Jim Rogers, the irascible co-founder of the Quantum Fund, has apparently invested in another fintech company.
According to LiveMint, Rogers has invested an undisclosed amount in Korean robo-advisory firm Wealth & Liberty. This is Rogers’ second investment in a fintech startup – as we’ve previously reported, the global macro guru had invested in Chinese online brokerage Tiger Brokers.
Little is known about Wealth & Liberty, but in any case, Rogers seems to be less interested in the companies’ prospects than in its founders:
His investment was based on the fact that he found its founders were “smart and driven”, rather than the company’s prospects.
“If I lose all my start-up investments, it is not the end of the world. The way I look at it—if these investments come to nothing, I won’t even notice. I don’t pay any attention to my start-up investments,” he added.
Photo: Gage Skidmore