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Thursday, November 25, 2010

Jim Rogers Lessons for Life and Investing

Legendary investor Rogers co-founded the Quantum Fund with George Soros in 1970, retired at the age of 37 in 1980, and spent a number of years traveling through China and six continents by motorcycle.

He recently fathered two daughters in his sixties and wrote this small memoir to share with them some of the insights that he has garnered from his experiences. He advises to make your own decisions in life rather than listening to others, to figure out what you love to do and focus on that rather than what is expected of you, and to have a dream and to live your dream.

In the area of finances, he says to save and invest early on rather than spending frivolously, so that you will be able to afford the important things in life later, and to do your own research, draw your own conclusions, and look to the future - not the past - for great ideas. These and other nuggets of wisdom from this self-made man are worth reading several times over. -- David Siegfried

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