Jim Rogers quotes
born October 19, 1942, American hege fund manager
Certainly I hope that silver goes down for a while because it was turning into a
move. As I said earlier, every parabolic move ends badly. I hope that silver and all
commodities continue to go up, you know, with normal corrections along the way. And in five
or ten years there are gonna be unbelievably high prices. And then I hope I'm smart enough
to sell if the bull market is coming to an end... if anything turns into a parabolic move, you
have to sell.
Jim Rogers, 2011
America as we know it is not going to exist anymore. Over 7 trillion dollars, and probably more
like 10 or 12 trillion dollars, on all these bail-outs. And you know who's gonna pay for them?
You, me, my little girls, everybody's children, everybody's grandchildren. It's outrageous!
If you can find ways to invest in Myanmar you will be very, very rich over the next 20, 30, 40
I am bullish on agriculture; I am bullish on all commodities.
In 1987 stocks went down 40 to 80 per cent. You know, when we had the big crash. People
still stepped in and bought more and then stocks went up 8, 10, 1200 percent after that. You
don't even remember 1987, it looks like a blip if you look at it. That's what's gonna be
happening with silver and gold right now.
Jim Rogers, 2011
Become a Chinese farmer, that's what you should do.
Paper money is made of cotton, and I'm long cotton, by the way. One reason I'm
is because Dr. Bernanke is out there running the printing presses as fast as he can.
India is not a place for investors, but it's a fabulous country for tourists.
The United States is the largest debtor nation in the history of the world. This is not news.
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.
If the world economy gets better, commodities are a very good place to be in. Even if the
world economy does not improve, commodities are still a fabulous to be in.
If anybody laughs at your idea, view it as a sign of potential success!
I only like to buy China when it collapses and it hasn't collapsed in nearly two years. My
children are going to own my Chinese shares. I'm not planning to sell my Chinese shares ever.
If you listen to governments, then you are not going to make a lot of money. Governments lie,
distort and make mistakes.
Those who can not adjust to change will be swept aside by it. Those who recognize change
and react accordingly will benefit.
The most sensible skill that I can give to somebody born in 2003 is a perfect command of
- Jim, who's best for the US economy? Romney Santorum or Obama?
- Of those three? None of the above. Are you kidding? Those guys don't have a clue what's
on. They all have made a mess of it so far and they'll just make it worse. No. None of the
- Which candidate will be better for America in your view?
- Well, the only one that understands what's going on, the ones that are running, you know,
Ron Paul certainly understands. But nobody, none of the others do. None of the
a clue. They are all part of the same problem. They made the problem. Why would we think
that those guys who made the problem can now solve the problem?
Jim Rogers, Reuters interview 2012
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.
Now, how many times have I told people that you should never invest in something unless you
yourself know an enormous amount about it?
The assets of the world are now in Asia. The world has shifted dramatically. Yes, I see
opportunities in Asia, but the largest creditor nations in the world are now in Asia: China,
Japan, Korea, Taiwan, Hong Kong, Singapore. This is where all the money is now. We have to
wake up to the fact that the world has changed and that the power - the money anyway -
has shifted east, not west.
What you have to do is you have to find things that will protect your assets, real assets:
Silver, rice, natural gas; something that will hold its value in an inflationary time… I do it two
ways: I own gold and silver coins in my hand, in my house, in my box; I also own gold and
silver futures - that's another way to do it.
I don't know any way to short either Harvard or Stanford.
The cities of London and Wall Street are not going to be great places to be in the next two
or three decades. It's going to be the people who produce real goods in charge –the
farmers and the miners.
Of course it can get worse. It can turn into a civil war which can rage for a long time. I
doubt it will, given the state of the world. But now we are having more and more social
unrest, certainly we are going to have a lot of social unrest. The price of food is going up.
When food prices go up, people get out agitated and they look for someone to blame. The
way our system's supposed to work is: Incompetent people fail, competent people take their
assets, start over from a fresh base, a stronger base, and then the system grows again.
What's happening now is: They're taking the assets from the competent people, giving them
to the incompetent people, and say to the incompetent people, "Ok, now you can compete
with the competent people." And so the whole system is terribly weakened.
Jim Rogers, 2009
The Japanese did what we're doing, in the 1990s: They refused to let anybody fail. They
bailed everybody out. They used to talk about zombie-companies, zombie-banks, the walking
dead in Japan. It's 18 years later and Japan has still not recovered from those problems
because they refused to let people fail.
The Chinese have been saving and investing over 35 per cent of their income and the United
States has been saving and investing two percent of our income. We've been borrowing and
consuming. They've been saving and investing.
Never act upon wishful thinking. Act without checking the facts, and chances are that you will
be swept away along with the mob.
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.
Europe as a whole is the largest economy in the world. If Europe has problems, we in the US
are going to feel those problems.
Normally, when you have serious events like this, there's panic selling. The best thing to do
historically has been to wait a little while and then buy into the panic selling. In 1995 when
they had the Kobe earthquake, the Japanese stock market went down 25 per cent but ended
the year almost flat.
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.