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

This is a book published long time ago. Roughly about 10 years, if I am not mistaken. I read this book once. Recently, a good article reminds me of this book. As such, I think time is just right to reread this book.

Hmm.... I am getting old. The last I read this book, I could not get the inspiration I want. During the first journey in exploring this book, it merely strengthen my belief that correlation and diversification is so important. This time around, I get more.

Well, how good this book after a thoroughly second read? The quotes extracted below tell the whole story:

The most efficient and profitable way to invest is through "index funds" because they are tied to such major indexes. Instead of trying to beat the average in the market, you join them by purchasing a fund that features a basket of stocks guaranteed to match the average, no matter what.

Anytime you move away from the herd, they herd will criticize you; it will call you crazy... But, when you make some money going against the grain, you're no longer crazy; you are just "lucky".

Certainty is an incomprehensible word to any rational and responsible investor. Only political ideologues, religious fanatics and other madmen believe they have all the answer.

I don't like to sell something short unless it's unbelievably expensive. And I mean unbelievably. I've shorted lots of things in my life that were expensive, only to see them get more expensive.

In fact, most traders lose more of the time. It's the bottom line that counts - winning more than you lose.

In fact, I thought this is the right time to reread this book (especially with the recent slump of crude oil). Yes, certain things may not be relevant given commodities' current environment. However, it proves that prediction is never an easy task. Put it this way: If master like Jim Rogers cannot do it precisely, what makes you and I think that we can do it? Hence... instead of focusing on predicting; why not concentrate in reacting? I had been reacting for more than 15 years. Hmm... so far so good, LOL.

Rating wise, I am going to give 10/10 for this book. Well, Jim Roger's prediction may not be perfect. But, his boldness in publishing this book deserved high respect from me. This book serves as good refreshment for traders always. I will surely come back to this book in due time.