Sunday, October 13, 2013

Jim Rogers: Skip the MBA, get an agriculture degree




Jim Rogers believes the finance industry is about to slip into secular decline. That's why the famed investor advises young people to pursue careers in farming rather than in finance.

"If you've got young people who don't know what to do, I'd urge them not to get MBAs, but to get agriculture degrees," Rogers told CNBC.com.

That's because the financial commentator and author of "Street Smarts: Adventures on the Road and in the Markets" is bearish about the entire financial field.

"Finance has been good the past 30 years, but it was not good the 30 years before that, and it's happening again," Rogers said. "Finance is in decline. In the future, the center of the world will not be finance—it's going to be the producers of real goods."

Economist Robert Shiller recently raised the related question of whether the "best and the brightest" are doing to the world a disservice by going into finance. In a September column in Project Syndicate, the Yale economics professor asked: "Are too many of our most talented people choosing career in finance—and, more specifically, in trading, speculating, and other allegedly 'unproductive' activities?"

After all, there is a good argument that the agriculture field will present more compelling problems to solve.

"We are going to be trying to feed 9 billion people by 2050 with the same number of acres of arable land," said Timothy Burcham, dean of agriculture and technology at Arkansas State University. Calling that task "overwhelming," Burcham notes that "the opportunities for a person that has a graduate degree in agriculture are great now, but they are going to be really, really excellent going into the future."

Rogers is factoring the expected rise of the agriculture industry into his investing thesis. "Recently, I've been looking at agriculture stocks," Rogers said. "I've been excited about looking for things to buy in agriculture."

And in a late Wednesday telephone interview from Singapore, Rogers' prediction even took on a personal tone. He advised this writer: "Pursue an agriculture degree, and you'll be rich."

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Warren E. Buffett(沃伦•巴菲特)
Be fearful when others are greedy, and be greedy when others are fearful
别人贪婪时我恐惧, 别人恐惧时我贪婪
投资只需学好两门课: 一,是如何给企业估值,二,是如何看待股市波动
吉姆·罗杰斯(Jim Rogers)
“错过时机”胜于“搞错对象”:不会全军覆没!”
做自己熟悉的事,等到发现大好机会才投钱下去

乔治·索罗斯(George Soros)

“犯错误并没有什么好羞耻的,只有知错不改才是耻辱。”

如果操作过量,即使对市场判断正确,仍会一败涂地。

李驰(中国巴菲特)
高估期间, 卖对, 不卖也对, 买是错的。
低估期间, 买对, 不买也是对, 卖是错的。

Tan Teng Boo


There’s no such thing as defensive stocks.Every stock can be defensive depending on what price you pay for it and what value you get,
冷眼(冯时能)投资概念
“买股票就是买公司的股份,买股份就是与陌生人合股做生意”。
合股做生意,则公司股份的业绩高于一切,而股票的价值决定于盈利。
价值是本,价格是末,故公司比股市重要百倍。
曹仁超-香港股神/港股明灯
1.有智慧,不如趁势
2.止损不止盈
成功者所以成功,是因为不怕失败!失败者所以失败,是失败后不再尝试!
曾淵滄-散户明灯
每逢灾难就是机会,而是在灾难发生时贱价买股票,然后放在一边,耐性地等灾难结束
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