Investment Biker: Around the World with Jim Rogers
Format: PDF / Kindle (mobi) / ePub
Legendary investor Jim Rogers gives us his view of the world on a twenty-two-month, fifty-two-country motorcycle odyssey in his bestselling 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.
have deflation, some of which was felt in the early nineties in the U.S. with the collapse of residential and commercial real estate values. In a deflationary collapse, as in the Great Depression, asset values will fall because there won’t be enough money to fund anything. When Americans ask me to suggest solid currencies in which to invest, I mention the deutsche mark, the Dutch guilder, the Swiss franc, the Austrian schilling, the New Zealand dollar, and the Singapore dollar. Central banks’
Azerbaijan, Turkmenistan, or Uzbekistan, a new school was opening up, an Islamic school. We discovered that forty mosques had opened in Uzbekistan alone in 1989, and at least one was being built in every town we passed through—Ashkhabad, Mary, Bukhara. The culture was shifting, too. One night in Dzhambul we went out to a restaurant with a lot of outdoor tables. It didn’t have a wine list, and we asked the owner if we could bring our own. He shrugged; why not? We went back to the hotel and bought
American autoworkers’ jobs, as well as those of Northeastern shoemakers and Southern textile workers. We all want that, don’t we? The answer is no, we don’t. Protectionism not only picks our pockets, it robs us as a society. We consumers, however, have no political leader active on our behalf, we have no lobbyists, and we aren’t all that vocal. If Congress erects a wall to keep out foreign steel, the price of a tin can will go up, but perhaps only by an eighth of a cent a year, scarcely enough
and two kinds of diarrhea that lasted days on end. Other African travelers had to fight for their lives or were killed for no ever-discovered reason. We knew about the bribes and payoffs. Someone asked me my greatest traveling fear, and I said it was crossing the borders. Border guards have complete power over travelers, with no appeal granted. Even if our consular officials figured out which route we had taken, once we disappeared, few questions would ever be answered. Most African border
Austrian market. This thing is big. You’re going from a state of gross undervaluation to a normal valuation, and your economy’s growing. Just because it’s double up now doesn’t mean more money’s not going to be made.” The newspapers gave this lots of coverage. The Creditanstalt people rented me a motorcycle and I, the “eccentric Jim Rogers” according to the newspapers, drove up to Prague. I finally sold out of Austria in the spring of 1987—the market was up 400 percent or 500 percent by