And that’s a good way to do it. If you have the time and the money to go around the world in a car or a motorcycle do it. It’s a great adventure, at least for me. I’ve done it twice. The investing was a sideline.
But just walking down the street, if you can be observant you can find investment ideas. Sometimes I missed them but other times not, and I capitalized on it. And I read a lot. I don’t know much about basketball but I know what’s going on around the world because I read and that’s my passion.
Start with what interests you. Find the changes in the industry you like and figure out ways to invest and profit from it. This will you put you ahead of Wall Street because this is your passion, so you can get in before anybody else. You can also get out sooner, because Wall Street is always late in getting out.
Over the course of your life you can spot 25 or so good investment opportunities. Concentrate your efforts on understanding them rather than jumping around and you will do very well.
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.