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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
Market
Merrill
Guess
Lynch
Soon
Commodities
Longer
Analysts
Young
Profitable
Many
Commodity
Even
Executives
Hot

More quotes by Jim Rogers

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Most successful investors, in fact, do nothing most of the time.
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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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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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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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Right now I own shares of companies in 28 countries.
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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 bail out every investment bank that gets in trouble, that's not capitalism, that's socialism for the rich
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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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Historically, there has been a bull market in commodities every 20 or 30 years.
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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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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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Unfortunately politicians are not very sound people or they wouldn't be politicians.
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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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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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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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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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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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Beware of all politicians everywhere. They excelled at recess when they were in school but have excelled at little since.
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The first loss is the best loss.
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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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