Advertisement

December 7, 2004

Jack Covert Selects: Jack Covert Selects--Hot Commodities

By: Jack @ 3:50 PM – Filed under: Management & Workplace Culture

Hot Commodities: How Anyone Can Invest Profitably in the Worlds Best Market by Jim Rogers, Random House, 210 Pages, $25.95 Hardcover, December 2004, ISBN 140006337X
I dont think I have ever chosen an investment book for Jack Covert Selects, but I am making an exception here because I am a sucker for good writing. Jim Rogers wrote two previous books that were a little about money, but a lot about him and his lifeand his life is quite a story. Let me give you an example. His previous book, Adventure Capitalist, is about a three-year, around-the-world road trip in one of the sweetest cars you can imagine. He writes: While I have never patronized a prostitute, I know that one can learn more about a country from speaking to the madam of a brothel or a black marketeer than from meeting a foreign minister. Good words, good writingand those good qualities are plentiful in Hot Commodities. Having made a fortune in investments, he is quite the expert, and he shares his secrets in his newest straightforward investment book.
Rogers believes that a new commodity bull market has started, a market that isn't quite as risky as stocks and not as slow as bonds. As he states at the end of his introduction: I have learned that when youve done your homework, once you recognize that supply and demand is totally out of whack, and you make your move, you are definitely going to get lucky. This, my friends, is one of those times. He suggests that we should focus on investing in the things we know - sugar, cotton, corn, or crude oil.
This book is like sitting back at a ribs joint with a good buddy, and, while listening to his stories, actually learning something about commodities. Great read, full of valuable, applicable advice.
BTW, IF YOU ARE INTERESTED IN GETTING THE FREE MONTHLY REVIEWS I DO, JUST EMAIL ME AT JACK AT 800CEOREAD DOT COM AND I'LL PUT YOU ON THE LIST.