The last leg of a bull market always ends in hysteria; the last leg of a bear market always ends in panic. Jim Rogers More Quotes by Jim Rogers More Quotes From Jim Rogers 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 whome 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. Jim Rogers opinion-leaders support people 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." Jim Rogers investing waiting lying 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 eggs choices watches 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. Jim Rogers figures way thinking Buy low and sell high. It's pretty simple. The problem is knowing what's low and what's high. Jim Rogers problem knowing simple Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows. Jim Rogers active-management investing-money years One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people – not that I’m better than most people – always have to be playing; they always have to be doing something. They make a big play and say, “Boy, am I smart, I just tripled my money.” Then they rush out and have to do something else with that money. They can’t just sit there and wait for something new to develop Jim Rogers smart play boys The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that. Jim Rogers fallacy finance business I cannot invest the way I want the world to be; I have to invest the way the world is. Jim Rogers want way world Following what everyone else is doing is rarely a way to get rich. Jim Rogers get-rich rich way Most successful investors, in fact, do nothing most of the time. Jim Rogers humorous success funny Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob. Jim Rogers chance facts thinking My basic advise is don't lose money Jim Rogers advise loses 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 smart new-york moving If you want to make a lot of money, resist diversification. Jim Rogers diversification lots-of-money want You will never get anywhere if you do not do your homework. Jim Rogers homework ifs 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 broke world If anybody laughs at your idea, view it as a sign of potential success! Jim Rogers views laughing ideas 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. Jim Rogers corners waiting lying 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. Jim Rogers pieces zero paper
