Legendary Investor Jim Rogers visits the Outer Limits of Inner Truth once again and shares his wisdom.

Born in 1942, Legendary Investor Jim Rogers had his first job at age five, picking up bottles at baseball games. Winning a scholarship to Yale, Rogers was coxswain on the crew. Upon graduation, he attended Balliol College at Oxford. After a stint in the army, he began work on Wall Street. He cofounded the Quantum Fund, a global-investment partnership. During the next ten years, the portfolio gained more than 4,000 percent, while the S&P rose less than 50 percent.

Rogers then decided to retire-at age thirty-seven-but he did not remain idle.Continuing to manage his own portfolio, Rogers served as a professor of finance at the Columbia Univer-sity Graduate School of Business and as moderator of The Dreyfus Roundtable on WCBS and The Profit Motive on FNN. At the same time, he laid the groundwork for his lifelong dream, an around-the-world motorcycle trip: more than 100,000 miles across six continents. That journey became the subject of Rogers’s first book, Investment Biker (1994), now available from Random House Trade Paperbacks. While laying plans for his Millennium Adventure 1999-2001, he continued as a media commentator at Worth, CNBC, et al., and as a sometime professor.

Listen to the Outer Limits of Inner Truth Radio Show’s first interview with Jim Rogers from 2015 that also includes a Forensic Soul Analysis

Quotes from Jim Rogers

“Those who can not adjust to change will be swept aside by it. Those who recognize change and react accordingly will benefit.”

“Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.”

“Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whom have never looked at whether the facts support the received wisdom. It’s a basic fact of life that many things “everybody knows” turn out to be wrong.”

If everyone thinks one way, it is likely to be wrong. If you can figure out that it is wrong, you are likely to make a lot of money.

If you want to make a lot of money, resist diversification.

“If anybody laughs at your idea, view it as a sign of potential success!”

“Nearly every time I strayed from the herd, I’ve made a lot of money. Wandering away from the action is the way to find the new action.”

One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I wait for a situation that is like the proverbial shooting fish in a barrel.