Jim Rogers facts for kids
Quick facts for kids
Jim Rogers
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Rogers in 2010
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James Beeland Rogers Jr.
October 19, 1942 Baltimore, Maryland, U.S.
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| Education | Balliol College, Oxford (BA) Yale University (BA) |
| Occupation | Chairman of Beeland Interests Co-founder of the Quantum Fund and Soros Fund Management |
| Spouse(s) | Lois Biener (m. 1966–69) Jennifer Skolnik (m. 1974–77) Paige Parker
(m. 2000) |
| Children | 2 |
James Beeland Rogers Jr. (born October 19, 1942) is a famous American investor. He is also a financial expert who lives in Singapore. He is the head of a company called Beeland Interests, Inc. Jim Rogers also helped start two important investment groups: the Quantum Fund and Soros Fund Management. He also created a special index for raw materials called the Rogers International Commodities Index (RICI).
Jim Rogers doesn't follow just one way of thinking about money. But he has said his ideas are most like the "Austrian School" of economics. This way of thinking focuses on how people make choices and how markets work naturally.
Contents
Jim Rogers' Early Life and Education
Jim Rogers was born in Baltimore, Maryland. He grew up in Demopolis, Alabama. In 1964, he earned a degree in history from Yale University. After that, he got his first job on Wall Street, which is the center of finance in New York City. In 1966, he earned another degree from the University of Oxford in England. He studied philosophy, politics, and economics there.
Jim Rogers' Business Adventures
In 1964, Jim Rogers started working at a company called Dominick & Dominick LLC. This is where he first learned about buying and selling stocks and bonds. From 1966 to 1968, he served in the U.S. Army.
In 1970, Rogers joined an investment bank called Arnhold and S. Bleichroder. There, he worked with another famous investor, George Soros.
Starting the Quantum Fund
In 1973, Jim Rogers and George Soros decided to leave their jobs. They started their own investment fund called the Quantum Fund. This fund was very successful. From 1973 to 1980, the Quantum Fund grew by an amazing 4,200%. During the same time, the S&P 500 (a measure of the stock market) only grew by about 47%. The Quantum Fund was one of the first funds to invest all over the world.
In 1980, Rogers decided to "retire" from the Quantum Fund. He then traveled around the world on a motorcycle! After his travels, he became a guest professor at the Columbia Business School.
Media and More Travels
In the late 1980s and early 1990s, Jim Rogers hosted TV shows about finance. These included The Dreyfus Roundtable and The Profit Motive with Jim Rogers.
From 1990 to 1992, he went on another big motorcycle trip. He traveled through China and then all around the world. He covered more than 100,000 miles (160,000 km) across six continents. This journey was even listed in the Guinness Book of World Records. He wrote a best-selling book called Investment Biker about his adventures and investments.
Creating the Rogers International Commodity Index
In 1998, Rogers created the Rogers International Commodity Index (RICI). This index helps people invest in raw materials like oil, gold, and crops. In 2007, special investment products were created that track this index. Jim Rogers strongly believes that investing in agriculture (farming) is a good idea.
Between 1999 and 2002, Rogers went on another record-breaking journey. He traveled through 116 countries with his wife, Paige Parker. They covered 245,000 kilometers in a special Mercedes car. This trip started in Iceland. He wrote another book, Adventure Capitalist, about this amazing trip.
Life in Singapore
After his travels, Jim Rogers often appeared on financial TV shows. In 2005, he wrote a book called Hot Commodities. In this book, he talks about how people can make money by investing in raw materials.
In December 2007, Rogers sold his home in New York City. He moved to Singapore. He said he moved because he believed Asian markets offered great investment chances. His daughters learned to speak fluent Mandarin Chinese. He once said, "If you were smart in 1807, you moved to London... if you are smart in 2007, you move to Asia."
In 2008, Rogers supported Ron Paul for president of the United States.
Jim Rogers' Personal Life
Jim Rogers has been married three times. He married Lois Biener in 1966, and they divorced in 1969. He married Jennifer Skolnik in 1974, and they divorced in 1977. In 2000, he married Paige Parker. They have two daughters together.
In 2012, Rogers became an advisor for a company called VTB Capital. He advised their farming investment group. He believed that Russia and nearby countries could become major farming powers.
In 2013, he joined the board of advisors for the Coalition to Reduce Spending. In 2015, he decided to stop investing in the Indian market. He said, "One cannot invest based on hope."
In 2019, Jim Rogers received an honorary Ph.D. from Pusan National University. This was for his books that shared positive messages about the possible reunification of Korea.
Jim Rogers' Financial Advice
Jim Rogers often shares his views on the economy. In 2002, he said that the actions of the US central bank had caused problems. He believed they led to a "real-estate bubble" (when housing prices get too high) and a "consumer-debt bubble" (when people borrow too much money).
In 2010, Jim Rogers spoke to students at Oxford University. He told them not to plan careers only in finance. Instead, he suggested they study agriculture and mining. He said, "The power is shifting again from the financial centers to the producers of real goods. The place to be is in commodities, raw materials, natural resources." He repeated this idea in 2013 on a BBC radio show.
In 2012, he told Forbes magazine that society would change a lot. He said that stockbrokers might end up driving taxis. He joked that smart ones would learn to drive tractors to work for farmers. He believed farmers would become very wealthy. Rogers has often warned about problems in the US stock market since the 1980s. In 2018, he predicted that the next big market downturn would be "the worst in our lifetime."
See also
In Spanish: Jim Rogers para niños
