The Biggest Lesson I Learnt From The Jim Rogers Workshop

THIS ARTICLE WAS WRITTEN BY TAY JUN HAO AND FIRST PUBLISHED ON THE ASIA REPORT

jim rogers lessonJim Rogers Invest Fair 2014

I will be doing a longer post on the specifics on the Jim Rogers workshop I attended on Saturday… but today I like to highlight one thing he talked about repeatedly.

And that is that there are no shortcuts to investing.

That’s it.

There are no magic pills, no hidden secret formulas, no get rich quick investments.

It’s all about hardwork and knowing what you’re doing.

He repeatedly emphasized that there would be no “hot-tips” during his talk… just because they were completely useless.

Even if he told the audience what he was investing in, they still wouldn’t be able to profit from it.

If it went up, they wouldn’t know whether to sell or hold.

If it went down, they wouldn’t know whether to add more or sell.

This comes down to a basic fundamental principle that no investor should invest in something they know nothing about.

Now, while this may sound like common sense, it’s been repeatedly emphasized by all successful investors in different terms such as one’s “circle of competence”.

The key to making money is to not lose it in the first place… and the biggest way investors lose money is to invest in things that they really know nothing about.

Gold scams. Brazilian property. Penny Stocks.

You name  it, someone’s probably put money in it.

There’s the saying that hope springs eternal.

Everyone’s looking for the magic button to riches… but it just doesn’t exist.

 

Join us on Facebook for more exciting updates and discussion about value investing. Submit your email address for important market updates and FREE case studies! 

Download The Workshop Resources &
Stay Up to date with the stock market with our Newsletter!

We will only provide you with information relevant to value investing. You can unsubscribe at any time. Your contact details will be safeguarded.The information provided is for general information purposes only and is not intended to be any investment or financial advice.

All views and opinions articulated in the article were expressed in Jun Hao’s personal capacity and do not in any way represent those of his employer and other related entities. Jun Hao does not own any shares in the companies mentioned above.


There is no ads to display, Please add some

Add a Comment

Your email address will not be published. Required fields are marked *