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James "Jim" Rogers (born 19 October 1942) 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 during the summer between College and Yale University. When he got the job he "didn't know anything" about Wall Street, he "didn't know the difference between stocks and bonds", he "didn't even know that there was a difference between stocks and bonds", but he "instantly fell in love" with that kind of work.
Education
Business
After Oxford he went back to the US and joined the army, in 1970 he went back to Wall Street and joined Dominick and Dominick again. In 1970 he joined Arnold S. Bleichroeder, where he met George Soros.
In 1970 he founded the Quantum Fund with George Soros. During the following 10 years the fund gained "from 31.12.1969 to 31.12.1980, the Soros Fund chalked up a gain of 3,365%" while the Dow Industrials advanced about 20% (963.99/800.36) ([1] (http://www.streetstories.com/James_Rogers.htm)). 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, it has increased 185% since Aug. 1, 1998 (2004).
RICI returns
July 31 1998 - July 30 2004 (6 years) (closing prices)
- 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%
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. Between 1-1-1999 and 5-2-2002 he did another Guinness World Record journey through through 116 countries, covering 245,000 kilometers. The trip began in Iceland, where they were 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.
Sayings
- You get your information from the Russian government and the World Bank!? Are you mad?
External links
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