Quote

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.

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
Financial
Reserves
Bears
Founded
Value
Currency
Values
Stable
Bail
Keep
Fund
Hedge
Federal
Reserve
Maintain
Funds
Bear
Skeptical

More quotes by 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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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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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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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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Most successful investors, in fact, do nothing most of the time.
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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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The first loss is the best loss.
Jim Rogers
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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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I was poor once, I didn't like it, I don't want to be poor again.
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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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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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Lady Luck smiles on those who continue their efforts
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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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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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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 you want to be lucky, do your homework.
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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If you bail out every investment bank that gets in trouble, that's not capitalism, that's socialism for the rich
Jim Rogers
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You will never get anywhere if you do not do your homework.
Jim Rogers
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Unfortunately politicians are not very sound people or they wouldn't be politicians.
Jim Rogers