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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.

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