Quote

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
Jr
Pieces
Intangible
Says
Commodity
Company
Invest
Never
Zero
Buying
Price
Futures
Piece
Commodities
Paper
Bankrupt

More quotes by Jim Rogers

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If you want to be lucky, do your homework.
Jim Rogers
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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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If anybody laughs at your idea, view it as a sign of potential success!
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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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Most successful investors, in fact, do nothing most of the time.
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Historically, there has been a bull market in commodities every 20 or 30 years.
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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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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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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.
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I learned very early in my investing careers: I better not invest in what I want. I better invest in what's happening in the world. Otherwise I'll be broke - dead broke.
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Unfortunately politicians are not very sound people or they wouldn't be politicians.
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Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.
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You will never get anywhere if you do not do your homework.
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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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Commodities tend to zig when the equity markets zag.
Jim Rogers
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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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Beware of all politicians everywhere. They excelled at recess when they were in school but have excelled at little since.
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Right now I own shares of companies in 28 countries.
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I was poor once, I didn't like it, I don't want to be poor again.
Jim Rogers