Most helpful client reviews
57 of 57 persons found the following review helpful.
Not an investment book, but good advices to fathers and their children
By X. Li
I have never read any of Jim Rogers prior books, but I am enjoyably astonished to find this little book perceptive and gratifying to read. He provided his answers to questions such as how to best prepare our children for the future. As a father of a five year old daughter, I totally be grateful for a book just like this.
Each chapter is a lesson on a major quality of reputation or “virtue”; and each chapter is when it comes to assorted pages long. Each lesson is elaborate and explained with real events in Jim Rogers’ life – his childhood in rural AL and his investment decisions.
This book is unquestionably NOT an investment book, but I am more than happy to learn in regards to personal stories of this legendary investor, exceptionally in regards to his thought process, mindset, and perceptivenesses in regards to being a father and investor.
Obviously he writes with his distinguishable set of values and ideas with regards to where to live (don’t live in a country involved in any kind of war), what to become (a world citizen), and what to learn (philosophy and history), but in this little book I have found gems of wisdom mutual to a few very successful people I personally know. They universally credit their success to: 1)think on your own, 2) hard work and never quit, 3) read as much as you can, 4) always prepare for the worst, 5) save and don’t carry debt, and 6) begin your child early.
If you write a book for your child, what would you include and exclude? Under this premise I think Jim Rogers has done an magnificent occupation so I rate this book with five stars.
24 of 25 persons found the following review helpful.
A very agreeably diverting read!. Thanks, Jim, for sharing…All Mums & Dads ought to read!…
By Lee Say Keng
‘A Gift for My Chidren: A Father’s Lessons for a Life & Investing’,
by Jim Rogers
What follows is just my quick list of interesting takeaways from the book, ‘A Gift to My Children: ‘A Father’s Lessons for Life & Investing’, by American capitalist extraordinaire Jim Rogers, now based in Singapore, who is acknowledged by Time as ‘The Indiana Jones of Finance’.
Frankly, all the stuff from the book has not one thing much to do with finance &/or investing.
They are fundamentally pearls of wisdom from his world of “hard knocks”, which Jim wants to percentage with his two pretty daughters, respectively nicknamed in Chinese as ‘Happy’ (7) & ‘Babe Bee’ (2).
* Swim your own races
- do not let others do your thinking for you;
- rely on your own intelligence;
- it’s important to determine for yourself what’s necessary to you and what you want before you turn to others;
- if any person laughs at your idea, view it as a sign of potential success;
- be who you are; be original; be bold;
- above all, be ethical;
- save ~ you will have to stay clear from the trap of spending $ willy nilly merely because you can;
* Focus on what you like
- Age is beside the point when you are passionate with regards to a goal;
- when you find something that interests you, just do it!
- The most immediate way to success is to do what you like and give your best;
- Dedicate yourself to what you feel enthusiasti about;
- Try as numerous things as you can, then pursue the one in regards to which you’re passionate;
* Good habits for life
- Be a self-starter;
- Attention to details is what separates success from failure;
- However trivial it may seem, you ought to exploration and check each and ever piece of data you need to make a decision… Only through meticulous exploration will you obtain the noesis necessary for success… it requires plenteous work and diligence…
- There is no such thing as “enough”. No finish line!
- Live your life with a dream;
- If you proceed to be passionate and work hard at what you veritably love to do, you at last find that dream;
* Uncommon Sense
- Always consider substitute interpretations;
- Seek out multiple perspectives on the same story will always aid you figure out the truth;
* Your education ~ Let the world be a percentage of your perspective PART 1
- Do not rely on books; go and see the world;
- Experience life as they do; see the world from the ground up. By watching ordinary life… you will eternally be stumbling upon experiences that will raise indispensable question in your mind ;
- Understand the significance of BRICs;
- Be open to humans who are dissimilar whether at home or abroad;
- Keep an open mind and be a world citizen;
- Be eager to move if you see opportunities;
* Your education ~ Learn system of belief and learn to think PART 2
- Philosophy will instruct you how to think for yourself;
- You must learn to think at a unfathomed level if you want to perceive yourself and what’s crucial to you. You must know yourself if you want to accomplish anything in life…;
- To think outside the traditionalisti framework, to thoroughly and closely question or examine things independently this is true philosophy…;
- Draw conclusions from your observations as well as on the basis of logic;
- As an investor, look for the bull and the bear;
* Your education ~ Learn history PART 3
- An interest in history, politics, and economics will help you see the world with clearer perspectives;
- Nothing is actually new: what is happening now has happened before and will take place again;
* Your education ~ Learn languages (make sure that Mandarin is one of them) PART 4
- Mandarin will be the next global language;
- Pay attention to the major changes taking place in the world now, exceptionally China;
* Know thyself by understanding your weaknesses and acknowledging your mistakes
- Know who you are;
- To be a successful capitalist you actually need to grasp psychology, history, and philosophy;
* Recognise change and hug it
- Everything changes. Everything;
- Embrace the principle of supply and demand;
- Change may be a catalyst;
- Adapt or die;
* Look to the future
- Read the newspapers, but think differently;
- Pay attention to what everyone else neglects;
- If you are looking for success, be quick to get started something new, something that no one else has tried;
- The more sure something is, the less likely it is to be profitable;
- Do not think in terms of what you wish (ergo, wishful thinking versus willful doing);
- Know when not to do anything;
* Lady Luck smiles on those who proceed in their efforts
- Do your homework’
- If you let vanity and self-importance (ego) take over, you will lose all that you have achieved;
- Never let yourself become arrogant. Study hard. The more you learn, the more you will understand how little you know – armed with this humility, you will never lose sight of the distance amongst self-confidence and self-importance;
- Do not stop when you are working towards your dream;
* Epilogue
- The devil of life is always in the details;
- Anything that is a must-see, must-try, must-read, must almost surely be avoided, exceptionally if it is popular;
- Use good manners no matter where you are or whom you meet;
- Learn to do as much arithmetic and figures as possible in your head;
- Take care of yourself;
- Learn to stay calm;
- Once you do get to know and grasp yourself, do not forget who you are and stay with it;
- Don’t be greedy;
A very agreeably diverting read! Thanks, Jim, for sharing!
All Mums & Dads must read, particularly the end share regarding BGR (Boy-Girl Relationship) & DOM (Dirty Old Man), on top of the foregoing. BGR & DOM do not fall under my purview of interest.
[Reviewed by Lee Say Keng, Knowledge Adventurer & Technology Explorer, Optimum Performance Technologies, Singapore, August 2010]
12 of 13 persons found the following review helpful.
Another good Jim Rogers book
By Yunsum S. Yu
I’ve read all of Jim Rogers’ books. All his books are well-written, entertaining, and easy to read. This one is no exception. It is filled with simple, good-ol-fashion counsel for both adults and children. However, galore of the examples Rogers uses to explain his idea may be hard for children to grasp, e.g. shorting stocks! Unless you plan to educate your kids when it comes to finance and economics early on, this book may be more suitable for college-bound age teenagers or older.
See all 32 client reviews…