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 RogersRead
I cannot invest the way I want the world to be; I have to invest the way the world is.
Interpretation
What this quote means
Investment decisions must be based on current realities rather than idealistic visions.
Jim Rogers emphasizes the importance of making investment choices that reflect the existing state of the world instead of how one wishes it to be. This quote suggests that a successful investor must be pragmatic and base their strategies on observable facts and trends rather than hopeful ideals, which can often lead to poor financial outcomes.
Themes
InvestmentPragmatismRealityFinancial DecisionsWorldview
In practice
Example use cases
In a finance seminar, when discussing market strategies.
More from Jim Rogers
All quotes →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 RogersRead
Similar quotes
The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.
Warren BuffettRead
Any man who is a bear on the future of this country will go broke.
J. P. MorganRead
A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles.
Henry PaulsonRead
I'll always understand the Schadenfreude aspect to short-selling. I get that no one will always like it. I'm also convinced to the deepest part of my bones that short-selling plays the role of real-time financial watchdog. It's one of the few checks and balances in the market.
James ChanosRead
Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.
Paul Tudor JonesRead
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
George SorosRead