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Hot Commodities : How Anyone Can Invest Profitably in the World's Best Market [Hardcover]

Jim Rogers
4.0 out of 5 stars  See all reviews (126 customer reviews)

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Book Description

December 28, 2004
This is a limited supply copy of the hardcover book personally autographed by the author. Get your copy of this collectible item, autographed by the legendary Jim Rogers himself!

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Hot Commodities : How Anyone Can Invest Profitably in the World's Best Market + A Gift to My Children: A Father's Lessons for Life and Investing + Street Smarts: Adventures on the Road and in the Markets
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Editorial Reviews

Amazon.com Review

According to Jim Rogers, "commodities get no respect." Here are a few reasons why he thinks they should: they are easier to comprehend and study than stocks and behave more rationally since they are subject to the basic laws of supply and demand; they have outperformed many other investment options in recent years; it is foolish to ignore an entire sector of the marketplace; and a bull market is currently under way in commodities--a trend that Rogers expects to last for a least a decade longer. Further, Rogers believes that you cannot be a successful investor in stocks, bonds, or currencies without an understanding of commodities. Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market is designed to introduce the novice to the basics of investing in commodities as well as explain what they are and why they are important. In doing so, he shatters some myths about the relative risks of commodities, explains the relationship between the stock and commodities markets, and provides a succinct analysis and history of the global oil, gold, lead, sugar, and coffee markets.

Rogers also offers practical advice and information for beginners, including the best resources, how to read the commodities reports in the newspaper or on television, the various ways to open an account, information on index funds (such as Rogers' own index fund that he started in 1998), mechanisms, terminology, and other vital details people must know before investing. Clearly written and entertaining, Hot Commodities offers a solid introduction to investments that many people, including financial advisors, fail to give the proper respect. --Shawn Carkonen

From Booklist

Commodity investing has gotten a bad rap. Everyone seems to have heard of someone who "lost his shirt" trading commodity futures. What are commodities? Commodities are "things," the essential raw materials that go into making everything from bread to automobiles. This includes foodstuffs such as sugar, wheat, soybeans, and coffee; the fossil fuels crude oil and natural gas; and industrial materials such as lumber, copper, lead, gold, and silver. As a group, they typically do well when stocks are doing poorly, and vice versa. But unlike stocks, the price of commodities can never go to zero. Rogers, known for his world travels, his ability to size up any market, and his contrary approach to investing, says we are in the beginning of a multiyear bull market in commodities. Although he is promoting his new commodities fund, he makes a very good case that commodities belong in any balanced portfolio, particularly now. Rogers walks us through the sometimes obscure language of commodity trading, and shows us how to get involved without "losing our shirts." David Siegfried
Copyright © American Library Association. All rights reserved

Product Details

  • Hardcover: 272 pages
  • Publisher: Random House; Copyright 2004 edition (December 28, 2004)
  • Language: English
  • ISBN-10: 140006337X
  • ISBN-13: 978-1400063376
  • Product Dimensions: 9.3 x 6.5 x 1 inches
  • Shipping Weight: 1.1 pounds (View shipping rates and policies)
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (126 customer reviews)
  • Amazon Best Sellers Rank: #390,163 in Books (See Top 100 in Books)

More About the Author

Born in 1942, 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.He now contributes to Fox News, Worth, and others as he and Paige eagerly await their first child.

Customer Reviews

This book is great for anyone who is not familiarized with trading commodities. David Portillo  |  32 reviewers made a similar statement
Jim Rogers wrote a very easy to read book. Edward Keenan  |  13 reviewers made a similar statement
He is well reasoned and, I believe (in this book at least), he makes good sense. Paul Gargan  |  10 reviewers made a similar statement
Most Helpful Customer Reviews
238 of 247 people found the following review helpful
4.0 out of 5 stars A good introduction to futures and more December 30, 2004
Format:Hardcover|Amazon Verified Purchase
Those who have listened to Jim Rogers speak in the past few years will find no real surprises in this book. He likes commodities, and he likes china. He is not quite so fond of india and dislikes russia. You only have to go back to his previous book adventure capitalist to get that message, where he went into much detail about the problems with both india and the central asian states and their particular brand of outlaw capitalism.

So the message to buy commodities is not new in this book, but in this book he gives you some basic information on commodites, nothing new here. In the middle of the book, however, he breaks the commodities down, and makes an individual case for each of them, based on fundamentals and history. This, in my opinion, is the strength of the book and what makes it worth the price.
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75 of 76 people found the following review helpful
4.0 out of 5 stars Great insights from a world class investor February 3, 2005
By John B
Format:Hardcover
I've been a fan of Jim Rogers for a long time. I've read his previous books (Investment Biker and Adventure Capitalist) as well as numerous articles and stories about him (Worth Magazine, Fortune, Barrons, etc). This book did not disappoint.

What I enjoy most about Rogers is the fact that's he's produced consistent results throughout his career. He made a fortune with George Soros in the 70's at the Quantum Fund (up 4,000% in the decade). He made huge calls about the crash of '87, the crash in the Nikkei, forecasts of emerging bull markets in Austria, Botswana, and numerous other countries. His move into commodities in 1998 was another great coup.

No investor is going to be perfect. No one will get it right 100% of the time (he's been overly bearish on the US since at least the early 90's). But I believe Rogers core philosophies will get you much further than anything else you hear in the mainstream media and by the talking heads on TV. They haven't made fortunes in the market for the past 30 years.

"Hot Commodities" is a good introductory guide to the world of commodity investing and more importantly, contrarian investing. Fortunes are made by thinking independently from the crowd, looking for opportunities that no one else sees and making sound, logical investment decisions. Rogers takes you down that thought process beautifully.

I knocked a star off because he could have discussed options and other ways of buying commodities in more depth. Some may see the book as a giant ad for his own commodities fund. More balance would have been nice.

All in all, some great insights from an investing legend.
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172 of 189 people found the following review helpful
5.0 out of 5 stars Great Book January 7, 2005
Format:Hardcover
Jim Rogers wrote a very easy to read book.

If you are looking for hot tips as to what commodity to invest in do not waste your money buying this book. He does not offer any "hot" tips. I personally believe if any one person had "hot" tips to make tons of money, why would they tell other people? It does not make sense. Anyhow this book does not have any formulas, and actually the author points out that most technical analysis traders loose money, it is the people who write the book on technical analysis that make money.

The book however is well written, and makes basic arguements based on facts, namely suppy and demand. Jim Rogers as you can tell from his book is a fundamentalist. His arguements are clear and concise, and make perfect sense. You will not be disappointed in this book, and even if you are technical trader, you could still use many concepts in this book to help with your trading, or if you just want some information on the fundamental side.

This is one of the best books I have bought in a long time. It will sit with my arsenal of other books, so that I can use this to help make better judgements into what commodities to invest into.

He also makes some nice parallels with the stock market and commodities market.

You will not be disappointed, and the price is not bad at all.
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Most Recent Customer Reviews
4.0 out of 5 stars Does not touch on inflation
I would have easily given this phenomenal book a perfect 5/5 rating, except for one critique. Jim rogers does an outstanding job giving a opinion in a good read and does make alot... Read more
Published 3 months ago by Adem
5.0 out of 5 stars Great Book!
This is a really excellent book. The author explains the commodities market very simply and clearly, and also gives the reader a lot of his background experience (which spans... Read more
Published 3 months ago by T. Neiman
5.0 out of 5 stars It's an easy going book
Simple book very good overall information about commodities- useful material for someone who is curious about inflationary environment where you can find something to protect... Read more
Published 4 months ago by Michael Preisler
3.0 out of 5 stars Still Valid After All These Years?
While Rogers is an indisputable master of markets, this material is dated. The view from pre-crisis has yet to be proven in our current situation.
Published 4 months ago by sofaspud
2.0 out of 5 stars Dated and superficial, but probably broadly correct
I am not impressed with Rogers. He is too much of a talking head on Bloomberg, CNBC, and the other networks. Personally, I don't like this degree of self promotion. Read more
Published 4 months ago by Jackal
5.0 out of 5 stars The best book I have read in a long time.
Having heard a lot of Jim Rogers interviews I expected nothing less than perfect from this book. And I got it! Read more
Published 9 months ago by Tanel
2.0 out of 5 stars Good overview. Short on specifics.
A good overview of commodities but of limited help as to specifics. You will not learn the "how to" of commodities.
Published 11 months ago by G. R. Sumpter
3.0 out of 5 stars How Commodities Work and Why You Should Care
"In commodities trading knowledge is the gateway to making money" says Jim Rogers. "My goal is to show you how to think about commodities before you put any money on the table. Read more
Published 12 months ago by Alan Lattanner
3.0 out of 5 stars Good. Not great.
Hot Commodities was my introduction to commodity investing. Jim Rogers has been a successful investor - a rarity among authors of investment books - which is one reason I picked... Read more
Published 15 months ago by Todd
4.0 out of 5 stars Hot Book
Going through Amazon or a local book store, the best selling investment books are always about stocks. Why is there a lack of literature on commodities? Read more
Published 16 months ago by Sean Sheikh
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