Hide

FocusBar

Subscribe to Premium Member
Free 7-day Trial
All Articles and Columns »

Jim Rogers - It Is a Wonderful Thing to Lose Money (When You Are Young)

February 20, 2013 | About:
Rogers believes that the best lessons he learned came the hard way early in his investing career when he lost money by making mistakes. According to Rogers, "A little knowledge is a dangerous thing."

As to how he has made so much money, Rogers points to his willingness to go where nobody else is looking. Whether it be countries like Myanmar or an investment class like commodities, his advantage is being ahead of the herd in finding undervalued opportunities.

Rogers says that we should invest in what we know, and wait for an obvious opportunity to arise. Sometimes holding cash is the best alternative.


Tickers in the article:

Track Gurus’ Stock Purchases Daily – Real Time Guru Picks

GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 3 days after the date of the transaction. This is just one of the features provided with GuruFocus Premium Membership.

Click Here to Try It Free!


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


More Gurufocus Links

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial
FEEDBACK

This article has been successfully added into your Bookmark.

Members Only. Please Sign Up or Log In first.

Bookmark of this article has been deleted.