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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.
Jim Rogers
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Jim Rogers
Age: 82
Born: 1942
Born: October 19
Businessperson
Economist
Entrepreneur
Financier
Investor
Non-Fiction Writer
Baltimore
Maryland
James Jim Beeland Rogers
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Company
Invest
Never
Zero
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Price
Futures
Piece
Commodities
Paper
Bankrupt
Pieces
Intangible
Says
Commodity
More quotes by Jim Rogers
If you want to be lucky, do your homework.
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The first loss is the best loss.
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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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Most successful investors, in fact, do nothing most of the time.
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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.
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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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It's a lot of fun finding a country that nobody knows about. The only thing better is finding a country everybody's bullish on and shorting it.
Jim Rogers
If 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.
Jim Rogers
When things go wrong on a macroeconomic level, it's almost always this way. People find someone to blame, whether it's blacks, whites, Christians, Jews, Muslims-whoever.
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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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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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Commodities tend to zig when the equity markets zag.
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I cannot invest the way I want the world to be I have to invest the way the world is.
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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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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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The Federal Reserve was not founded to bail out Bear Stearns or a few hedge funds. It was founded to keep a stable currency and maintain its value.
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Right now I own shares of companies in 28 countries.
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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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If 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.
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You will never get anywhere if you do not do your homework.
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