Jim Rogers Quotes
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I don`t think I own any US stocks, if I do its very few, so few I can`t even remember.
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Most successful investors, in fact, do nothing most of the time.
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The price of a commodity will never go to zero. When you invest in commodities futures, you're not buying a piece of paper that says you own an intangible piece of company that can go bankrupt.
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The last leg of a bull market always ends in hysteria; the last leg of a bear market always ends in panic.
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I think this is also a great time to invest in private equity, helping companies grow from the ground up.
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The City of London and Wall Street are not going to be great places to be in the next two or three decades. It's going to be the people who produce real goods in charge – the farmers and the miners.
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Many investors seem to have forgotten a hard reality: There are frequent periods when stock markets don't do much.
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You can no longer buy commodities at Merrill Lynch. My guess is many analysts and even executives are too young to know how profitable a hot commodities market can be. They will soon.
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Buy low and sell high. It's pretty simple. The problem is knowing what's low and what's high.
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Tough times helped many commodities traders become lean and mean through consolidation, mergers and cost cutting. All that excess supply has been sopped up.
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I was poor once, I didn't like it, I don't want to be poor again.
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If you want to make a lot of money, resist diversification.
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I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.
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Debasing your currency sometimes works in the short term, it has never worked in the long term and does not even usually work in the medium term. Lots of politicians like to do it because it is an easy way.
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My basic advise is don't lose money
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Following what everyone else is doing is rarely a way to get rich.
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The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that.
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You don't train for only the 100-meter dash and you don't practice only the excerpts. When I prepared for auditions, I spent most of my time each day on scales and exercises to be my best in basic musicianship, and only a half-hour or so on the actual excerpts I'd be playing.
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Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whome have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong.
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If you want to be lucky, do your homework.
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Historically, there has been a bull market in commodities every 20 or 30 years.
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Index investing outperforms active management year after year.
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Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.
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One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people – not that I’m better than most people – always have to be playing; they always have to be doing something. They make a big play and say, “Boy, am I smart, I just tripled my money.” Then they rush out and have to do something else with that money. They can’t just sit there and wait for something new to develop
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I’ve got one shot going through this life. I want to make sure I do as much as I can.
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I haven't met a rich technician
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Not one country in existence today has had the same borders and government for as long as two hundred years. The world will continue changing.
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Diversification is something that stock brokers came up with to protect themselves, so they wouldn't get sued for making bad investment choices for clients. Henry Ford never diversified, Bill Gates didn't diversify. The way to get rich is to put your eggs in one basket, but watch that basket very carefully. And make sure you have the right basket.
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I don't think there is a sound UK bank now, at least, if there is one I don't know about it. The City of London is finished, the financial centre of the world is moving east. All the money is in Asia. Why would it go back to the West? You don't need London.
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Unfortunately politicians are not very sound people or they wouldn't be politicians.
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