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#79
#79

Jim Rogers

Co-founding the Quantum Fund with Soros

Profit

4,200% return in 7 years (vs 47% S&P 500)

Year

1973–1980

Asset

Global macro positions

Category

Macro

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The Thesis

Rogers provided the deep research and fundamental analysis that underpinned Soros's trading, together producing one of the greatest fund performances in history during the 1970s.

The Story

Jim Rogers co-founded the Quantum Fund with George Soros in 1973 with approximately $12 million. Over the next seven years, the fund returned an astonishing 4,200% while the S&P 500 gained just 47%. Rogers was the research engine behind the operation — he would identify macro themes and investment opportunities through exhaustive global research, while Soros executed the trading strategy.

Rogers was famous for his work ethic and global perspective. He traveled extensively, visiting countries and industries firsthand to understand economic trends before they became obvious to the market. After leaving the Quantum Fund in 1980 (at age 37, with enough money to never work again), Rogers twice drove around the entire world — once by motorcycle and once by car — writing books about his adventures and the investment opportunities he found. His partnership with Soros during the 1970s remains one of the most productive collaborations in investment history.

Key Insight

The best investment partnerships pair a deep researcher with a decisive trader — combining exhaustive analysis with bold execution creates returns neither could achieve alone.

If you want to be rich, observe what everybody else does and do the opposite.

Jim Rogers

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