Mr. Jim Rogers, the famous international investment guru, will come to the forum to deliver a keynote speech on "Prospects for Price Trends in Global Commodity Markets in the Next Ten Years" and answer questions from the audience on the spot. Sina.com is the exclusive portal network partner of the forum. The following is Jim Rogers, an internationally renowned investor and professor of finance, answering questions from the audience: Great Wall Weiye Futures: In fact, we all know that Mr. Rogers is a successful financial investor, and we all want to ask Mr. Rogers two questions: What does Mr. Rogers think of a successful financial investor? What basic qualities do investors need to possess? Second, although Mr. Rogers was a successful investor in his life, how many major setbacks did he encounter in his life? How did you overcome these setbacks? Jim Rogers: That's a really good question. First of all, investing has never been easy. It has always been like this for me. I often see people on TV talking about how easy it is to invest, how much money they made, etc. In fact, it has never been like this. Making money by investing is not It’s easy, so don’t believe what is said on TV or in newspapers. The only way is to do very good research. I'm a very bad short-term trader and I'm not very good at timing the market, I'm probably the worst at that. The way I invest is I find something that's really cheap but is going through fundamental changes, and then I invest and hold it for years. I have told everyone that I have never sold Chinese stocks. I expect this situation will continue for many years, that is, I will hold it for many years, I will do a lot of research, and I will always continue to Determine whether my investment is correct.

I have definitely made a lot of mistakes. The final method is that you know how to lose money, because once you lose money, you will know something went wrong. I learned a lot every time I lost money in the past. Almost every time I lost money or made a mistake, it was because I didn't do enough homework. I originally wanted to blame the stockbroker or someone else, but every time I lost money it was because I didn't do enough homework, I became lazy, or I wasn't focused enough, I didn't check something, etc. Every time something goes wrong, it definitely makes me feel sad and makes me do more homework next time. But I want to tell you, I have lost money in the past, and if you lose money, it will definitely tell a lot about myself about investing. When I first entered this industry, I was very, very successful in the first two years. When others were losing money, I was very successful, so I became very proud and arrogant, and I thought it was easy to invest. During the five months, I lost everything and all the money I earned. This experience taught me a lot of things that I had not considered before. It also told me that many markets know more than me. More, and the market tells me that I should do more homework, telling me that I should reserve more resources to deal with problems when they arise. In the end, even though I lost a lot of money, it didn't matter because everything I had was lost, and there was no way I could hold on until the end because I was already broke. When I succeed, I feel very proud. Therefore, everyone must be very cautious and not be arrogant. Even if you do the right thing, including becoming popular, you will have nothing, as my experience tells everyone.