Jim Rogers Quotes

“Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whom have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things everybody knows turn out to be wrong.”

“Commodities tend to zig when the equity markets zag.”

“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.”

“Following what everyone else is doing is rarely a way to get rich.”

“Historically, there has been a bull market in commodities every 20 or 30 years.”

“History shows that people who save and invest grow and prosper, and the others deteriorate and collapse.”

“I haven't met a rich technician.”

“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.

Even people who lose money in the market say, 'I just lost my money, now I have to do something to make it back.'

No, you don't. You should sit there until you find something.”

“If you bail out every investment bank that gets in trouble, that’s not capitalism, that’s socialism for the rich.”

“If you want to make a lot of money, resist diversification.”

“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.”

“Nearly every time I strayed from the herd, I've made a lot of money. Wandering away from the action is the way to find the new action.”

“One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. 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 wait for a situation that is like the proverbial shooting fish in a barrel.”

“Sometimes I think our central bank will keep printing money till we run out of trees.”

“Teach your children or your grandchildren Chinese. It is going to be the most important language of their lifetimes.”

“The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that.”

“The key is to make your clients money. If you have a good track record, people will find you and knock on your door.”

“The last leg of a bull market always ends in hysteria; the last leg of a bear market always ends in panic.”

“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.”

“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.”

“If anybody laughs at your idea, view it as a sign of potential success!”

“If everyone saw himself as a citizen of the world rather than of his town, city or country, the world would be a more peaceful, better place where success in all forms is abundant and available to all.”

“Lady Luck smiles on those who continue their efforts.”

“Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.”

“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.”

“Those who can not adjust to change will be swept aside by it. Those who recognize change and react accordingly will benefit.”

“I have learned that when you've done your homework, once you recognize that supply and demand are totally out of whack, and you make your move, you are definitely going to get very lucky.”