While arranging my old books, i found this book. Damn, I forgot that I bought this book and I never read it before, hahaha...
This book is interesting. First of all, Jim Rogers's books are always interesting due to his very indifferent life and exciting way of leading his life. Secondly, this book is interesting as the author pointed out a lot of future progress in the world. As I am reading it late (after few years, oh my god!), some predictions by Jim Rogers either becomes reality or becomes irrelevant at the moment. Thirdly, this book is interesting to me as the whole book is not bored at all. After all, every human beings dream to have life like Jim Rogers. Hence, since we cannot make it, why not envy him? Haha... Finally, we got a book that travels all around the world. There is a Chinese idiom that says: A book holds a house of gold (书中自有黄金屋). Well, this book certainly meets that.
I read every book by Jim Rogers. Surprisingly, this book rates as one of my favorites. Perhaps, I am in the age of getting old. As such, I am no more the guy who is searching high and low for investment holy grain. I appreciate more on Jim Rogers's life journey. From there, I found the wisdom I want and I hope it will help to shape my entire life.
The small flaw in this book perhaps lies with the facts that there are some repetitions from his past book. Hence, a new reader may find this book perfect. But, old timers who had follows Jim Rogers for the past few years might get bored with the repetitions.
This book offered a lot of wisdom and interesting insights. To me, this is a book of Jim Rogers's life journey. The title itself tells the whole story. It is not only about how to be street smarts in the market. It is also about how to be street smarts as human beings. I highly recommend this book despite the small flaw as mentioned above. For a full rating of 10, I am going to rate this book at 8.
Last but not least... we just could not ignore the street smarts quotes from the book. Here we are:
Do not worry about failure. Do not worry about making mistakes in life. It is good to lose money, to go broke at least once, and preferably twice. But if you are going to do it, do it early in your career.
You can diversify, and you will be safe, but you are not going to be rich. Stay with what you know, do not jump around.
There are plenty of ways to make money on Wall Street, and just as in any endeavor, whether it is a music, art, or finance, you have to find your own way.
The fact is that these politicians and bureaucrats, including the secretary of the Treasury, know little about currencies. They speak out of both sides of their mouths, often at the same time, and will say whatever is most politically expedient at the moment.
Plato, in The Republic, says that the way societies evolve is by going from dictatorship to oligarchy to democracy to chaos and back to dictatorship. The Asian way seems to suggest that Plato knew whereof he spoke.
The Chinese are among the best capitalists in the world. California is more communist than China. Massachusetts is more socialist than China. People would rather do business in China than just about anywhere else in the world, including South Korea, including Europe and certainly including United States.
All the growth rate figures are unreliable. It is stupefying to me that India could claim to have a clue what is going on even in India, much less in China or in the United States. America is always revising its numbers, and most of them are made up. I have learned over the years not to pay attention to them. They are mainly exercises in public relations.