring long-term scientific and technological development. Once the U.S. Department of Defense realizes this, large-scale investment will be inevitable.

During the period of 65438-0974, the profits of Lockheed Airlines, which produced aircraft and military equipment, fell sharply, and there were numerous rumors in the market that it was about to go bankrupt. During this period, the stock price fell to the bankruptcy price: 2 yuan. The sober Rogers saw from the international competition pattern that the contest of military technology between the United States and the Soviet Union will inevitably intensify, and the American government will inevitably attach great importance to producing the best national defense equipment. Therefore, Locke will receive strong policy support from the US government. Based on this vision, he bought a lot of shares in Locke. Soon after, Locke's stock suddenly broke out from the silence, and its share price rose from 2 yuan to 120 USD. There was also E System Company, which was still unknown at that time, but Rogers consulted Lockheed, read periodicals and consulted military experts, and knew that this company was their main competitor, so he bought a lot. Starting from 0? The fund made a lot of money when it rose from $5 to $45. Rogers attached great importance to independent thinking in this investment. He never consulted the so-called stock market analysts, thinking that they would only talk on paper, either blindly arrogant or alarmist. Stock market analysts are a bit like fortune tellers. If the facts are as they analyze, aren't they all rich? So Rogers believes that the most important thing for investors is to cultivate the ability of independent thinking. This is also the biggest reason why he and Soros succeeded.

The most prominent feature of Rogers is that when the market is the craziest, his mind is surprisingly calm. When the market starts to jump, he becomes a decisive short seller again. A few days later, people can see that those crazy investors have become a panic group. As he said: "If the market continues to run in the wrong direction, especially to a crazy climax, then you will know that the market will provide you with another opportunity to make big money." 1987 10, when a reporter interviewed James? Rogers, who foresaw that the American stock market was about to plummet and expire? So short the stock in time. 198710 June19, the American stock market plummeted, and his short-selling operation was successful again.