Jim Rogers
One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do.
Jim Rogers
Most of my thoughts, you couldn´t print.
Jim Rogers
My basic advice is don´t lose money.
Jim Rogers
I sell euphoria and buy panic.
Jim Rogers
Those who can not adjust to change will be swept aside by it. Those who recognize change and react accordingly will benefit.¨
Jim Rogers
If you compound your money at 9 percent a year, you are better off than investors whose results jump up and down, who have some great years and horrible losses in others. The losses will kill you. They ruin your compounding rate, and compounding is the magic of investing.
Jim Rogers
My early losses taught me a lot. Since then – I don’t like to say this kind of thing – I have made very few mistakes. I learned quickly not to do anything unless you know what you are doing. I learned that it is better to do nothing and wait until you get a concept so right, and a price so right, that even if you are wrong, it is not going to hurt you.
Jim Rogers
Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.
Jim Rogers
Don’t do anything until you know you’ve got it right.
Jim Rogers
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.
Jim Rogers
Do not let others do your thinking for you
Jim Rogers
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.
Jim Rogers
The panic, the hysteria, in and of itself is only a catalyst to make me look to see what is going on. It doesn’t mean I’m going to do anything.
Jim Rogers
If anybody laughs at your idea, view it as a sign of potential success!
Jim Rogers
Beware of all politicians everywhere. They excelled at recess when they were in school but have excelled at little since.
Jim Rogers
If everyone saw himself as a citizen of the world rather than of his town, city or country, the world would be a more peaceful, better place where success in all forms is abundant and available to all.
Jim Rogers
Common sense? Not so common. Most perceived wisdom is a misconception.
Jim Rogers
I have no boundaries. I am totally flexible. I am open to everything, and I pursue everything. I have no more compunction about speculating in Singapore dollars or shorting Malaysian palm oil than I do about buying General Motors.
Jim Rogers
I haven´t met a rich technician.
Jim Rogers
It should be written down as an axiom that you always invest against the central banks. When the central banks try to prop up a currency, go the other way.
Jim Rogers
Get 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 your money.
Jim Rogers
The basic skills of math, English and writing are not enough… …you must develop a basic system of valuesto form and guide the use of these skills. The true test will not be what you learned in college, but how you used what you learned.
Jim Rogers
Common sense? Not so common.
Jim Rogers
If 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?
Jim Rogers
Index investing outperforms active management year after year.
Jim Rogers
Commodities tend to zig when the equity markets zag.
Jim Rogers
Do not buy the hype from Wall Street and the press that stocks always go up. There are long periods when stocks do nothing and other investments are better.
Jim Rogers
Historically, there has been a bull market in commodities every 20 to 30 years.
Jim Rogers
Right now I own shares of companies in 28 countries.
Jim Rogers
But now we are having more and more social unrest, certainly we are going to have a lot of social unrest. The price of food is going up. When food prices go up, people get out agitated and they look for someone to blame.
Jim Rogers
What you have to do is you have to find things that will protect your assets, real assets: Silver, rice, natural gas; something that will hold its value in an inflationary time… I do it two ways: I own gold and silver coins in my hand, in my house, in my box; I also own gold and silver futures that’s another way to do it.
Jim Rogers
Attention to details is what separates success from failure
Jim Rogers
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.
Jim Rogers
The Chinese have been saving and investing over 35 percent of their income and the United States has been saving and investing two percent of our income. We’ve been borrowing and consuming. They’ve been saving and investing.
Jim Rogers
Paper money is made of cotton, and I’m long cotton, by the way. One reason I’m long cotton is because Dr. Bernanke is out there running the printing presses as fast as he can.
Jim Rogers
If the world economy gets better, commodities are going to make a fortune. If the world economy does not get better, commodities are the place to be because they are going to print more money, and that’s how you protect yourself.
Jim Rogers
Bottoms in the investment world don´t end with four-year lows; they end with 10- or 15-year lows.
Jim Rogers
If one can borrow at fixed rates, I would certainly urge him to these days and in US dollars, because in my view interest rates will certainly be going higher over the next decade or two. Maybe there will be another drop first, but, no, no, no…these interest rates are absurd and will not last.
Jim Rogers in Fox Business News January 2013
Maybe the trend is your friend for a few minutes in Chicago, but for the most part it is rarely a way to get rich.
Jim Rogers
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.
Jim Rogers
Whenever I buy or sell something, I always try to make sure I’m not going to lose any money first. If there is very good value, then I’m probably not going to lose much money even if I’m wrong.
Jim Rogers
Learn languages (make sure Mandarin is one of them)
Jim Rogers
“Lady Luck smiles on those who continue their efforts”
Jim Rogers
I don’t think of myself as a trader. I think of myself as someone who waits for something to come along. I wait for a situation that is like the proverbial “shooting fish in a barrel.”
Jim Rogers
I’m not a good trader. I’m nearly always too early.
Jim Rogers
If anybody laughs at your idea view it as a sign of potential success
Jim Rogers
Just about every time you go against panic, you will be right if you can stick it out.
Jim Rogers
The market is nearly always wrong. I can assure you of that.
Jim Rogers
Recognize change & embrace it
Jim Rogers
Pay attention to what everybody else neglects
Jim Rogers
Never, ever, follow conventional wisdom in the market. You have to learn to go counter to the markets. You have to learn how to think for yourself; to be able to see that the emperor has no clothes. Most people can’t do it. Most people want to follow a trend.
Jim Rogers
Absolutely. It is amazing how sometimes something important will happen, and the market will keep going despite that. Now, I am experienced enough to know that just because I see something doesn’t mean that everyone sees it… …If the market keeps going the way it shouldn’t go, especially if it is a hysterical blowoff, then you know an opportunity will present itself.
Jim Rogers
Whether I am bullish or bearish, I always try to have both long and short positions – just in case I’m wrong. Even in the best of times, there is always somebody fouling up, and even in the worst of times, there is somebody doing well.
Jim Rogers
You should be willing to buy or sell anything… …You should be flexible and alert to investing in anything.
Jim Rogers
I don’t want to make it sound like I don’t know how to lose money – because I know how to lose money better than most people – but there has not been a major mistake in a long time. But you have to remember that I don’t trade that often. It is not as though I’m making three decisions a month. I may make three decisions a year, or five decisions a year, and I’ll stay with them.
Jim Rogers
Good investing is really just common sense. But it is astonishing how few people have common sense – how many people can look at the exact same scenario, the exact same facts and not see what is going to happen. Ninety percent of them will focus on the same thing, but the good investor- or trader- will see something else. The ability to get away from conventional wisdom is not very common.