Thursday, January 14, 2010

Book Review - A Gift to My Children

OK, so I'm a Sellout.  But hey, Free Book!

I've been asked to write a review for A Gift to My Children: A Father's Lessons for Life and Investing.

When I was asked to do so, I was a bit intimidated.  As the Author of Daddy I Want, I write predominantly humorous accounts of my own ineptitude as a Father and Husband.  Jim Rogers, on the other hand, provides solid advice on how his daughters can grow both their wealth and their characters.

I am somewhat behind the curve.

I know zilch about Investing.  I dabbled in tech stocks before the Dot.Com went Dot.Bust.  By then, I was as lost as everyone else on the planet who bought IPO's of companies they'd never heard of and drooled over 3 for 1 stock splits.

I pulled what was left of my money from the market and invested in tangible things, like Dining Out and stocking the Wine Cellar.

I had doubts about reading the book as well.  I didn't think I'd like it.  But I did.  A Lot.

I can honestly say that when I reached the end, I wanted to learn more.  And not just about the Chinese economy.  The wisdom he imparts on his young daughters may seem like Common Sense, but as Voltaire wrote - "Common Sense is not so Common."

He encourages his daughters to question everything.  Conventional Wisdom reflects the past, and Truth lies in analyzing the present.  The Future cannot be predicted, but History and its context with Current Events can make predictions quite reliable.

Jim Rogers is a Cowboy.  He is a Rogue.  He ran left when others ran right.  He's motorcycled around the world earning Fortune and Fame.  And now that he's retired at the ripe old age of 37!, his higher calling of raising two daughters.

Again, you can't predict the Future, but I wouldn't bet against these young girls.

They are going to be armed to the teeth.

Now if only I had a little money to invest in the Chinese economy.

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