Jim Rogers appeared on the Today Show with Al Rocker to promote his new book A Gift to My Children: A Fathers Lessons for Life and Investing. A quick reminder for individuals not familiar with the new Jim Rogers book, the book teaches basic principles on investing. Specifically, Jim outlines some key guidelines such as rely on your own intelligence in which I am going to touch on below.
There are going to be moments in life when you must make very important decisions. You will find many people ready to offer you advice if you ask for it (and even if you dont), but always remember that the life you lead is yours and nobody elses. Its important to decide for yourself whats important to you and what you want before you turn to others. Because while there will be times when outside advice proves wise, there will be at least as many times when it proves utterly useless.
The only way to really evaluate other folks advice is to first learn everything that you can about whatever challenge you are facing. Once you've done that, in most cases you should be able to make an informed decision on your own anyway.
The only way to really evaluate other folks advice is to first learn everything that you can about whatever challenge you are facing. Once you've done that, in most cases you should be able to make an informed decision on your own anyway.
Early on in my investment career, I made the mistake of basing a few important business decisions on colleagues opinions instead of conducting the research necessary to make an informed decision. It wasn't due to laziness on my part; no one could ever accuse me of that. But, being new to Wall Street, I tended to assume that my more senior colleagues knew more than I did, and so I attributed too much significance to their opinions. You know what happened? Each of those investments ended in failure. Eventually I stopped allowing myself to be influenced by others and began doing the work myself and making my own decisions. Talk about an epiphany. It took me until I was almost 30 years old to realize this " and also to see that its never too late for a person to change his approach both to business and to life. - 2364
There are going to be moments in life when you must make very important decisions. You will find many people ready to offer you advice if you ask for it (and even if you dont), but always remember that the life you lead is yours and nobody elses. Its important to decide for yourself whats important to you and what you want before you turn to others. Because while there will be times when outside advice proves wise, there will be at least as many times when it proves utterly useless.
The only way to really evaluate other folks advice is to first learn everything that you can about whatever challenge you are facing. Once you've done that, in most cases you should be able to make an informed decision on your own anyway.
The only way to really evaluate other folks advice is to first learn everything that you can about whatever challenge you are facing. Once you've done that, in most cases you should be able to make an informed decision on your own anyway.
Early on in my investment career, I made the mistake of basing a few important business decisions on colleagues opinions instead of conducting the research necessary to make an informed decision. It wasn't due to laziness on my part; no one could ever accuse me of that. But, being new to Wall Street, I tended to assume that my more senior colleagues knew more than I did, and so I attributed too much significance to their opinions. You know what happened? Each of those investments ended in failure. Eventually I stopped allowing myself to be influenced by others and began doing the work myself and making my own decisions. Talk about an epiphany. It took me until I was almost 30 years old to realize this " and also to see that its never too late for a person to change his approach both to business and to life. - 2364
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All Things Jim Rogers is a Jim Rogers Blog dedicated to tracking the latest Jim Rogers videos and interviews for the general public to enjoy.
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