New Book

Jim Rogers wrote a book for his daughter on teaching her how to live a prosperous life:

• Trust your own judgment: Rogers sensed China’s true potential way back in the 1980s, at a time when most analysts were highly skeptical of its prospects for growth.
• Focus on what you like: Rogers was five when he started collecting empty bottles at baseball games instead of playing.
• Be persistent: Coming to Yale from rural Alabama, and in over his head, Rogers never stopped studying and wound up with a scholarship to Oxford.
• See the world: In 1990, Rogers traveled through six continents by motorcycle, gaining a global perspective and learning how to evaluate prospects in rapidly developing countries such as Brazil, Russia, India, and China.
• Nothing is really new: anything deemed “innovative” or “unprecedented” is usually just overhyped, as in the case of the Internet or TV, airplanes, and railroads before it
• And not a bit off the subject, and very important: Boys will need you more than you’ll need them!