A Gift to my Children
Jim Rogers  

Summary

Life advice from one of the world's great investors

Rating: 4/5

Notes

Do not let others do your thinking for you

If the majority laugh at your idea, view it as a potential sign of success

Be who you are - be original

When you find something that interests you, don’t let your age hold you back

Be a self-starter

Attention to details is what separates success and failure

Look through all financial statements, even the detailed notes

Live your life with a dream

Most perceived wisdom is a misconception

The media propagates conventional wisdom

‘Common sense is not so common’ - Voltaire

Do not rely on books, go see the world

India’s trouble is bureaucracy and infrastructure

Keep an open mind and be a world citizen

If any country enters war, move away from it

Philosophy will teach you how to think for yourself

You need a macroscopic view of the world

War/revolution in one part of the world will drive up commodity prices

Nothing is really new

Mandarin will be the next global language

Once Chinese market crashes, buy shares - China= commodities

People are easily carried away by mob psychology

Don’t panic - learn psychology

Everything changes everything

Change can be a catalyst

Pay attention to what everyone neglects

The arrogant are blind to the truth

Do your homework and never neglect it

Be extremely careful before marrying

Prove yourself by your actions rather than talk about money

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