It is a very good introduction.

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	• Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market Jim Rogers Random House Trade Paperbacks, 2007 - 272 pages average customer review:based on 90 reviews view larger image
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highly recommended

Must Read

Jim Rogers is the best Commodities Trader there is. His knowledge can only help.

It is a very good introduction.

His views on the commodity cycle, and how they switch leadership with financial assets are very well explained. This one section makes the whole book worth reading.

The sections on specific commodities are also interesting.

But while I really enjoyed the book overall, his insistence on buying positions in the actual commodities was a bit disappointing. In my humble and less than educated opinion, there are some viable alternatives to buying a position on margin with a commodities broker, and I think those should have been discussed further.

So I would look at this book as a good introduction, and consider looking at alternative sources on how to play this trend.

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Worth Its Weight In Gold!

Rogers' "Hot Commodities" is awesome! Jim does a fantastic job of laying out both the historical framework as well as capturing the depth and breadth of the importance of adding this asset class to an investment portfolio. Superior research that is well-cited combined with hands-on personal experience make this book a winner, a must-have for your personal investment library. Superb, 5 Stars!

Solid

First a few responses to various comments I've seen in other reviews: Rogers was the analyst for the original Quantum Fund, while Soros was the trader. Rogers came up with ideas for trades, and Soros would implemt them. Rogers was not Soros's lackey as one reviewer mentioned. He was a key reason the fund was successful.

Second, Rogers doesn't believe in technical analysis, so criticising the book for not discussing technicals makes no sense.

There is some weakness as far as trading methodologies, but Rogers is somebody who believes in buying future contracts when bullish from a fundamental perspective, and selling them when he is no longer bullish. He uses no technical analysis, and I'm not sure he even uses stops on his trades. He admits he's a lousy trader and is early very often, having to sit through periods of time when something he bought goes down for a while. He believes in indexing commodities for many investors, which I think makes good sense.

You need to understand how Rogers got started. He started trading commodities and currencies when he was a college student, getting his ideas from reading the newspapers. He had very little money, but did well for himself because we were in a bull market for commodities. He very much believes that anyone willing to take the time to understand what's going on in the world can do this themselves.

Nowadays, there are several mutual funds that deal with commodities, and a new ETF that actually invests in futures contracts. So for the average investor it's getting easier and easier to get commodity exposure, which I would recommend.

The book is quite entertaining and well written, and should make most people comfortable enough with commodities that allocating a portion of their portfolio to the mutual funds or ETFs that deal with these things should not cause them too much heartburn.

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Good value for you money

This is a good book. It would be better if the author had had the courage to cut some 80 of its 240 pages or so. It would be better still if he had also added some pages on the operational aspects of commodities trading.
Jim Rogers is knowledgeable and it shows. He writes clearly and gracefully and this keeps the reader turning the pages as quickly as he can. The only problem is when describes the commodities he likes or dislikes most. He delves into too many details. Details not useful for those who only want to learn how to invest. That's when he sounds ostentatious; it detracts from the elegance he otherwise displays.
The reader could benefit a lot more if the book had more information on the operational side of buying commodities. Practical hints on how and when to buy and sell, for instance.
All in all, this is a good book. Good value for your money.

PS -- An important omission is that the author does not develop the ideia of buying indexes instead of buying the "real" thing. This is a serious omission since investing in indexes is a way to make money with commodities without having to get into the details of each one of them.

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reviews: 1, 2, 3, 4, 5, 6, page 7, 8, 9, 10, 11, 12, 13, 14, 15, 16

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