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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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Jim Rogers
Age: 82
Born: 1942
Born: October 19
Businessperson
Economist
Entrepreneur
Financier
Investor
Non-Fiction Writer
Baltimore
Maryland
James Jim Beeland Rogers
Jr
Giving
Banks
Larger
Specific
Significant
Totally
Names
American
Without
Bankrupt

More quotes by 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.
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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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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Beware of all politicians everywhere. They excelled at recess when they were in school but have excelled at little since.
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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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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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
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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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If you want to be lucky, do your homework.
Jim Rogers
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The first loss is the best loss.
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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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
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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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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 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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Lady Luck smiles on those who continue their efforts
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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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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You will never get anywhere if you do not do your homework.
Jim Rogers
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Commodities tend to zig when the equity markets zag.
Jim Rogers