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In his engaging memoir Street Smarts, Rogers offers pithy commentary from a lifetime of adventure, from his early years growing up a naïve kid in Demopolis, Alabama, to his fledgling career on Wall Street, to his cofounding the wildly successful Quantum Fund.[omit George Soros] Rogers always had a restless curiosity to experience and understand the world around him.
In language that is both colorful and accessible, Rogers explains why the world of commodity investing can be one of the simplest of all - and how commodities are the bases by which investors can value companies, markets, and whole economies. To be a truly great investor is to know something about commodities. For small investors and high rollers alike, Hot Commodities is as good as gold . . . or lead, or aluminum, which are some of the commodities Rogers says could be as rewarding for investors.
In his most provocative and practical book yet, one of the foremost thinkers of our time redefines what it means to understand the world, succeed in a profession, contribute to a fair and just society, detect nonsense, and influence others. Citing examples ranging from Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept one's own risks is an essential attribute of heroes, saints, and flourishing people in all walks of life.
Charlie Munger, Berkshire Hathaway's visionary vice chairman and Warren Buffett's indispensable financial partner, has outperformed market indexes again and again, and he believes any investor can do the same. His notion of "elementary, worldly wisdom" - a set of interdisciplinary mental models involving economics, business, psychology, ethics, and management - allows him to keep his emotions out of his investments and avoid the common pitfalls of bad judgment.
Some traders distinguish themselves from the herd. These supertraders make millions of dollars - sometimes in hours - and consistently outperform their peers. As he did in his acclaimed national best seller, Market Wizards, Jack Schwager interviews a host of these supertraders, spectacular winners whose success occurs across a spectrum of financial markets. These traders use different methods, but they all share an edge. How do they do it? What separates them from the others? What can they teach the average trader or investor?
We're now entering the winter season of the 80-year four season economic cycle. It's during this season that we'll clear the decks with a devastating crash and debilitating deflation. The economy and markets will shed the excesses created during the preceding fall bubble boom season and prepare the soil for new blossoming in innovation and a spring boom. After the blustering bull market of 2009-2015, we are now preparing for a shakeout more painful than anything we've seen before.
In his engaging memoir Street Smarts, Rogers offers pithy commentary from a lifetime of adventure, from his early years growing up a naïve kid in Demopolis, Alabama, to his fledgling career on Wall Street, to his cofounding the wildly successful Quantum Fund.[omit George Soros] Rogers always had a restless curiosity to experience and understand the world around him.
In language that is both colorful and accessible, Rogers explains why the world of commodity investing can be one of the simplest of all - and how commodities are the bases by which investors can value companies, markets, and whole economies. To be a truly great investor is to know something about commodities. For small investors and high rollers alike, Hot Commodities is as good as gold . . . or lead, or aluminum, which are some of the commodities Rogers says could be as rewarding for investors.
In his most provocative and practical book yet, one of the foremost thinkers of our time redefines what it means to understand the world, succeed in a profession, contribute to a fair and just society, detect nonsense, and influence others. Citing examples ranging from Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept one's own risks is an essential attribute of heroes, saints, and flourishing people in all walks of life.
Charlie Munger, Berkshire Hathaway's visionary vice chairman and Warren Buffett's indispensable financial partner, has outperformed market indexes again and again, and he believes any investor can do the same. His notion of "elementary, worldly wisdom" - a set of interdisciplinary mental models involving economics, business, psychology, ethics, and management - allows him to keep his emotions out of his investments and avoid the common pitfalls of bad judgment.
Some traders distinguish themselves from the herd. These supertraders make millions of dollars - sometimes in hours - and consistently outperform their peers. As he did in his acclaimed national best seller, Market Wizards, Jack Schwager interviews a host of these supertraders, spectacular winners whose success occurs across a spectrum of financial markets. These traders use different methods, but they all share an edge. How do they do it? What separates them from the others? What can they teach the average trader or investor?
We're now entering the winter season of the 80-year four season economic cycle. It's during this season that we'll clear the decks with a devastating crash and debilitating deflation. The economy and markets will shed the excesses created during the preceding fall bubble boom season and prepare the soil for new blossoming in innovation and a spring boom. After the blustering bull market of 2009-2015, we are now preparing for a shakeout more painful than anything we've seen before.
Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. The Most Important Thing explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career.
Penguin presents the unabridged downloadable audiobook of The Road to Ruin, written and read by James Rickards. The global economy has made what seems like an incredible comeback after the financial crisis of 2008. Yet this comeback is artificial. Central banks have propped up markets by keeping interest rates low and the supply of money free-flowing. They won't bail us out again next time. And there will be a next time...soon.
The greatest investment advisor of the 20th century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of "value investing" - which shields investors from substantial error and teaches them to develop long-term strategies - has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
What separates the world's top traders from the vast majority of unsuccessful investors? Jack Schwager sets out to answer this question in his interviews with superstar money-makers including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin, and more in Market Wizards: Interviews with Top Traders.
Ray Dalio, one of the world's most successful investors and entrepreneurs, shares the unconventional principles that he's developed, refined, and used over the past 40 years to create unique results in both life and business - and which any person or organization can adopt to help achieve their goals.
Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all - his fortune, his reputation, and his job - in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors.
George Soros, called "a superstar among money managers" by The New York Times, shares the investment strategies he uses to read the mind of the market.
This audiobook provides fascinating insights into the hedge fund traders who consistently outperform the markets, in their own words. From best-selling author, investment expert, and Wall Street theoretician Jack Schwager comes a behind-the-scenes look at the world of hedge funds, from 15 traders who've consistently beaten the markets. Exploring what makes a great trader a great trader, Hedge Fund Market Wizards breaks new ground, giving readers rare insight into the trading philosophy and successful methods employed by some of the most profitable individuals in the hedge fund business.
Warren Buffett remains one of the most sought-after and watched figures in business today. He has become a billionaire and investment sage by buying chunks of companies and holding onto them, managing them as businesses, and eventually reaping huge profits for himself and investors in Berkshire Hathaway. The first two editions of The Warren Buffett Way gave investors their first in-depth look at the innovative investment and business strategies behind the spectacular success of living legend Warren E. Buffett.
The turn of the 2020s will mark an extremely rare convergence of low points for multiple political, economic, and demographic cycles. The result will be a major financial crash and global upheaval that will dwarf the Great Recession of the 2000s - and maybe even the Great Depression of the 1930s. We're facing the onset of what Dent calls "Economic Winter". In Zero Hour, he and Andrew Pancholi explain all of these cycles, which influence everything from currency valuations to election returns, from economic growth rates in Asia to birthrates in Europe.
What happens when a young Wall Street investment banker spends a small fortune to have lunch with Warren Buffett? He becomes a real value investor. In this fascinating inside story, Guy Spier details his career from Harvard MBA to hedge fund manager. But the path was not so straightforward. Spier reveals his transformation from a Gordon Gekko wannabe, driven by greed, to a sophisticated investor who enjoys success without selling his soul to the highest bidder.
Michael Covel is the author of five books, including the international best seller, Trend Following and his investigative narrative, The Complete TurtleTrader. Fascinated by traders that quietly generate spectacular returns, those going against the grain of investment orthodoxy, he has uncovered astonishing insights about how they think, strategize, and execute their systems.
Legendary investor Jim Rogers gives us his view of the world on a 22-month, 52-country motorcycle odyssey in his best-selling business/adventure book, Investment Biker, which has already sold more than 200,000 copies.
Before you invest another dollar anywhere in the world (including the United States), read this book by the man Time magazine calls "the Indiana Jones of finance".
Jim Rogers became a Wall Street legend when he co-founded the Quantum Fund. Investment Biker is the fascinating story of Rogers’s global motorcycle journey/investing trip, with hardheaded advice on the current state and future direction of international economies that will guide and inspire investors interested in foreign markets.
Good book, entertaining stories, things to learn. Unfortunately reader sounds like a smug. Not sure if he tries to be sexy or dramatic but it is quite annoying. Maybe it's because I live in place where arrogant people talk like that. You decide
Well presented story... It's an eye opener to cultural differences and economic potential as seen and assessed by Jim. Very informative too. I enjoyed listening to every single second of this book. Highly recommended.
Jim Rogers is in his 40s in 1990. He has a 22 year old beautiful blonde girlfriend who is perfect in every way. Jim is an avid long distance motorcycle rider.
Jim is also richer than Midas. He thinks nothing of dropping by the local BMW dealer to pick up a new motorcycle on a whim, or buying a small country. He and his girlfriend decide to spend a couple of years traveling around the world on motorycycles.
If the thought of someone like that bothers you, avoid this book!
This book is about 70% travelogue, and a really good one, especially for motorcycle riders. Jims trip makes 'The Long Way Round' look like a run to the grocery store.
Really, 1990 wasn't that long ago, but it was about two years before the World Wide Web existed beyond academia. Jim spends a lot of time just trying to discover information about conditions in the next country, or keeping track of his personal finances while on the road. All stuff that you can do on a Smart Phone from just about anywhere these days.
This ride was a real accomplishment and required assets that money can't buy.
The other 30% is discussion of national and global macroeconomics from a libertarian point of view. In each country Jim visits he discusses the local economic and political climate from the perspective of a potential large investor. He also makes a lot of predictions, many of which subsequently came true. For example, after traveling the full length of the USSR he correctly predicted the near term breakup of the Soviet Union.
He also predicted that Bill Clinton would be the last Democratic Party President, which of course didn't happen. He predicted that the U.S. economy was nearing collaspe, which hasn't happened yet.
I think Jim did not foresee the huge peace dividend that flowed in to the United States after the fall of the Berlin Wall, which powered a lot economic growth through the 90s.
Few will agree with all of Jim's analysis, predictions, and observations of human nature. But everyone with an interest in travel (especially travel by motorcycle), economics, politics, human cultures or just good stories will probably enjoy this book.
John McLain's narration and the overall production values of this audiobook were outstanding, it was a pleasure to listen to.
1 of 1 people found this review helpful
Would you consider the audio edition of Investment Biker to be better than the print version?
I have not read the print version
What other book might you compare Investment Biker to and why?
Adventure Capitalist
What about John McLain’s performance did you like?
Good voice for the story
Did you have an extreme reaction to this book? Did it make you laugh or cry?
No extreme reaction, but does make you want to get on the road
Any additional comments?
Perfect mix of economics 101, real politics, and adventure.
1 of 1 people found this review helpful
Great story and ideas about the world and how it could be better organised. I really enjoyed the adventure biking story as a backdrop. Although it takes place more than 20 years ago, it is still surprisingly current. Some of his predictions are very accurate. That's the advantage of hindsight. Most definitely will read his next book.
I have a lot of respect for Mr. Jim Rogers. What a great story by a great investor.
This was an incredible journey (even though the author was crazy for doing it!). Very insightful and eye-opening. The issue was poor choice of narrator. He had a deadpan, monotone delivery that definitely detracted from the extraordinary stories the author was telling. You also would think that you would get someone that could do accents for narrating a trip around the world. Still a great read though!
The story was so fun to listen to I forgot I was learning core principles of the best macro investors.
not a how to invest book. but lots of good knowledge, and a big eye opener.
This book is light hearted and fun. If you enjoy travel it is an entertaining story. I am not particularly interested in finance/investing but still found the story to be interesting. I also recommend another Jim Rogers book - Adventure Capitalist.
Would you consider the audio edition of Investment Biker to be better than the print version?
I liked the book. Enough to right a review. So far my favorite finance books are reminiscences of a stock operator, the wizards books, Technical analysis of stock trends, and a Stanley Kroll book written in the late 80's I cant remember the name of. Investment Biker is not a trend following book, and of course I knew that before reading. I was surprised that I liked it as I did.
Would you recommend this audiobook to a friend? If so, why?
Absolutely, it will open your mind to the world and how it works!
What other book might you compare Investment Biker to and why?
Hard, I read 2 of his other books and they blend together with greatness.
Which character – as performed by John McLain – was your favorite?
Well, has to be Jim Rogers...basic smart kid who finds an edge with a luck chance at a position in an emerging market (the stock market), meets the right people, makes some more great decisions and boom! Takes a good looking girl around the world roughing it across rarely and dangerously charted territory because he's curious.
Did you have an extreme reaction to this book? Did it make you laugh or cry?
LAUGH, oh man the stuff this guy went through when he had plenty of money to do it the easy way, also makes you just laugh at wow, this is basically a whole life in a book and it's a good interesting life, and your like wow this could be me...I want this...and so you laugh because hey ya....
Any additional comments?
Pure adventure, I am a fan of learning about stuff and this book will definitely teach you. You have to read Adventure Capitalist, they go hand in hand, the stories kind of work together like a 2 part series, it's not a must but it should be.