Quote

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

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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
Way
Presses
Fast
Paper
Running
Money
Reason
Made
Cotton
Long
Printing

More quotes by 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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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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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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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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Commodities tend to zig when the equity markets zag.
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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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If you want to be lucky, do your homework.
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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.
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I haven't met a rich technician
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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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The first loss is the best loss.
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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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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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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.
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Unfortunately politicians are not very sound people or they wouldn't be politicians.
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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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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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You will never get anywhere if you do not do your homework.
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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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