- Audio CD
- Verlag: Random House Audio; Auflage: Abridged (13. Mai 2003)
- Sprache: Englisch
- ISBN-10: 0736693335
- ISBN-13: 978-0739303481
- ASIN: 0739303481
- Größe und/oder Gewicht: 14,3 x 2,4 x 12,4 cm
- Durchschnittliche Kundenbewertung: 1 Kundenrezension
- Amazon Bestseller-Rang: Nr. 3.521.535 in Fremdsprachige Bücher (Siehe Top 100 in Fremdsprachige Bücher)
Adventure Capitalist: The Ultimate Investor's Road Trip (Englisch) Audio-CD – Gekürzte Ausgabe, Audiobook
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“My success in the market has been predicated on viewing
the world from a different perspective.”—Jim Rogers, “the Indiana Jones of finance” (Time magazine)
From the Hardcover edition.
Drive . . . and grow rich!
The bestselling author of Investment Biker is back from the ultimate road trip: a three-year drive around the world that would ultimately set the Guinness record for the longest continuous car journey. In Adventure Capitalist, legendary investor Jim Rogers, dubbed "the Indiana Jones of finance" by "Time magazine, proves that the best way to profit from the global situation is to see the world mile by mile. "While I have never patronized a prostitute," he writes, "I know that one can learn more about a country from speaking to the madam of a brothel or a black marketeer than from meeting a foreign minister."
Behind the wheel of a sunburst-yellow, custom-built convertible Mercedes, Rogers and his fiancee, Paige Parker, began their "Millennium Adventure" on January 1, 1999, from Iceland. They traveled through 116 countries, including many where most have rarely ventured, such as Saudi Arabia, Myanmar, Angola, Sudan, Congo, Colombia, and East Timor. They drove through war zones, deserts, jungles, epidemics, and blizzards. They had many narrow escapes.
They camped with nomads and camels in the western Sahara. They ate silkworms, iguanas, snakes, termites, guinea pigs, porcupines, crocodiles, and grasshoppers.
Best of all, they saw the real world from the ground up--the only vantage point from which it can be truly understood--economically, politically, and socially.
Here are just a few of the author's conclusions:
- The new commodity bull market has started.
- The twenty-first century will belong to China.
- There is a dramatic shortage of women developing in Asia.
- Pakistan is on the verge of disintegrating.
- India, like manyother large nations, will break into several countries.
- The Euro is doomed to fail.
- There are fortunes to be made in Angola.
- Nongovernmental organizations (NGOs) are a scam.
- Bolivia is a comer after decades of instability, thanks to gigantic amounts of natural gas.
Adventure Capitalist is the most opinionated, sprawling, adventurous journey you're likely to take within the pages of a book--the perfect read for armchair adventurers, global investors, car enthusiasts, and anyone interested in seeing the world and understanding it as it really is.
"From the Hardcover edition. -- Dieser Text bezieht sich auf eine andere Ausgabe: Taschenbuch.Alle Produktbeschreibungen
The book itself is extremely superficial, and has little to do with investing. Most of the material is about getting visas, crossing borders, bribing officials, eating foods you won't find at home, the local sexual tourism activities, the state of the buildings, whose picture he took with a Polaroid camera, and whether or not Mr. Rogers had to hire a military convoy. In most countries, he notes how wrong his opinions were on his last visit during Investment Biker. So why will he be right this time?
Where he does draw conclusions, there is little support for his findings. A major theme is the start of a new upward commodity price cycle upward. You'll look long and hard without finding any evidence to support that conclusion.
The most interesting parts come, however, where he draws the opposite conclusion from what you have heard reported. For instance, Mr. Rogers found religion to be freely practiced by all faiths throughout China. He says that tourism is better in Tanzania than in Kenya. He recommends avoiding the climb up Mount Kilimanjaro. He reports well on the many ways that Americans annoy the rest of the world, and the harm done by nongovernmental organizations. The scams involving charity from the United States will also be an eye-opener.
This book will be most appealing to those who are considering driving through some of these countries.Lesen Sie weiter... ›
Die hilfreichsten Kundenrezensionen auf Amazon.com (beta)
Jim is a former hedge fund manager who retired at 37, following a successful stint on Wall Street alongside George Soros. In the early nineties he published his first book Investment Biker, a story of his round-the-world trip by motorcycle.
His new book called Adventure Capitalist-The Ultimate Road Trip describes his second round-the-world trip, this time by a custom built Mercedes-Benz car. He set out with his wife Paige and a team of two other guys in 1999. The trip took them on a 240,000 kilometer journey through 116 countries and ended three years later.
I believe that this book should be required reading at schools and colleges not just because it beats Phileas Fogg's journey hands down in intellectual stimulation, but because the book is also a compendium of free-market ideas and live comparative social analysis.
Jim's starting point was to search for investment opportunities. He set out with the open mind of a moneymaker on pilgrimage to find the truth about market conditions. He is looking for profitable opportunities, businesses and countries to invest in and is not prepared to accept conventional wisdom, official or ideological distortions. He has equal contempt for the party politics in US as with those of any other country he visits. He lashes out against Turkmenbashi, the dictator in charge of Turkmenistan, for perpetuating his own brand of Stalinist cult of personality and destroying the country in the process. But then shows the same contempt for President Bush for confusing devaluation with depreciation and also with former President Clinton who he blames for failing to observe and react to the creation and bursting of the biggest market bubble in decades. "I would cast a pox on both their houses-the Democrats and the Republicans" he proclaims in exasperation.
Adventure Capitalist exposes some official and popular myths for what they are in a way that made me look at politics and religion from a very different perspective. In China, Jim tells of attending service in a Chinese Christian Church, where the local worshipers, while singing "Onward Christian Soldiers" never realized that in lands as far as North Carolina there are people like Jesse Helms who are frothing at the mouth while bemoaning religious persecution in their country.
Despite not being able to obtain a visa to drive freely though Iran, Jim still admits to holding some small investments in the country and suggests forgetting the official analysis coming from Washington. "...there is a lot of positive change coming from Iran." he claims.
Jim squarely lays the blame on the British for their Imperial invention of the passport and for the subsequent regulation of immigration by Government bureaucrats worldwide. His prediction is that in some parts of the world passports will not manage to stop the changing of borders.
He talks of countries where he likes to invest and economies that he believes are on the verge of collapse. Which ones are those? Well, let's say I don't expect he will be a best selling author in Moscow.
Jim Rogers will probably not be officially proclaimed as prophet any time soon, but I know there will be people who will quote passages of the Adventure Capitalist for the years to come.
Jim chronicled his first trip around the world, on a motorcycle no less, in Investment Biker. Adventure Capitalist is his report of a three-year trip around the world at the turn of the millennium (1999, 2000, and 2001) through 116 countries. No motorcycle this time though. With his beautiful fiancee Paige accompanying him (they married during the trip), they traveled in a custom-built, four-wheel-drive, convertible, Sunburst Yellow Mercedes.
The book is non-stop adventure supplemented with Jim's excellent political and economic commentary. Here are some quotes that I highlighted in the book:
"Ulan Bator, the capitol of Mongolia, is perhaps the most technologically up-to-date city in the world, totally digital. With the fall of the Soviet Union, a free and independent Mongolia benefited from numerous sources of foreign aid, and with no infrastructure to upgrade, it leapfrogged about three generations of technology. The whole city is wired with fiber-optic cable, enabling you to jack into the Web from almost any phone in town... Everybody in Mongolia has a digital cell phone. The nation's nomads, crossing the country on horseback, carry them. There is a cell phone in most yurts."
"The liberator of the Ivory Coast and its first president was Felix Houphouet-Boigny... He was going to make the country's cathedral larger than Saint Peter's until the pope intervened. In the end, at the pontiff's urging, he made it two centimeters smaller."
"Tanzania, in my opinion, when it comes to tourism, is the single best country in Africa... it has not yet been overrun by foreign visitors... It has beautiful beaches on the Indian Ocean. It has the exotic, ancient island of Zanzibar... It has game parks that are unique in the world, teeming with animals... Tanzania is one of the safest countries in Africa. And it is cheap... There were animals everywhere. And no people."
"In India, self-described as a great incubator of information technology, we could not even use mobile phones universally. We had to buy a different phone for almost every city. A mobile phone in China works everywhere in the country. The Indians are extraordinarily resentful and jealous of the Chinese... China has grown far more than India in the last twenty years, and China has infrastructure--highways, telephones, mobile phones. India has virtually none of these."
"You will not find another city in the world that is as rich and as safe as Singapore."
"My chief impression of Paraguay today is that it should not exist. The place should be dismantled and sold for parts."
"In Buenos Aires I went to the bank, changed all my pesos into dollars, and got them out of the country. The banker handling the transaction scoffed at me, as did several politicians... in three months the collapse of the Argentine economy led the news all over the world."
As to financial advice I disagree with Publisher's Weekly. I think Jim Rogers is right on target for what he gives the reader, if the reader really pays attention, is effective criteria for deciding where to invest: look at the currency at borders, watch the black market, internal and external debt, and bureaucracy. Way back in October when I heard Jim on CNBC, I listened, bought euros, and made enough to re do my kitchen. He does not specifically say buy, this or that, but by looking at economies in a fresh, common sense and "real way," from Russia to Japan to China to Korea, he does get to the heart of the matter.
Rogers has has updated the fascinating material from his website which chronicled his journey. The pictures on the web site really give a complete picture of the journey. However, hopping and skipping through the journey on the web site I missed some of the personal events. The book puts those personal events in context. There is enough of the personal saga in the book to engage the reader, but not enough to distract from the title of the book, "Adventure Capitalist." It is a fun adventure that everyone can take along with Jim
The main problem here is that the journey was so extensive that Rogers doesn't have the space to relate an effective travelogue about all the places he visited. Entire nations are often described in a sentence or less. Meanwhile, yes/no pronouncements on the viability of investing in each location are tossed off quickly like afterthoughts. Rogers does impart some great investment advice here, like the contention that the next bull market will be in commodities (raw materials) rather than securities, most of the currencies in the world are collapsing, and that the surprise up-and-coming nations will be Angola and Bolivia. But otherwise, Rogers quickly dismisses most of the visited countries due to political strife. He also spends a lot of time on his soapbox, making vast pronouncements on how to solve the world's ills, most of which involve a simplistic belief in free trade (the phrase "the miracles of international trade" pops up once), and the predictable disdain for globalization's critics that we keep hearing from those with vested interests. Rogers fails to notice that much of the political strife he encountered around the world resulted from mismanaged globalization efforts.
Rogers should have written two books inspired by his remarkable journey. The first would be a travelogue and adventure story about the perils and rewards of death-defying travel. The second book would be a solid examination of worldwide investing opportunities and the futures of developing vs. declining nations and their economies. Both would be much stronger than this book that unsuccessfully tries to blend the two, but leaves both poorly covered.