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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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Jim Rogers
Age: 82
Born: 1942
Born: October 19
Businessperson
Economist
Entrepreneur
Financier
Investor
Non-Fiction Writer
Baltimore
Maryland
James Jim Beeland Rogers
Jr
Gets
Trouble
Rich
Every
Bail
Bank
Socialism
Investment
Capitalism

More quotes by 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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Right now I own shares of companies in 28 countries.
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
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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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If you want to be lucky, do your homework.
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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I was poor once, I didn't like it, I don't want to be poor again.
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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Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.
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.
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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You will never get anywhere if you do not do your homework.
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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The first loss is the best loss.
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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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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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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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 anybody laughs at your idea, view it as a sign of potential success!
Jim Rogers