"Millionaire openly shares three straightforward strategies credited for my wealth accumulation - strategies easily accessible for all"
John Rogers, the founder, co-CEO, and chief investment officer of Ariel Investments, emphasizes that passion, good relationships, and reliability are essential for a successful career and fulfilling life.
Rogers, who founded Ariel Investments in 1983, manages $14 billion (around €12.9 billion) today. His journey in the world of finance began when he chose to forge his own path, a lesson he encourages children from wealthy families to follow.
Drawing on Warren Buffett's famous concept of the "circle of competence," Rogers believes that people make better decisions when they stay in areas they truly understand. This principle has guided him throughout his career, leading to investments in "wonderful companies that can grow and compound over time," rather than settling for weak investments.
Rogers' passion for his work is evident, as he expresses his love for it even at the age of 67. He plans to continue for a few more years before stepping back to become a coach and mentor.
One of the key factors in Rogers' success is his emphasis on long-term, trusted friendships for advice in tough times. He calls on experienced investors, school friends, and former classmates for guidance in difficult situations.
Rogers' advice to children includes choosing friends based on character, not status or wealth, a lesson he learned from his father. He encourages building a career around topics one loves and nurturing personal networks.
In addition to his professional life, Rogers values good relationships in all aspects. He recommends treating everyone equally and showing respect, especially when one has wealth and opportunities. He also encourages maintaining relationships with smart, thoughtful, ethical, and honest people for career growth.
Rogers' daughter, like him, has forged her own path. She works at Autodesk and pursues her passion for art, design, and creativity. Rogers encourages his children to be ready to pay a high price for high-quality assets, whether they are stocks, paintings, or properties.
Rogers serves on the boards of Nike and the New York Times Company, further demonstrating his commitment to good relationships and his expertise in investment.
However, information about his long-standing, trusted friends and advisors remains elusive. What is clear is that Rogers' life and career are a testament to the power of passion, relationships, and reliability in achieving success and living a fulfilling life.
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