Rather like the Bay City Rollers, Jim Rogers was apparently very big in the 1970s. Just as I would be very cautious on taking Gordon Clark's advice on how to make a hit record in the 21st Century I would very much caution anybody taking Jim Rogers' advice on investing in China.
Firstly, this is in no way a professional book. Rather than some detailed investment analysis on the pros & cons of investing in China, it is closer to a series of populist, `shoot from the hip' statements combined with some pen pictures of various Chinese companies. Given that over the last 20 years the Chinese stock market (in all its various forms) has materially underperformed both the US and the UK a few words of caution about why this might be so, might have been in order.
Additionally, as a professional investor that has been engaged in China for some time I have very mixed feelings about the short and medium term prospects for the country. None of the serious structural reasons behind this are even briefly mentioned, instead personal anecdotes are used.
Secondly, while Jim Rogers is now basking in his newfound fame as an investor, due to his successful call on commodities his track record over the past couple of decades is distinctly patchier. I am old enough to remember such howlers as shorting Intel in 1993 or more recently JPMorgan in February 2009. Is it also a little unfair of me to point out that his research on Shanghai was so insightful and detailed that he was forced to relocate his family a couple months after his arrival due to the pollution?
Before committing any capital to the latest bout of Asian induced euphoria, I would recommend also reading Joe Studwell's `The China Dream' for a realistic counterbalance as well as some reading of David Webb's webb-site internet site.