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He's the swashbuckling world traveler and legendary investor who made his fortune before he was forty. Now the bestselling author of A Bull in China, Hot Commodities, and Adventure Capitalist shares a heartfelt, indispensable guide for his daughters (and all young investors) to find success and happiness. In A Gift to My Children, Jim Rogers offers advice with his trademar He's the swashbuckling world traveler and legendary investor who made his fortune before he was forty. Now the bestselling author of A Bull in China, Hot Commodities, and Adventure Capitalist shares a heartfelt, indispensable guide for his daughters (and all young investors) to find success and happiness. In A Gift to My Children, Jim Rogers offers advice with his trademark candor and confidence, but this time he adds paternal compassion, protectiveness, and love. Rogers reveals how to learn from his triumphs and mistakes in order to achieve a prosperous, well-lived life. For example: - Trust your own judgment: Rogers sensed China's true potential way back in the 1980s, at a time when most analysts were highly skeptical of its prospects for growth. - Focus on what you like: Rogers was five when he started collecting empty bottles at baseball games instead of playing. - Be persistent: Coming to Yale from rural Alabama, and in over his head, Rogers never stopped studying and wound up with a scholarship to Oxford. - See the world: In 1990, Rogers traveled through six continents by motorcycle, gaining a global perspective and learning how to evaluate prospects in rapidly developing countries such as Brazil, Russia, India, and China. - Nothing is really new: anything deemed "innovative" or "unprecedented" is usually just overhyped, as in the case of the Internet or TV, airplanes, and railroads before it - And not a bit off the subject, and very important: Boys will need you more than you'll need them! Wise and warm, accessible and inspiring, A Gift to My Children is a great gift for all those just starting to invest in their futures.


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He's the swashbuckling world traveler and legendary investor who made his fortune before he was forty. Now the bestselling author of A Bull in China, Hot Commodities, and Adventure Capitalist shares a heartfelt, indispensable guide for his daughters (and all young investors) to find success and happiness. In A Gift to My Children, Jim Rogers offers advice with his trademar He's the swashbuckling world traveler and legendary investor who made his fortune before he was forty. Now the bestselling author of A Bull in China, Hot Commodities, and Adventure Capitalist shares a heartfelt, indispensable guide for his daughters (and all young investors) to find success and happiness. In A Gift to My Children, Jim Rogers offers advice with his trademark candor and confidence, but this time he adds paternal compassion, protectiveness, and love. Rogers reveals how to learn from his triumphs and mistakes in order to achieve a prosperous, well-lived life. For example: - Trust your own judgment: Rogers sensed China's true potential way back in the 1980s, at a time when most analysts were highly skeptical of its prospects for growth. - Focus on what you like: Rogers was five when he started collecting empty bottles at baseball games instead of playing. - Be persistent: Coming to Yale from rural Alabama, and in over his head, Rogers never stopped studying and wound up with a scholarship to Oxford. - See the world: In 1990, Rogers traveled through six continents by motorcycle, gaining a global perspective and learning how to evaluate prospects in rapidly developing countries such as Brazil, Russia, India, and China. - Nothing is really new: anything deemed "innovative" or "unprecedented" is usually just overhyped, as in the case of the Internet or TV, airplanes, and railroads before it - And not a bit off the subject, and very important: Boys will need you more than you'll need them! Wise and warm, accessible and inspiring, A Gift to My Children is a great gift for all those just starting to invest in their futures.

30 review for A Gift to My Children: A Father's Lessons for Life and Investing

  1. 5 out of 5

    ☘Misericordia☘ ⚡ϟ⚡⛈⚡☁ ❇️❤❣

    So cutesy! A successful investor gives worldly advice to his daughters. A lot of it we know, most of it, probably. Doesn't worsen it, though. Some things need to be reiterated again and again for us (and our kids, especially!) to pay enough attention to! Very short, very quick and very experienced. The author is not pretending to give the all-around advice on all things ever. What he does is what he says he does: gives his kids some pointers. Q: If anybody laughs at your idea, view it as a sign of So cutesy! A successful investor gives worldly advice to his daughters. A lot of it we know, most of it, probably. Doesn't worsen it, though. Some things need to be reiterated again and again for us (and our kids, especially!) to pay enough attention to! Very short, very quick and very experienced. The author is not pretending to give the all-around advice on all things ever. What he does is what he says he does: gives his kids some pointers. Q: If anybody laughs at your idea, view it as a sign of potential success! (c) Q: Beware of all politicians everywhere. They excelled at recess when they were in school but have excelled at little since. (c) Q: If everyone saw himself as a citizen of the world rather than of his town, city or country, the world would be a more peaceful, better place where success in all forms is abundant and available to all. (c) Maybe?

  2. 5 out of 5

    Erwin

    Jim Rogers, excellent as ever. This is a very short read, but it is something that everyone should read, and one day when I have children, they will definitely read this book --- ideally, yearly. I'm fortunate, in that it seems that these things do come naturally to me, but Roger's has done a great job distilling these points into easy to communicate parables. > Trust Your Own Judgement. The mob is usually wrong. Ignore them. Go your own way. > Do What You Love. It's not about the money, it's about Jim Rogers, excellent as ever. This is a very short read, but it is something that everyone should read, and one day when I have children, they will definitely read this book --- ideally, yearly. I'm fortunate, in that it seems that these things do come naturally to me, but Roger's has done a great job distilling these points into easy to communicate parables. > Trust Your Own Judgement. The mob is usually wrong. Ignore them. Go your own way. > Do What You Love. It's not about the money, it's about the journey, which always ends the same. > Don't Give Up. No matter what you do, don't stop. You're never done. It's never "enough". > See The World. Don't have a nationalistic viewpoint. Have a global prospective. > It's Never Different. There never will be a "new economy". > Boys need Girls more than Girls need boys. Another Reader's Summary: * Swim your own races - do not let others do your thinking for you; - rely on your own intelligence; - it's important to decide for yourself what's important to you and what you want before you turn to others; - if anyone laughs at your idea, view it as a sign of potential success; - be who you are; be original; be bold; - above all, be ethical; - save ~ you must avoid the trap of spending $ willy nilly simply because you can; * Focus on what you like - Age is irrelevant when you are passionate about a goal; - when you find something that interests you, just do it! - The quickest way to success is to do what you like and give your best; - Dedicate yourself to what you feel passionate about; - Try as many things as you can, then pursue the one about which you're passionate; * Good habits for life - Be a self-starter; - Attention to details is what separates success from failure; - However trivial it may seem, you must research and check each and ever piece of information you need to make a decision... Only through meticulous research will you obtain the knowledge necessary for success... it requires abundant work and diligence... - There is no such thing as "enough". No finish line! - Live your life with a dream; - If you continue to be passionate and work hard at what you truly love to do, you eventually find that dream; * Uncommon Sense - Always consider alternative interpretations; - Seek out multiple perspectives on the same story will always help you figure out the truth; * Your education ~ Let the world be a part of your perspective PART 1 - Do not rely on books; go and see the world; - Experience life as they do; see the world from the ground up. By observing ordinary life... you will forever be stumbling upon experiences that will raise important question in your mind ; - Understand the significance of BRICs; - Be open to people who are different whether at home or abroad; - Keep an open mind and be a world citizen; - Be eager to move if you see opportunities; * Your education ~ Learn philosophy and learn to think PART 2 - Philosophy will teach you how to think for yourself; - You must learn to think at a profound level if you want to understand yourself and what's important to you. You must know yourself if you want to accomplish anything in life...; - To think outside the established framework, to examine things independently this is true philosophy...; - Draw conclusions from your observations as well as on the basis of logic; - As an investor, look for the bull and the bear; * Your education ~ Learn history PART 3 - An interest in history, politics, and economics will help you see the world with clearer perspectives; - Nothing is really new: what is happening now has happened before and will happen again; * Your education ~ Learn languages (make sure that Mandarin is one of them) PART 4 - Mandarin will be the next global language; - Pay attention to the major changes taking place in the world now, especially China; * Know thyself by understanding your weaknesses and acknowledging your mistakes - Know who you are; - To be a successful investor you really need to understand psychology, history, and philosophy; * Recognise change and embrace it - Everything changes. Everything; - Embrace the principle of supply and demand; - Change can be a catalyst; - Adapt or die; * Look to the future - Read the newspapers, but think differently; - Pay attention to what everyone else neglects; - If you are looking for success, be quick to start something new, something that no one else has tried; - The more certain something is, the less likely it is to be profitable; - Do not think in terms of what you wish (ergo, wishful thinking versus willful doing); - Know when not to do anything; * Lady Luck smiles on those who continue in their efforts - Do your homework' - If you let vanity and self-importance (ego) take over, you will lose all that you have achieved; - Never let yourself become arrogant. Study hard. The more you learn, the more you will realise how little you know - armed with this humility, you will never lose sight of the distance between self-confidence and self-importance; - Do not stop when you are working towards your dream; * Epilogue - The devil of life is always in the details; - Anything that is a must-see, must-try, must-read, must almost certainly be avoided, especially if it is popular; - Use good manners no matter where you are or whom you meet; - Learn to do as much arithmetic and figures as possible in your head; - Take care of yourself; - Learn to stay calm; - Once you do get to know and understand yourself, remember who you are and stay with it; - Don't be greedy

  3. 5 out of 5

    David Nealis

    A Gift to My Children: A Father's Lessons for Life and Investing. Legendary investor Jim Rogers co-foundered the Quantum Fund with George Soros in 1970; then he retired at the age of 37, he spent a number of years traveling the world by motorcycle and later traveling the world with his wife by car. He has taught at Columbia University and authored the best selling books: Adventure Capitalist, Investment Biker, Hot Commodities, and a Bull in China. In A Gift to My Children, Jim Rogers writes about A Gift to My Children: A Father's Lessons for Life and Investing. Legendary investor Jim Rogers co-foundered the Quantum Fund with George Soros in 1970; then he retired at the age of 37, he spent a number of years traveling the world by motorcycle and later traveling the world with his wife by car. He has taught at Columbia University and authored the best selling books: Adventure Capitalist, Investment Biker, Hot Commodities, and a Bull in China. In A Gift to My Children, Jim Rogers writes about how to learn from our own achievements and our own mistakes in order to achieve a successful well-lived life. I am always amazed when he admits a mistake and then makes a great lesson from it. If you have read his other works you will see some of his basic principles again; think for yourself, see the world, be persistent, focus on what you have passion for, and trust your own judgment. I found this short book an enjoyable read, there are lessons in life for all of us in this book, people familiar with his work will quickly recognize his down to earth easy to read style of writing but this time he adds paternal love and protectiveness to it. This book is very touching, I hope that Jim Rogers' daughters will be proud that their father not only took the time to write a book for them but also put his heart into it. Having met Jim Rogers and his daughter Baby Bee in their Singapore home, I can say this man lives as he preaches and if you have ever listen to him speak you would be able to hear his words ring true in this book, I believe you would find this book a valuable read if you are an investor or just a parent who would like to pass along wisdom to your children.

  4. 4 out of 5

    DT

    This is my new favorite book. It's a quick short read but I took my time savoring each chapter's wisdom. I actually felt quite touched while reading it. It felt very personal and he writes from the perspective of giving advice to two of his daughters. He was very frank and straightforward but at the same time said everything in a thoughtful and caring way. I learned a lot of important things and also was reminded of a lot of things reading this book. A LOT of valuable advice on life and also inv This is my new favorite book. It's a quick short read but I took my time savoring each chapter's wisdom. I actually felt quite touched while reading it. It felt very personal and he writes from the perspective of giving advice to two of his daughters. He was very frank and straightforward but at the same time said everything in a thoughtful and caring way. I learned a lot of important things and also was reminded of a lot of things reading this book. A LOT of valuable advice on life and also investing. You can also apply all of his investing advice to your daily life too. I freaking loved every bit of this book. I've got a LOT of respect for Jim Rogers and his accomplishments. He grew up in rural Alabama coming from a blue collar family. And then later won a scholarship to Yale. He cofounded Quantum Fund with George Soros and his fund rose 4,200% in the 70's while the S&P rose just 47%. Wow. Along with that he made a world trip where he motorcycled across six continents and broke a Guiness record for that. And then after that made a car drive across 116 countries!!!!! Setting another Guiness Record. Holy shit!!!! Talk about setting life goals.... My favorite passage from the book was: "Look at yourself in the mirror and ask what drives you. If you can understand these things up front, you are more likely to be able to keep your head in a crisis. Also observe how you react to mistakes, so that you can respond more constructively the next time things go wrong. For example, I know now that I often see things well before and therefore act much too soon. So I have tried to discipline myself to wait. When I was younger, I nearly always got swept away when stocks were rising amid mass hysteria or when people were dumping in panic. I often joined in too. I have learned that when I am frantic to join a trend, I must steel myself to do the opposite. It is extremely difficult to say "buy" when everyone else is selling and I am desperate to join in, but I have learned a bit about my own emotions over the years. Granted, we all make mistakes. The important thing about making errors in judgement is the ability to admit those errors. If you grow into adulthood unable to acknowledge your mistakes - in life, as well as in investing - you will learn your lessons the hard way. Only when you recognize mistakes will you be able to make the corrections necessary to put yourself on the right path." I love this book and know it will be a book I will be re-reading over and over again.

  5. 4 out of 5

    Jin Kok

    This review has been hidden because it contains spoilers. To view it, click here. The knowledge he impart to his children is unsurmountable, it's what I would like to say to my kids too about life and investing, interesting to note that when it comes to doing something with success, you have to completly understand it or else fall hard to those with trickery. The author mentioned that he came across a Diamond Merchant in Africa and that he evaluated it to be 70k and he manage to haggled to USD500, and when after he evaluated the actual value of the jewel, he found out it's act The knowledge he impart to his children is unsurmountable, it's what I would like to say to my kids too about life and investing, interesting to note that when it comes to doing something with success, you have to completly understand it or else fall hard to those with trickery. The author mentioned that he came across a Diamond Merchant in Africa and that he evaluated it to be 70k and he manage to haggled to USD500, and when after he evaluated the actual value of the jewel, he found out it's actually fake. So is very important to find out what you can about it before going into it. Another interesting note, I found was, conventional wisdom or trend, may be the popular one, but not necessary the right one, because when TV just started out for example, many people claimed that people would not waste their time in front of it, and now see how much impact does it have on the people. Take also the example of how many people perceive that China is a backward country by the Western Media in the 1960's because media would just portray news that is conventional and mostly believed by the masses. However during the same time China was showing sign of booming, and many people fail to see it, and now China has many multimillionaires and billionaires. The other note I like about the author is that, he talked about mastering languages, if that's the case I would see the important trend is to study what is upcoming and from what I can see, is the Korean Language impact as take Psy on Gangnam style and many faces from Korea: SNSD, 2NE1, Super Juniors they are sweeping they wave and making a huge impact there. I would also add to the language best learned: Korean, Mandarin and English as a must for everyone.

  6. 4 out of 5

    Alberto Lopez

    A fantastic short book from a man who has perhaps seen it all. Many stock market prognosticators have their fair share of detractors; but I just can't see Jim Rogers having any. After all, it is difficult to argue with real-life success. The book touches on a little bit of his trading experience but mainly drives the idea of dedicated research and independent thought. It is meant as advice to his daughters. I too want my daughters to read it. For the expanded review see http://albertoalopez.blog A fantastic short book from a man who has perhaps seen it all. Many stock market prognosticators have their fair share of detractors; but I just can't see Jim Rogers having any. After all, it is difficult to argue with real-life success. The book touches on a little bit of his trading experience but mainly drives the idea of dedicated research and independent thought. It is meant as advice to his daughters. I too want my daughters to read it. For the expanded review see http://albertoalopez.blogspot.com/201...

  7. 4 out of 5

    Daisy Luo

    Quick easy read from Jim Rogers. Whilst some of the advice seems unconventional, they are in fact practical and wise. Take it from a successful guy whose travelled almost everywhere and nearing his 70s. The advice on life is great but I would be cautious of any of his investment advice and "predictions". Still it is a book I would rely to my children. Quick easy read from Jim Rogers. Whilst some of the advice seems unconventional, they are in fact practical and wise. Take it from a successful guy whose travelled almost everywhere and nearing his 70s. The advice on life is great but I would be cautious of any of his investment advice and "predictions". Still it is a book I would rely to my children.

  8. 5 out of 5

    Andreas Tovefalk

    The book was to short , i wish he could have gone deeper into his advises and subjects . He has so much knowledge and experience that he could have written more . But i enjoyed it .

  9. 4 out of 5

    Mien

    This review has been hidden because it contains spoilers. To view it, click here. Reflect on situations where conventional wisdom and custom were wrong. Find out what actually happened. This will help you develop knowledge and confidence so that the next time a decision is required you will be able to constructively analyze the assumption of majority. Research major bullish and bearish markets of the past, then figure out which historical events had contributed to their rise and fall. What was going on in the world when prices skyrocketed or plummeted? Why did those events ser Reflect on situations where conventional wisdom and custom were wrong. Find out what actually happened. This will help you develop knowledge and confidence so that the next time a decision is required you will be able to constructively analyze the assumption of majority. Research major bullish and bearish markets of the past, then figure out which historical events had contributed to their rise and fall. What was going on in the world when prices skyrocketed or plummeted? Why did those events serve as a catalyst? This teaches you how to anticipate future changes. The most important thing about making errors in judgment is the ability to admit those errors. Only when you recognize your mistakes will you be able to make the corrections necessary to put yourself on the right path. Whenever we enter a so called new era, folks start to ignore decades old standards of valuations for investments because they believe the growth will be so dazzling that stocks will trade at unbelievable prices and then will triple and quadruple again. Classic measures like book value, earnings per share, and dividends will be ignored and even ridiculed.

  10. 5 out of 5

    Jay

    The famous investor wrote this book to share his life advice with his young daughter. There is another review on Goodreads that outlines Rogers’ advice, and that is a large majority of what he has written. What isn’t on that list but is in the book? - Rogers’ repeated commentary relating his infatuation with China. - Some stories about his upbringing that are interesting in a homespun way. - More love of China. I would love to see what Rogers would have written now, 11 years after the initial publi The famous investor wrote this book to share his life advice with his young daughter. There is another review on Goodreads that outlines Rogers’ advice, and that is a large majority of what he has written. What isn’t on that list but is in the book? - Rogers’ repeated commentary relating his infatuation with China. - Some stories about his upbringing that are interesting in a homespun way. - More love of China. I would love to see what Rogers would have written now, 11 years after the initial publication, after having lived in China. I wonder if the infatuation is still there, and if the investing advice to his daughter, high on China and Brazil, continues or has been modified. The investing advice in particular seemed of its time. Overall, enjoyable for the guidance given to Rogers’ daughter, with anecdotes as well as investing advice mixed in with the life advice.

  11. 5 out of 5

    Amit

    This is a much more on life and a lot less on investing book. Written for his daughters, this book is a short tool kit distilled from his experiences - not only as a maverick trader but someone who circumnavigated the world twice over. The writing is essential Rogers - his passion for history, his penchant for commodities, his knack of opportunity spotting and his overwhelming preference for China are all here often concluding into “lessons”. It also doesn’t fail on self praise wherever possible This is a much more on life and a lot less on investing book. Written for his daughters, this book is a short tool kit distilled from his experiences - not only as a maverick trader but someone who circumnavigated the world twice over. The writing is essential Rogers - his passion for history, his penchant for commodities, his knack of opportunity spotting and his overwhelming preference for China are all here often concluding into “lessons”. It also doesn’t fail on self praise wherever possible though Rogers espouses simplicity as an necessity virtue for success. And though one finds his views on India uncharitable and disagreeable, his writing makes for an interesting read.

  12. 5 out of 5

    Gary

    First the pros: the revelation that Jim studied and still enjoys history and philosophy was both surprising and very interesting; it is packed with natural wisdom and good sense; the style is really enjoyable and easy; and the economics are as sound as they come. But there are a few negatives: Jim is an Atheist from what I can tell, and has a few unhelpful things to say about religion; much of the book is moral, but the morality is not always great or at all sufficient; and it is just too short! S First the pros: the revelation that Jim studied and still enjoys history and philosophy was both surprising and very interesting; it is packed with natural wisdom and good sense; the style is really enjoyable and easy; and the economics are as sound as they come. But there are a few negatives: Jim is an Atheist from what I can tell, and has a few unhelpful things to say about religion; much of the book is moral, but the morality is not always great or at all sufficient; and it is just too short! Still really liked it.

  13. 4 out of 5

    Sy. C

    Three stars, not because the book's not good, but because it's VERY short and many of the concepts overlap with those in Jim's other books (e.g. Adventure Capitalist, Street Smarts). Probably nice as a gift to friends' kids in their teens. Three stars, not because the book's not good, but because it's VERY short and many of the concepts overlap with those in Jim's other books (e.g. Adventure Capitalist, Street Smarts). Probably nice as a gift to friends' kids in their teens.

  14. 4 out of 5

    Ryan

    Haven’t read his other stuff so maybe I’m missing something, but nothing about this was impressive. You’ve got a small sampling of sound but generic investment advice and a bunch of warmed over romantic cliches about being true to yourself.

  15. 4 out of 5

    April Chiu

    Beautiful advice from Mr. Jim Rogers! This book has to be read and reread a few times. Especially when it comes to the part on psychology, remaining rational and calm, and building up self awareness in a overhyped society.

  16. 4 out of 5

    Y H

    Some sound advice off the top of my head .. (dont talk money politics religion unless you have to)

  17. 4 out of 5

    Airand Saniti

    Simple easy-to-read old man advice. Somehow it reminded me of some of my mom's advise. Something that I could easily reread as pocket book of reminder over time. Simple easy-to-read old man advice. Somehow it reminded me of some of my mom's advise. Something that I could easily reread as pocket book of reminder over time.

  18. 5 out of 5

    Rad

    The app deleted my review. I don't feel like repeating it. Absolutely great book, go read it, and save a copy for your kids. The app deleted my review. I don't feel like repeating it. Absolutely great book, go read it, and save a copy for your kids.

  19. 5 out of 5

    RM

    Long ago gift from dad.

  20. 5 out of 5

    Sonia

    Very easy to read. Chapter 14+ are more for kids but there are very good advice for everyone in chapters 1-13.

  21. 5 out of 5

    Boon

    A book that full of the wisdom from one of the most successful investor ever. Short and easy to read. I am going to recommend tis book to my daughters too.

  22. 5 out of 5

    Ifeoma

    This book contains such profound wisdom both for life and investing. I highly recommend it. It’s a book that deserves many reads.

  23. 4 out of 5

    Enkhjin

    As a father of two beautiful daugthers, this book has number of reflections on me and found useful tips and code of fatherhood.

  24. 4 out of 5

    Muin Rahman

    a very simple book where a father tells his son and daughter about finance and some important things about life from his own experiences.

  25. 4 out of 5

    Usa10111

    Easy reading and some good advice.

  26. 5 out of 5

    Aaron Karingo

    Changes your perspective on investing by bringing together other seemingly unrelated disciplines.

  27. 4 out of 5

    Angela Ye

    Short read, I like it quite a lot. It introduced me to some aspects of investing, but also had a lot of useful advice for general life.

  28. 5 out of 5

    Sangam Agarwal

    if you don't have time to read all of his books than you should read it as summary of all books. you will get best investing advice in very short period of time. if you don't have time to read all of his books than you should read it as summary of all books. you will get best investing advice in very short period of time.

  29. 4 out of 5

    Janni

    This book was written from dad’s heart, every father would tell the stories and teach their children like these if they had a chance. It’s a shortcut to everyone who want to begin your life journey, open your mind and study from great experiences. Thin book but you need to focus and read every paragraph.

  30. 4 out of 5

    Michael Armijo

    While having a chat with a prospective client (a teacher who lives in Washington DC) she mentioned a book about an Investor who learned much by simply traveling the world. I asked her to email me the name of the book. I ordered the book via Amazon and was taken by surprise to see that it was written by an investor that I know (indirectly) from many interviews via Financial News Network and CNBC. His name is Jim Rogers. He moved to Singapore in 2007 with his family. I found his book to be a simpl While having a chat with a prospective client (a teacher who lives in Washington DC) she mentioned a book about an Investor who learned much by simply traveling the world. I asked her to email me the name of the book. I ordered the book via Amazon and was taken by surprise to see that it was written by an investor that I know (indirectly) from many interviews via Financial News Network and CNBC. His name is Jim Rogers. He moved to Singapore in 2007 with his family. I found his book to be a simple one to read. It was written for his young daughters as a self-help book to read throughout their lives. He is a much OLDER father and I can understand his feelings of aging. After all...no one is immortal. Alas, I did NOT agree with every word he wrote but much of his advice and wisdom is worthy of reading. These are the lines that I totally agree with and have written down for future reference: “There is always something you can be doing. When there’s nothing else to do, dust the shelves.” -Jim Rogers Sr. Attention to details is what separates success from failure. When you decide to purse investing or whatever your fancy, do not underestimate the value of due diligence. Never blindly accept what you hear or read, no matter how many people believe it or how strongly they advocate it. Always consider alternative interpretations. The popular belief embraces by the larger society are often mistaken. “Common sense is NOT so common.” --French writer, VOLTAIRE “If everyone is thinking the same thing, someone is NOT thinking.” --US Army General George Patton People everywhere are basically the same, no matter their ethnic group, language, religion, food, or dress. Brazil, Russia, India, and China are destined to be the world’s leading economies by the year 2050, and therefore are rife with investment opportunities. To think outside the established framework, to examine things independently—this is true philosophy. Studying philosophy trains a person to examine every concept and every ‘fact’. THINK in a balanced way. As soon as you hear in the news about a hard landing in the Chinese economy…consider it the BEST opportunity to buy into Chinese stocks… Look at yourself in the mirror and ask what drives you. Only when you recognize your mistakes will you be able to make the corrections necessary to put yourself on the right path. To be a successful investor, you really need to understand psychology as well as history and philosophy. Very often emotions drive the market up and down. Losing your perspective in the midst of market panic is equivalent to losing your money in the market. Large price declines across the board should attract your attention…buy during times of panic. Refusing to accept change is like swimming against the current of a thundering river. Try to resist the force, and you will not last very long. Foresee the future…READ THE NEWS. Do NOT cling to anything that will eventually cease to exist. If you really want to succeed in the world, gamble on what you know will survive. NOTHING in this world is absolutely certain. There is rarely any reason to rush in after a period of mania. Anytime that you think you’ve become a financial genius…it is time to sit back and do NOTHING for a while. In a BULL market…investing at that point is dangerous, because you are starting to think like everybody else. Wait until the mob psychology that is influencing you subsides. The more you LEARN, the more you will realize how little you know. Always buy quality products. They last longer and retain more value. Always eat before you go grocery shopping. If you’re hungry when you go, you’ll end up buying more food than you need! …a MUST SEE, MUST TRY, MUST READ should almost certainly be avoided, especially if it is popular. Use good manners no matter where you are. Beware of all politicians. Prove yourself by your actions rather than by talking about money…OR flashing it about. Take care of yourself! It is difficult to be successful if you aren’t healthy and rested. Learn to stay calm…especially in times of pressure or turmoil. Being greedy nearly always causes problems.

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