Rogers
James Rogers
The third core figure to introduce the Quantum Fund is also the most chic one. He invests while traveling around the world. This is James Rogers, one of the founders of Quantum Fund and known as the "Father of the Austrian Stock Market", travels around the world to invest globally.
James Rogers (Jim Rogers) is a former partner of the "Quantum Fund" that frightened Southeast Asian countries in 1997. He is an internationally renowned investor and finance professor. It has been included in famous yearbooks such as Jon Train's "Modern Investment Masters" and Jack Schwager's "Market Wizards". Rogers has also been featured in Time, The Washington Post, The New York Times, Barron's, Forbes, Fortune, The Wall Street Journal, Long-time contributor to The Financial Times.
In 1970, Rogers and Soros co-founded the Quantum Fund and achieved remarkable results. James Rogers was both an outstanding investor and an excellent university teacher. Since 1983, he has offered the most popular advanced securities analysis course at Columbia University. Even investment guru Warren Buffett praised him after listening to his class. Buffett believes that Rogers' grasp of market trends is unparalleled. Currently, Rogers also serves as the host of "Your Portfolio", the most popular program on CNBC, an American cable television channel.
Rogers' first round-the-world trip completed in 1989-1990 was recorded in the Guinness Book of World Records. As an internationally renowned investor, Rogers has invested in West Germany, Austria, Brazil, Singapore and other countries and achieved great success. In 1989, when Rogers traveled around the world for the first time, he invested in emerging countries around the world. In 1998, Rogers created the Rogers International Commodity Index (RICI). By November 2003, the index had increased by 117.46%, exceeding the major indexes in the same period. When Rogers traveled around the world for the second time in 1999, he invested in Shanghai B shares and also achieved great success. Time called Rogers the Indiana Jones of finance.
The Rogers Raw Materials Index RRMI was later renamed The Rogers International Commodity Index (RICI). From the creation of the Rogers International Commodity Index (RICI) to November 2003, the index has increased by 117.46%. The S&P 500 Index grew -5.574% during the same period. The Lehman Long Treasury Bond Index grew 49.30%. At the same time, the growth of Rogers International Commodity Index has also exceeded that of other commodity indexes, such as the Commodities Research Bureau Index (Commodities Research Bureau Index), Dow Jones-AIG Commodities Index (Dow Jones-AIG Commodities Index), etc., becoming the fastest growing commodity index. .
Rogers was born in October 1942 in an ordinary family in Alabama, southern United States. His father was an engineer in a chemical plant. Although no one in his family is engaged in the financial industry, Rogers has shown great investment talent since he was a child, just like Buffett made money by selling Coke as a child. At the age of 5, Rogers got his first job - picking up empty bottles on a baseball field. Soon after, he secured a concession to sell drinks and peanuts at Little League games. The father lent his 6-year-old son $100 in start-up capital to purchase the necessary peanut roasting machine. Five years later, the 11-year-old Rogers used his own labor income to pay off his father's "loan" and deposited his own $100 in a bank account. He became extraordinary at a young age.
He and his father used the $100 to go to the countryside to do speculative business, and used the money to buy calves whose prices were soaring day by day. And pay farmers to raise the calves, hoping to sell them the following year and get a good price. Because the buying point was too high, the speculation failed. It was not until 20 years later that Rogers understood the cause of the failure from books. Due to the Korean War, their investment in calves was completely swallowed up by the post-war price drop.