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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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Jim Rogers
Age: 82
Born: 1942
Born: October 19
Businessperson
Economist
Entrepreneur
Financier
Investor
Non-Fiction Writer
Baltimore
Maryland
James Jim Beeland Rogers
Jr
Guess
Lynch
Soon
Commodities
Longer
Analysts
Young
Profitable
Many
Commodity
Even
Executives
Hot
Market
Merrill
More quotes by Jim Rogers
Most successful investors, in fact, do nothing most of the time.
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The first loss is the best loss.
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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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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.
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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.
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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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Commodities tend to zig when the equity markets zag.
Jim Rogers
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
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 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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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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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.
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Historically, there has been a bull market in commodities every 20 or 30 years.
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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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If you want to be lucky, do your homework.
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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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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.
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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.
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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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I cannot invest the way I want the world to be I have to invest the way the world is.
Jim Rogers