I find Jim Rogers travelling round the world and evaluating investment potential very inspiring. Investment Biker is a book about his adventure and his thoughts on economy and investment in remote corners of the world. Some places you would not even dare to put your foot on and he had went. Not by planes, but on his motor-bike. That’s how he got his nickname – The Indiana Jones of Finance. This book was written in 1994 and you could see some of his judgement have became reality.
Investing in immature markets
Rogers, when he was in Austria, wrote “My attitude is, if you believe in a country, you should buy shares of every decent stock on its exchange. If you’ve got the right concept, going for you, they’re all going to move up together. I bought shares in everything that had a solid balance sheet – a home-building construction company, finance and ......