Jim rogers, born in Baltimore, Maryland, USA, is a man of the hour in modern Wall Street. He is regarded as one of the most far-sighted international investors and the most successful practitioners in American securities industry. Bian Xiao compiled Rogers' investment rules here for your reference. I hope everyone will gain something in the reading process!
Investor jim rogers, 600 USD,140,000 USD; Warren Buffett is regarded as an unparalleled trend leader of market changes; A dreamer who travels around the world twice, once by bike and once by car.
1.
"I don't think I'm smart, but I do work very, very hard. If you can work very hard and love your job, you have the possibility of success. " Soros also confirmed this. Soros said in an interview with reporters, "Rogers is an outstanding analyst, and he is particularly diligent. One person does the work of six people. "
Independent thinking
"I always find it useful to work hard. I find it easy and profitable if I only act in the way I understand, instead of asking others to tell me what to do. " Rogers never paid attention to the securities analysts on Wall Street. He thinks these people follow the crowd, but in fact no one can get rich by following the crowd. "I can assure you that the market is always wrong. We must think independently and must abandon the herd mentality. "
3. Don't go to business school
"Learn history and philosophy. Nothing is better than going to business school. As a waiter, travel to the Far East. " When Rogers was teaching at Columbia University of Economics, he always told all the students that he shouldn't come to the School of Economics, which was a waste of time, because if the opportunity cost was included, he would spend about $654.38 million+/kloc-0.0 million. The money is better spent on investment and business than on schooling. Although he may make money or lose money, it is better than sitting in the classroom and listening to "senior professors" who have never done business for two or three years.
4. Never lose money rule
"Don't do anything unless you really know what you are doing. If you make a profit of 50% in two years and lose 50% in the third year, you might as well put your money into the national debt market. You should wait patiently for a good opportunity, make money and profit, and then wait for the next opportunity. In this way, you can beat others. " "So, my advice is never to lose money, do what you are familiar with, and wait until you find an excellent investment opportunity."
5. Law of Value Investment If you buy goods because they have real value, you won't suffer heavy losses even if the timing is wrong.
"In normal times, it is best to sit still, buy and sell as little as possible, and always wait patiently for investment opportunities." "I don't think I'm a speculator, I'm just an opportunist, waiting for the opportunity to appear and attacking with confidence," Rogers said.
6. Waiting for the emergence of catalytic factors, the market trend often shows a long-term downturn.
In order to avoid the stagnation of funds in the market, you should wait for the catalytic factors that can change the market trend.
7. Be as quiet as the virgin rule
"One of the laws of investment is to do nothing unless something important really happens. Most investors always like to go in and out and find something to do. They may say,' Look how smart I am, my income has tripled.' Then they go to do other things, but they can't sit down and wait for the natural development of the general trend. "It is no good for Rogers to" take a chance "."This is actually a dead end that leads to the ruin of investors. " Some people who have suffered losses in the stock market will say,' I lost a sum of money, and I must find a way to earn it back. The more you encounter this situation, the more calm you should be, and wait until something new happens in the market before taking action. "
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 in the United States focuses on daily necessities and ignores 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 1974, the profits of Lockheed Airlines, which produces aircraft and military equipment, dropped sharply, and there were many rumors in the market that it was about to go bankrupt. During this period, the stock price fell to $2. 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 foresight, he bought a lot of Locke's shares. Soon after, Locke's stock suddenly broke out from silence, and its share price rose from $2 to 120. 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. The fund rose from $0.50 to $45 and made a lot of money. 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 outstanding 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." 198710/0 In October, when a reporter interviewed James Rogers, he foresaw that the US stock market was about to plummet, so he sold stocks in time. 1987101October19, the American stock market plummeted, and his short-selling operation was successful again.
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