Jim Rogers
American writer
James B. Rogers, Jr. (born October 19, 1942) is an American investor and financial commentator. He is co-founder, along with George Soros, of the Quantum Fund, and is a college professor, author, world traveler, economic commentator, and creator of the Rogers International Commodities Index (RICI).
Quotes
edit- If you bail out every investment bank that gets in trouble, that’s not capitalism, that’s socialism for the rich.
- Teach your children or your grandchildren Chinese. It is going to be the most important language of their lifetimes.
- A Bull in China (2007)
- Sometimes I think our central bank will keep printing money till we run out of trees.
- I am dying to find a way to invest in both North Korea and Myanmar. The major changes in these two countries are among the most exciting things I see right now, looking to the future.
- Unfortunately politicians are not very sound people or they wouldn't be politicians.
War is Not a Good Idea (2002)
editJim Rogers (2002) War is Not a Good Idea
- Attacking Iraq would be madness.
- When President Bush goes on television and says certain cultures hate us for our democracy and freedom, he's just wrong. Everywhere I went in the Middle East, everyone told me how much they loved America and Americans; the hatred is directed at American policy.
- The bottom line is this is not a war we want to get into. We can win the battle of Iraq, but that is not the war. It's not a war that can be won in the traditional sense. If we succeed in ousting Saddam Hussein, what then? Who is going to run Iraq afterwards? We cannot do it. The country is a mish mash of factions who hate each other.
Interview, February 2005
editJim Rogers in Interview, February 2005 [1] at tygrrrrexpress.com
- I started out with $600, a second hand Volkswagen, and a wife. One was an asset and one was a liability. I will let you figure out which was which. I liquidated both, and still had the $600. I worked long hours, and spent weekends reading about markets. I simply love it. You have to love what you do, whether it be gardening, hairdressing, etc. When you love it, then the money follows. Even if it doesn’t, you will still be happy. Being happy and poor is better than being unhappy and poor.
- I did very little marketing. The key is to make your clients money. If you have a good track record, people will find you and knock on your door. Just make your clients money.
- When I was a young man working 14 hour days, I traded using outrageous and terrifying leverage. I was either very lucky, very smart or very dumb. That’s what terrifies people about commodities. Commodities themselves are no riskier than stocks. A stock on margin has more risk than a commodity fully paid for. It’s all about the degree of leverage.
