Video: Investing Lessons

A fantastic video interview with Jim Rogers on Real Vision. 

Steve Diggle and Jim Rogers discussed contrarian investing, tape reading, how to use independent thinking in investing, the importance of experience and making mistakes as a part of the acquiring knowledge. 

My Favorite Investment Book

The book that I still to this day tell people to read is Security Analysis by Ben Graham. I read it decades ago. Short of that, The Intelligent Investor by Graham and Dodd. Graham's ideas of investing in fundamentals and cheap stocks, I realized that's the that's the kind of investor I was, that's what I loved and thought was great. So, I recommend that book when people ask me what book to read or books to read I tell them about Ben Graham.

Q. How Has Your Investment Process Evolved Over The Years?

From incompetence to competence back to incompetence. I mean, my point is that I don't spend nearly as much time on it as I used to. To be a successful investor, you really have to spend a lot of time, energy, devotion etc. I'm doing a lot of other things now. I've moved, I'm traveling a lot all over the world especially in Asia, China and Russia.  I just had a book, it was the number one bestseller in Japan. I was shocked, shocked to find out. So, I'm doing a lot of other things now and so I don't spend nearly as much time investing as I used to.

The World Economy Will Be Slower In The Next Year

The world economy is going to be very slow in the next year or two but that does not mean that crude oil supply and demand cannot get out of balance. Crude Oil will go down at times but remember, known reserves of oil are declining and have been declining for years except for fracking. But the fracking bubble has burst and so we will have declining reserves everywhere and that means that after crude oil completes this complicated bottom, crude oil will go up again.

Emerging Markets: Zimbabwe, South Korea, Russia

Here's a summary of Jim's most recent commentary on Emerging Markets:

Zimbabwe: I Bought A Few Stocks Recently 

Korea: Tourism Is Going To Be Great 

Russian Stocks 

Korea Will Be The Most Exciting Country In The World 

Related trading tickers: iShares MSCI Emerging Markets Index ETF (EEM), iShares MSCI South Korea Index Fund ETF (EWY), Market Vector Russia ETF Trust (RSX)

Investing: Crypto Currencies, Yield Curve, Gold

Keep up to date with the latest investment topics from Jim Rogers.

This week Jim has already commented on a variety of topics including Crypto Currencies - Q: Do You Look At Crypto Currencies At All?, the outlook for Gold prices going forward - Q: What do you make of the Russians and the Chinese buying a lot of gold lately?, and the impact that a potential inversion of the yield curve can have on the markets - Yield Curve & Recession and The Meaning of Inverted Yield Curves.

Q: Do You Look At Crypto Currencies At All?

I'm aware of them I know about them I've never bought one or sold one I wish I had I wish I'd done both bought and sold but they're all going to disappear they're all going to go to zero. (...) Eventually money is money is going to the computer (...) Many countries are so far ahead of the US in electronic money, so it's happening but it's gonna be government money.

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