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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.
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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Way
Works
Medium
Never
Term
Mediums
Like
Easy
Politicians
Doe
Lots
Sometimes
Politician
Even
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Work
Short
Debasing
Long
Usually
Currency
More quotes by Jim Rogers
Historically, there has been a bull market in commodities every 20 or 30 years.
Jim Rogers
I’ve got one shot going through this life. I want to make sure I do as much as I can.
Jim Rogers
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.
Jim Rogers
I was poor once, I didn't like it, I don't want to be poor again.
Jim Rogers
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.
Jim Rogers
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.
Jim Rogers
Commodities tend to zig when the equity markets zag.
Jim Rogers
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
I don`t think I own any US stocks, if I do its very few, so few I can`t even remember.
Jim Rogers
I cannot invest the way I want the world to be I have to invest the way the world is.
Jim Rogers
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.
Jim Rogers
Right now I own shares of companies in 28 countries.
Jim Rogers
Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.
Jim Rogers
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.
Jim Rogers
Beware of all politicians everywhere. They excelled at recess when they were in school but have excelled at little since.
Jim Rogers
Unfortunately politicians are not very sound people or they wouldn't be politicians.
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
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
If you bail out every investment bank that gets in trouble, that's not capitalism, that's socialism for the rich
Jim Rogers
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
