金融英语速读：吉姆-罗杰斯，我的第一桶金

吉姆-罗杰斯：我的第一桶金JimRogers:MyFirstMillionPublished:November20200918:26|Lastupdated:November20200918:26SinceJimRogers,67,co-foundedtheQuantumFundwithGeorgeSoroshehasworkedasaguestprofessoroffinanceatColumbiaUniversityandasaneconomiccommentator.In1998,hefoundedtheRogersInternationalCommoditiesIndex(RICI).HeistheauthorofABullinChina,HotCommodities,AdventureCapitalistandInvestmentBiker.HislatestbookisAGifttoMyChildren,afather’slessonsforlifeandinvesting.EDITOR’SCHOICEMyfirstmillion:Morecolumnsabouthowthewealthymanagetheirmoney-Oct-31RaisedinAlabama,Rogersstartedinbusinessattheageoffive,collectingemptysodabottlesatthelocalbaseballfield.AftergraduatingfromYaleUniversityin1964,hewonascholarshiptoBalliolCollege,Oxford.HethengothisfirstjobonWallStreet.RogersnowlivesinSingaporewithhiswifeandtheirtwoyoungdaughters.Didyouthinkyouwouldgettowhereyouare?No,Iamassurprisedasanyone.Icertainlywantedtogetsomewhereandwaswillingtoworkhard.Iwantedtoretireyoung,butIneverthoughtIwouldretirebefore40.Whenyourealisedthatyouhadmadeyourfirstmillionwereyoutemptedtoslowdown?Icanremembertheexactdayofmyfirstmilliondollars’networth.ItwasinNovember1977.Iwas35.IknewIneededmorethanthattodowhatIwantedwhenIwas37–theageIdecidedtostopworkingtoseekadventure.Whatisthesecretofyoursuccess?AsIwasnotsmarterthanmostpeople,Iwaswillingtoworkharderthanmost.Iwaspreparedtoexamineconventionalwisdom.Ifeveryonethinksoneway,itislikelytobewrong.Ifyoucanfigureoutthatitiswrong,youarelikelytomakealotofmoney.Whatisyourbasicinvestmentstrategy?Buylowandsellhigh.Itrytofindsomethingthatisverycheap,whereapositivechangeistakingplace.ThenIdoenoughhomeworktomakesureIamright.Ithasgottobecheapsothat,ifIamwrong,Idon’tlosemuchmoney.EverytimeImakeamistake,itisusuallybecauseIdidnotdoenoughhomework.Donotunderestimatethevalueofduediligence.Inthe1960s,GeneralMotorswastheworld’smostsuccessfulcompany.Oneday,aGManalystwenttotheboardofdirectorswiththemessage:“TheJapanesearecoming.”Theyignoredhim.InvestorswhodidtheirhomeworksoldtheirGMstock–andboughtToyotainstead.I’mnotbuyinganystocksatthemoment.Ifanythingisundervaluednowitiscommoditiesandsomecurrencies.Whathasbeenyourmostspectaculargain?TheQuantumFund.Whenwestartedthecompanyin1970,Ihad$600inmypocket.Within10years,theportfoliohadgained4,200percent.Doyouwanttocarryontillyoudrop?No.Thesedays,Ispendveryfewhoursadayworking,becauseIhavetwolittlegirlsandIwanttospendasmuchtimewiththemaspossible.BothourgirlshaveaChinesegovernessandspeakfluentMandarin.Fortheirgeneration,MandarinandEnglishwillbethemostimportantlanguages.Haveyoumadeanypensionprovision?Idon’thaveapensionbecauseIhopeIdon’tneedone.IhaveaccumulatedassetsandthatiswhatIliveon.Whatisyourcommitmenttocharity?Ihavegivenmoneytostudentsandschoolsaroundtheworld.Itrytogivescholarshipstostudentsratherthanschools,becausethestudentsneedthemoneymorethanadministrators.Doyouallowyourselftheoddindulgence?Ihavebeenaroundtheworldtwice.Settingoffin1990,Ispent22monthstravellingthroughsixcontinentsonamotorcycle.Onmysecondtrip,whichstartedin1999,mywifeandItravelledforthreeyearsthrough116countriesinacustom-madeMercedes.Whatisthemostyouhaveeverpaidforabottleoffinewineorchampagne?Idon’thaveanupperlimitforchampagne,butI’veneverhadtheurgetospend$2,000onabottleofwine.Ialwaysremembermybackground.Ididnothavemoneyasakid.PicassoorArtDecoasaninvestment?IamatastagewhereIamnotinterestedinhavingoramassingstuff.Doyoubelieveinpassingyourwealthtochildren?I’vealwaysthoughtthat,ifyougivechildrentoomuch,youwillruinthem.Ihavesetupmywillsotheydon’tgetmuchuntiltheyareatleast30.IwenttoYaleandOxfordandalotofrichkidsweretherewhoneverhadtowork.IknowIwantmychildrentobewell-educatedandexperiencetheworkplace.EducationandthenecessitytoworkchangedmylifeandyankedmeoutofthebackwaterofAlabama.Whereshouldpeopleputtheirmoneyintherecession?Investonlyinthingsyouknowsomethingabout.Themistakemostpeoplemakeisthattheylistentohottips,oractonsomethingtheyreadinmagazines.Mostpeopleknowalotaboutsomething,sotheyshouldjuststicktowhattheyknowandbuyaninvestmentinthatarea.Thatishowyougetrich.Youdon’tgetrichinvestinginthingsyouknownothingabout.Whichofthefollowingisafactstatedinthisarticle?A:JimRogersisbornrich.B:JimRogersstillworkslonghoursnow.C:JimRogersspeaksfluentChinese.D:JimRogershadhisdaughtersatrelativelyoldage.………………………….……………………………………………….…………..DHe's67andhavetwoyoungdaughters.WhichofthefollowingistrueaboutJimRogers'investingstrategy?A:BuyassetsatcheappriceB:Onlybuyintoareasthathe'sfamiliarwithC:Payattentiontothefuturegrowth.D:Alloftheabove………………………….………………………..…………………..………………………...……..…DBuylowandsellhigh.Itrytofindsomethingthatisverycheap,whereapositivechangeistakingplace.ThenIdoenoughhomeworktomakesureIamright.Ithasgottobecheapsothat,ifIamwrong,Idon’tlosemuchmoney.EverytimeImakeamistake,itisusuallybecauseIdidnotdoenoughhomework.Accordingtothearticle,whichofthefollowingdoesJimRogersholdtobetrue?A:Workisanecessity.B:Stockisthebestinvestment.C:Inordertogetrich,youneedtotakerisks.D:Familyisaboveyourcareer.…………………………….…………………….……………..………..……AEducationandtheneces