“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.”
Jim Rogers
PinIf everyone thinks one way, it is likely to be wrong. If you can figure out that it is wrong, you are likely to make a lot of money.PinThe 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.PinBuy low and sell high. It’s pretty simple. The problem is knowing what’s low and what’s high.PinI cannot invest the way I want the world to be; I have to invest the way the world is.
“One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do… 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 wait for a situation that is like the proverbial “shooting fish in a barrel.”
Jim Rogers
PinNever act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.PinTough times helped many commodities producers become lean and mean through consolidation, mergers and cost-cutting. All that excess supply has been sopped up.PinGet inside information from the president and you will probably lose half your money. If you get it from the chairman of the board, you will lose all of your money.
“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.”
Jim Rogers
10 Wise Jim Rogers Quotes on Investing (WISDOM)
PinThe biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that.PinAcknowledge the complexity of the world and resist the impression that you easily understand it… It’s a basic fact of life that many things “everybody knows” turn out to be wrong.PinHistory shows that people who save and invest grown and prosper, and the others deteriorate and collapse.PinFollowing what everyone else is doing is rarely a way to get rich.PinNearly every time I strayed from the herd, I’ve made a lot of money. Wandering away from the action is the way to find the new action.PinCommodities tend to zig when the equity markets zag.PinYou will never get anywhere if you do not do your homework.PinBottoms in the investment world don’t end with four-year lows; they end with 10 or 15-year lows.PinThe last leg of a bull market always ends in hysteria; the last leg of a bear market always ends in panic.PinIndex investing outperforms active management year after year.
10 Jim Rogers Quotes that will Make You Rethink Investing and Money
PinMost successful investors, in fact, do nothing most of the time.PinIf you want to make a lot of money, resist diversification.PinIf the current birth rate, which is the lowest in the major developed countries, continues, there will be no Japanese. Who will pay the enormous debt?PinThere is no such thing as a paper loss. A paper loss is a very real loss.PinIf you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia.PinMany investors seem to have forgotten a hard reality: There are frequent periods when stock markets don’t do much.PinHistorically, there has been a bull market in commodities every 20 or 30 years.PinIf anybody laughs at your idea, view it as a sign of potential success!PinDo not buy the hype from Wall St. and the press that stocks always go up. There are long periods when stocks do nothing and other investments are better.PinThere is nothing better than having to struggle and make your own way.
(MUST READ) Street Smarts: Adventures on the Road and in the Markets
Overcoming depression and suicidal thoughts, Jeremiah Say found solace in quotes. After filling countless pages with resonating words, he moved his collection online to save trees and inspire others. Thus, GraciousQuotes.com was born. Jeremiah firmly believes in the power of quotes to swiftly spark inspiration during hard times. His blog is dedicated to uplifting others through these shared wisdoms. Discover more about Gracious Quotes or get in touch with Jeremiah.
