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

More quotes by Jim Rogers

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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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Most successful investors, in fact, do nothing most of the time.
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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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If you want to be lucky, do your homework.
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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 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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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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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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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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Lady Luck smiles on those who continue their efforts
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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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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.
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If anybody laughs at your idea, view it as a sign of potential success!
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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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Right now I own shares of companies in 28 countries.
Jim Rogers
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Historically, there has been a bull market in commodities every 20 or 30 years.
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Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.
Jim Rogers
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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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Unfortunately politicians are not very sound people or they wouldn't be politicians.
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