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

More quotes by 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.
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Historically, there has been a bull market in commodities every 20 or 30 years.
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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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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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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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Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.
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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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I cannot invest the way I want the world to be I have to invest the way the world is.
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Commodities tend to zig when the equity markets zag.
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If you want to be lucky, do your homework.
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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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Lady Luck smiles on those who continue their efforts
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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
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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.
Jim Rogers
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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.
Jim Rogers
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Right now I own shares of companies in 28 countries.
Jim Rogers
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Most successful investors, in fact, do nothing most of the time.
Jim Rogers
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Beware of all politicians everywhere. They excelled at recess when they were in school but have excelled at little since.
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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