Investment Master Rodgers: No One Is Successful Only By "Conformity".

Rodgers was born in Alabama in 1942. He started making his first business at the age of 5.

After obtaining the scholarship, Yale University, after graduation, went to University of Oxford to study in beryl college.

Buffett, an investment legend and an internationally renowned investment guru, evaluated his "grasp of the general trend of the market."

Rodgers was born in Alabama in 1942. He began his first business at the age of 5, earning money in baseball.

After obtaining the scholarship, Yale University, after graduation, went to University of Oxford to study at beryl college, where he was the helmsman of the rowing team, and he created his first Guinness record.

In 1970, he and Soros jointly established the world-famous quantum fund, with a return on investment of 4200%, while the standard & Poor's index grew by less than 47% during the same period.

He made enough money to spend all his life in 10 years. Rodgers decided to retire at the age of 37, but he did not idle at home.

Rodgers continued to manage his portfolio and was a professor at the Graduate School of business, Columbia University, and served as the two host of WCBS television's "TheDreyfusRoundtable" and the financial news network "FNN" (TheProfitMotive).

At the same time, he began to carry out his lifelong dream: driving a motorcycle around the world, spanning six continents over 100 thousand miles, creating his second Guinness record.

Later, on the basis of his experience, he wrote his first book, Knight of investment (published in 1994).

From 1999 to 2002, the Millennium explorer was his third Guinness record. He carried his wife, page, across 116 countries (15 of which were still in Civil War) and 152 thousand miles.

His second book, venture capitalist's travels around the world, recorded this incredible adventure.

The two gold coins after 60 years old were his latest adventure and pleasure source. Two daughters were born in 2003 and one was born in 2008.

At present, he and his wife and daughter have settled in Singapore. Apart from writing for the media, he also travels around the world.

The following is the book "12 letters from investment guru Rodgers to his precious daughter":

1, do not let others influence you. If people around you advise you not to do something, or even laugh at what you should not do at all, you can take this as a possible indicator of success.

This is very important. You must understand that it takes courage to go against the opposite side of the crowd.

The fact is that no one in the world has ever succeeded in "conformity".

Make good use of your wisdom

There will always be a time when you need to make a very important decision about your job, family, life, about where to live, and how to invest your money.

Many people will be willing to give you advice, but remember this sentence: your life is your own, not others.

Others' advice is of course right, but later it proves that these advice is useless.

You have to study on your own - learn as much as you can to face the challenge, judge the truth and decide for yourself.

You are born with the ability to make the best decisions for your best interests. In most cases, you can make the right decisions and take the right actions through your own thinking than listening to others' decisions against your wishes.

In the past, I had listened to others' advice and ignored my own decisions in several important investment decisions.

Strangely enough, every investment like this has failed, and I have suffered a lot every time.

So I stopped letting others influence me and acted on the decisions I made.

Until I was over thirty, I finally realized that this was the best way to invest. But I also knew that I succeeded because I followed this principle and I didn't think it would be too late.

I remember reading a story about swimmers Donna Di Wei (DonnadeVarona) when I was a kid, and reported that she was a good but not top swimmer in the early days, but she got two gold medals in the Olympic Games. What happened? She answered, "I used to pay attention to other swimmers in the past, but then I learned to ignore them and swim my own swimming". "What's the matter with you?" she answered, "what's the matter with you?" she answered, "I used to pay attention to other swimmers in the past." but after that, she said, "I used to pay attention to other swimmers in the past." but then I learned to ignore them and swim in my own swim. "Donna,"

If everyone laughs at your ideas, this is the indicator of success.

If people around you advise you not to do something or even laugh at what you should not do at all, you can take this as a possible indicator of success.

This is very important. You must understand that it is very courageous to go against the public.

The fact is that no one in the world has ever succeeded by "followthecrowd".

Let me give you an example from China.

People used to say that it was not a country worthy of investment, but in fact, until the late 1990s, few Westerners really tried to invest in China.

But if someone had invested money in China at that time, he would have made a fortune.

In 1980s, I found that China had great potential and began to collect information from China as far as I could, and began investing here.

At that time, most people thought that if I was crazy, I would say that they would never allow foreigners to invest here, and they would confiscate the property of the winners.

But I listened to my intuition, read as much as I could about all the various situations in China, and visited many places to do my own research.

The logic is simple: that country has more than 1 billion of the population, whose savings rate is staggering - more than 1/3 of annual income - and what they can invest in! How can a country with such high savings rate not grow?

On the contrary, look at the United States.

When I first traveled around the world in 1990s, the US savings rate was only 4%. Now it has dropped to 2%.

When others believe in "common sense" and think that investing in China is too risky, I listen to my own judgement and boldly invest in China.

Since then, China has grown far beyond the rest of the United States and most other countries in the world.

Be yourself

Careful observation of the success of every field, whether musicians, artists or experts, is not because they imitate others.

Is anyone successful because he looks at other people's actions?

Take HP (HewlettPackard) Company as an example, they can stand out because they are doing something different.

To do what others dare not do or want to do, you must have enthusiasm and courage, and success will always come to those who take bold risks and dare to take the road that others do not take.

This is precisely why HP can become an important company. HP is never afraid of jumping too high, even if it may cause some products to be sold out or scrapped, it is also brave enough to try new opportunities.

I want you to pursue your ideals and aspirations with this courage.

Father is a successful investor. It doesn't mean you have to be an investor too.

What I want you to do is to be yourself, a self loyal and unique person.

But you must remember that before you do what you think is right, do your homework as best you can.

Find out any data that you can get, study it carefully, and analyze it thoroughly until you are absolutely sure that your idea is correct.

Never take any action before it has been done.

You will find that those who do not succeed usually get involved in a field they do not understand without taking time to study. What is worse, they refuse to learn and lose valuable time and money.

You don't have to listen to me, but you must follow ethics.

As you grow from being a grown-up to a grown-up, I will keep giving you advice.

There will always be times when I don't approve of your choice, but you don't have to accept every word I say because I am a father.

I regard you as an independent individual. If you do what you think is right by your own judgement, your father will support you.

You can ignore worldly views, common sense, and what people call "lessons", but they must abide by the moral norms that a society can survive, and have good reasons to abide by it.

A respectable person definitely does not drill the loopholes or loopholes in the law. Although it may seem to be a bit of a loss at the moment, it will always be the winner in the long run.

Many smart people are in the mire because they want to take shortcuts or make money in an illegal way.

They are so smart that if they are willing to put their wisdom on the right path, they will earn money through legal means, but they have not done so, and they have suffered losses through shortcuts.

Learn to save for life

You will meet some people who encourage you to spend money as you like, and they will tell you that money is not born or died.

As you grow older, you will start having friends on expensive restaurants every day, buying the latest models of mobile phones, wearing the most popular fashions, and going to famous places for holidays.

We must avoid spending such a trap just because you can afford it. This is not only a road to bankruptcy, but also a way to forget what life is.

I am not saying never to eat out or to buy anything, but to say that you should spend your money wisely, buy something that is really worth buying, and spend money on the knife edge to get the greatest and most rewarding benefits.

Lele, you already have 5 piggy bank, and always happy to put money in it. Please continue to save money.

Those who know how to save and invest wisely are the most carefree people in life.

Please help me to teach your sister Bee about saving.

2. focus on what you want to do to succeed. The answer is very simple: do what you love.

I will succeed in investing, because that's my favorite thing to do.

But you don't have to be an investor.

If you like cooking, open a restaurant of your own; if you are good at dancing, learn to dance; the quickest way to succeed is to do what you like and do your best.

Age is nothing to do with what you want to do.

When I started my first career, I was a 6 year old entrepreneur.

You may think it's too early. In fact, age is not related to what you want to start.

I would rather spend time at the baseball field picking up empty bottles and changing money than spending time playing baseball with my friends.

When I was 6 years old, I borrowed money for the first time to start my own business.

I bought a small cart selling peanuts and coke and made a lot of money in the children's Baseball League.

5 years later, I not only paid off the money I borrowed from my father, but also had a deposit of 100 dollars in the bank.

In my college days, when I first invested part scholarship, I found that I prefer investing rather than starting a business. I should be an investor.

When you find one thing that you are interested in, don't let the age tie you up, do it.

Devote yourself to what you like best.

The answer is very simple: do what you love.

I will succeed in investing, because that's my favorite thing to do.

But you don't have to be an investor.

If you like cooking, open a restaurant of your own; if you are good at dancing, learn to dance; if you like gardeners, maybe you will have a global horticultural chain.

The quickest way to succeed is to do what you like and do your best.

For me, it is my pleasure to study what is happening around the world and to know it in detail.

As early as I was a student, I was deeply interested in the history and geography of all countries in the world.

When I went to work in Wall Street, I found that someone really wanted to pay for my knowledge: for example, the revolution in Chile would increase copper prices.

Whether I get paid or not, I have always been interested in studying history and current events in different parts of the world.

As long as I can afford the basic cost of living, I will be happy to study these things free of charge.

People who can do what they like are not working, but they can't wait to open their eyes every day and enjoy the work.

If I try to engage in other businesses, such as fashion design, my life will be very unhappy.

Even now, I have no idea about clothes. I never know what colors to match with any color, because I have no interest in clothes, so I can not achieve anything in fashion.

That's why I say starting your career with your favorite and most interesting place.

If you choose a field you don't care about, you can't have hope for success.

The key to success and failure is to pay attention to details.

If you like and care about what you do, you will naturally do the best.

Investment is just like life, and details are often the key to success or failure.

So you can't ignore any details. No matter how seemingly insignificant it is, you must search and verify every message, so long as it is related to your investment decision, you must not take it lightly.

Any question or feeling that makes you feel uncomfortable is to find out the answer.

The reason why most people fail is because they are not thorough enough to study information.

Only by systematization and research can you get the knowledge you need to succeed.

Of course, it requires hard work, but the cost of such efforts is enough to give you an edge over others.

When I was studying at Yale University, a student asked me how much time I spent preparing for the exam.

He thought it would be enough to spend 5 hours in preparation.

I couldn't answer how much time I spent, because I had been reading and reviewing my lessons.

Coming from the Alabama backcountry to enter Yale University is enough to make me feel dizzy. Most of the other students come from famous high schools, and their roots are better than mine.

The only thing I am better than them is that I work harder than them. I read as much as I can. I think there is no such thing as "I am ready enough".

If you want to pursue something, including investment, do not underestimate the value of hard work.

Carefully study every financial statement you can get, including additional detailed annotations, verify the correctness of each report, and predict the future and future value of the company by the top management.

"Move your feet" to find out their customers, manufacturers, competitors in the industry, and anyone who may affect the operation of the company, ask them for details to verify the authenticity of the report.

Do not invest money unless you are confident that you know the company better than 98% of Wall Street investment analysts.

Without extra effort and effort, success will not fall on you.

Be an automatic person.

On a Saturday morning when I was 14 years old, I was working for uncle Qin Ke, who opened a shop in a slum area.

Business was very light that day, but I was not idle, because my father told me, "you can always find what you can do. If you really have nothing to do, wipe the shelves with a rag."

So I took a rag on the shelf that day.

My uncle saw that I didn't have to call on my own initiative to find things to do, and I was moved to give me a salary.

Four or five years later, I won the salary of my then boss (a manufacturer) with the same initiative.

I will not hammer nails into the hammer, and the other two employees have pointed out this to their bosses long ago.

The boss said to them, "whatever you say, the child's hands never stop.

He has a dedicated attitude and I want him to work for me. "

Finally, I learned how to use these tools and learned valuable technology.

To be able to say, "I'm sure."

It is only "think" that this value is not a reason for investment.

Do not invest unless you can be sure that this is valuable.

In 1960s, General Motors (GeneralMotors) was the most successful company in the world, and stocks were very valuable.

An analyst went to the general board and said to them, "the Japanese are coming."

No one paid any attention to him, even asking what this sentence meant, but those who had done their homework had already sold their high priced general shares to TOYOTA's Toyota stock.

Until 1990s, Sears was always the most expensive stock in Sears (Sears was the first department store to sell by mail order).

No one noticed a cheap but growing company: WAL-MART (Wal-Mart), because no one wanted to bother to see what happened in small towns in the United States.

Those who take the time to observe buy WAL-MART stocks instead of Sears, JC, J.C.Penny or other valuable companies.

When you plan to invest heavily in a country, check the strength of the basic system in this country.

Is its people law-abiding? Does it embody corruption, eliminate corruption and eliminate bribes? Does its law protect law-abiding companies? To do so, it is not necessary to read what is written in newspapers and magazines. You have to go to that country in person to see if there is a black market for money, and if so, you will know that there is a problem in this country.

The black market exchange rate will only occur when the government controls it.

The difference between the government's exchange rate and the black market exchange rate represents how serious the problem is in this country.

This is an indicator, like the higher the temperature of a person's fever, the more serious the illness is. The bigger the difference between the government's public exchange rate and the black market, the more serious the country's problem is.

In the late 1980s, the exchange rate of China's black market could be 50% higher than that of the government, because China had various problems at that time and was going through a period of severe inflation.

A few years later, the difference dropped to 25%, and by 1999, there were 10% more.

This fact is a clear proof of China's economic growth, which is why I invest in this country.

I am not merely thinking that China is valuable. I do know that China is valuable.

When a country has problems and has not yet stabilized, it will get huge rewards when it goes to investment, but it can only be done when the positive reform is coming.

In 1991, Peru's share price was very low because it was fighting civil war, but those who knew the situation would get better became rich.

Zimbabwe's share price was also very cheap in the millennium, but the very low price stock market crashed later, because the situation in this country is declining.

Embracing dreams and making a lifetime

As I said before, if you have no enthusiasm for your work, it is just work.

But in addition to a job that can satisfy you, you still need to have a dream.

When I started my first career at the age of 5, I thought it was fun to make money, but I didn't really have a long-term plan.

With continuous hard work, I came across different cultures and different people in the world through my work. Then I realized that my dream was to explore and learn as much as possible, so when I was 37 years old, I began to travel around the world by motorcycle.

You see, when you first start doing something, you don't necessarily have a specific picture or a vision of the future; but if you keep on working hard and work hard at the real work you love, you will surely find that dream.

At this very moment of my life, my focus of enthusiasm and life is yours, which is why I want to accompany you as much as possible.

The two of you are my dreams. My only hope is that you can do what you love to do and dream of a smart and interesting life.