Quote

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
Jr
Doe
Lots
Sometimes
Politician
Even
Worked
Work
Short
Debasing
Long
Usually
Currency
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Medium
Never
Term
Mediums
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Politicians

More quotes by Jim Rogers

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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.
Jim Rogers
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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.
Jim Rogers
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You will never get anywhere if you do not do your homework.
Jim Rogers
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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.
Jim Rogers
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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.
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.
Jim Rogers
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Historically, there has been a bull market in commodities every 20 or 30 years.
Jim Rogers
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Unfortunately politicians are not very sound people or they wouldn't be politicians.
Jim Rogers
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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.
Jim Rogers
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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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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
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Lady Luck smiles on those who continue their efforts
Jim Rogers
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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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The first loss is the best loss.
Jim Rogers
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If you want to be lucky, do your homework.
Jim Rogers
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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
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Most successful investors, in fact, do nothing most of the time.
Jim Rogers
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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.
Jim Rogers
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If anybody laughs at your idea, view it as a sign of potential success!
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.
Jim Rogers