Showing posts with label jim rogers. Show all posts
Showing posts with label jim rogers. Show all posts
Wednesday, June 22, 2011
Sunday, June 19, 2011
Monday, June 13, 2011
Thursday, May 26, 2011
Tuesday, May 17, 2011
Jim Rogers: Here's The Most Important Thing On What Investors Should Do
I would say one lesson we all need to learn is that after you’ve had a great success, you really should be very worried. Let’s say you sell and say you’ve made 10 times on your money. You should be extremely worried. You should close the curtains, not read, look at the TV, or anything because that’s when you’re full of hubris, arrogance, confidence. You think, “God, this is something easy,” and you’re desperate to jump around to something new. You should do your very best to avoid making another play until you’ve calmed down a lot. Just wait. It’s a very dangerous time for any investor.
Likewise, if you take a huge loss and there’s a big panic and things are dumped on your head because you’re overextended or wrong for whatever reason, calm down, don’t say, “I’m never gonna invest in stocks again or commodities or whatever.” That’s the time you really should be willing to invest again if you can gather together some capital money. The investments can be terribly emotional. You have to figure out a way to control your emotions and deal with your emotions if you’re going to survive in these markets.
My advice is that, most of the time, most investors should do nothing. They should look out the window or go to the beach. You should wait until you see money lying in the corner and all you have to do is go over and pick it up. That’s how most investors should invest. The problem is we all think we need to jump around all the time and be jumping in and out and that’s not good.
We think we have to have investments. No, we don’t. If I said you could only have 25 investments in your whole lifetime or if there was some way to limit you to 25, you would be extremely careful. You wouldn’t be jumping around doing all sorts of strange things. Patience is what most investors need to learn. You don’t have to be doing things all the time. Most of the time the best thing is to do nothing. You just sit with what you have as an investment and let it ride or sit and wait until you see someone sitting in the corner.
Most of the time – unless you’re a short-term trader and great at it. I’ve known some spectacular short-term traders. But for most investors, unless you’re one of those guys, then you should just do nothing. Do nothing. If you’re an investor, do nothing except re-examine what you have, and if you’re not investing, just continue to look until you find something.
Jim Rogers, via Stockhouse
Likewise, if you take a huge loss and there’s a big panic and things are dumped on your head because you’re overextended or wrong for whatever reason, calm down, don’t say, “I’m never gonna invest in stocks again or commodities or whatever.” That’s the time you really should be willing to invest again if you can gather together some capital money. The investments can be terribly emotional. You have to figure out a way to control your emotions and deal with your emotions if you’re going to survive in these markets.
My advice is that, most of the time, most investors should do nothing. They should look out the window or go to the beach. You should wait until you see money lying in the corner and all you have to do is go over and pick it up. That’s how most investors should invest. The problem is we all think we need to jump around all the time and be jumping in and out and that’s not good.
We think we have to have investments. No, we don’t. If I said you could only have 25 investments in your whole lifetime or if there was some way to limit you to 25, you would be extremely careful. You wouldn’t be jumping around doing all sorts of strange things. Patience is what most investors need to learn. You don’t have to be doing things all the time. Most of the time the best thing is to do nothing. You just sit with what you have as an investment and let it ride or sit and wait until you see someone sitting in the corner.
Most of the time – unless you’re a short-term trader and great at it. I’ve known some spectacular short-term traders. But for most investors, unless you’re one of those guys, then you should just do nothing. Do nothing. If you’re an investor, do nothing except re-examine what you have, and if you’re not investing, just continue to look until you find something.
Jim Rogers, via Stockhouse
Why Jim Rogers Stays In Gold And Commodities
Jim Rogers, veteran investor, talks to FT's head of Lex, John Authers, about the value of gold and silver, the strength of commodities, Federal Reserve chairman Ben Bernanke and Treasury yields plus the housing bubble in China. He was interviewed at the CFA Institute Annual Conference in Edinburgh. (10m 12sec)
Click to watch video.
Click to watch video.
Jim Rogers: Getting An MBA Is A Total Waste Of Time, Money And Energy
I said before that one of the bubbles I see in the world is tertiary education in the United States. It’s bankrupt financially and probably other ways besides financially. Business school is basically a waste of time. Most of what you learn is inaccurate and incorrect. Learning things like efficient market theory and some of the other gibberish that they keep putting out and Black Scholes…
All that stuff is totally wrong.
Those poor kids who’ve spent a couple hundred thousand dollars going to business school – not only have they spent a lot of money, but the stuff they learned was wrong. It was inaccurate. Yes, it’s got to change. It’s got to change dramatically.
I certainly was telling students not to go to business school. If you want to spend a couple hundred thousand dollars, I would urge you to go down and short soybeans one day or start your own business. I tell you, you short soybeans a couple of times, you’ll learn more doing that than you could in 10 years at business school.
If you spend your time and money in the real world, you’re probably going to learn a whole lot more than what you would at business school, most of which is wrong.
To give you an idea, in 1958 America graduated 5,000 MBAs a year. In 1958, America was the richest, most powerful country in the world. There wasn’t a number two. Now we produce over 200,000 MBAs per year, and that doesn’t include all the MBAs in other countries. There are tens of thousands in other countries. Everybody else has jumped on this MBA bandwagon.
So MBAs are a dime a dozen at a time when finance is coming under more and more pressure from governments economically, financially and every other way. So MBAs are a terrible waste of time, energy and money. You should take your couple hundred grand and start a business. You’ll learn a whole lot more even if you go bankrupt and lose everything, then you will at business school.
Jim Rogers, via Stockhouse
All that stuff is totally wrong.
Those poor kids who’ve spent a couple hundred thousand dollars going to business school – not only have they spent a lot of money, but the stuff they learned was wrong. It was inaccurate. Yes, it’s got to change. It’s got to change dramatically.
I certainly was telling students not to go to business school. If you want to spend a couple hundred thousand dollars, I would urge you to go down and short soybeans one day or start your own business. I tell you, you short soybeans a couple of times, you’ll learn more doing that than you could in 10 years at business school.
If you spend your time and money in the real world, you’re probably going to learn a whole lot more than what you would at business school, most of which is wrong.
To give you an idea, in 1958 America graduated 5,000 MBAs a year. In 1958, America was the richest, most powerful country in the world. There wasn’t a number two. Now we produce over 200,000 MBAs per year, and that doesn’t include all the MBAs in other countries. There are tens of thousands in other countries. Everybody else has jumped on this MBA bandwagon.
So MBAs are a dime a dozen at a time when finance is coming under more and more pressure from governments economically, financially and every other way. So MBAs are a terrible waste of time, energy and money. You should take your couple hundred grand and start a business. You’ll learn a whole lot more even if you go bankrupt and lose everything, then you will at business school.
Jim Rogers, via Stockhouse
Saturday, May 14, 2011
Jim Rogers On US Dollar And On Alternative Energy
Rogers says long term the US dollar is finished and that the Chinese yuan is a safe currency.
He also thinks great fortunes will be made in agriculture and in alternative energies, such as wind and solar, over the coming years.
Bloomberg
He also thinks great fortunes will be made in agriculture and in alternative energies, such as wind and solar, over the coming years.
Bloomberg
Wednesday, May 11, 2011
Monday, May 9, 2011
Sunday, May 8, 2011
Jim Rogers: Should You Buy Silver Now?
"I have no idea. I am not good at market timing. I am not doing anything. I am not buying. I am not selling. I am just watching. Some of these things such as silver have touched astonishing amount. So they need a correction. Very welcome in the market as far as I am concerned. If you do not have corrections, you are setting yourself for serious problems later on.
It is interesting that you should probably short all commodities, but I do not seek that at all. Maybe something is happening, maybe the US is going to put on some kind of speculation with something, maybe that is what is causing this commodity pullback. Again, I have no idea. If the US puts on serious restrictions to control, that will affect the market for a while, but obviously, it makes a long run situation even better. Because then you control prices, you restrict supply and you increase demand, the demand-supply situation gets worst and worst and worst. Throughout history, they have tried to control prices, and they have always failed in the end. The politicians are not smart enough to know that."
The Economic Times
It is interesting that you should probably short all commodities, but I do not seek that at all. Maybe something is happening, maybe the US is going to put on some kind of speculation with something, maybe that is what is causing this commodity pullback. Again, I have no idea. If the US puts on serious restrictions to control, that will affect the market for a while, but obviously, it makes a long run situation even better. Because then you control prices, you restrict supply and you increase demand, the demand-supply situation gets worst and worst and worst. Throughout history, they have tried to control prices, and they have always failed in the end. The politicians are not smart enough to know that."
The Economic Times
Friday, April 29, 2011
Friday, April 22, 2011
Jim Rogers: I'm Shorting U.S. Treasury Bonds On Any Rise
"If the bond goes up another 3 or 4 points, I for one am going to sell it short. I just think at some point along the line, people are going to realise it's absurd to lend money to the United States government for 30 years in U.S. dollars at 3 or 4 or 5 or 6 percent interest. I mean the market is just going to give up. Once the Fed stops buying bonds I'm not sure who's left to buy bonds at that point."
Jim Rogers
Tuesday, April 19, 2011
Monday, April 18, 2011
Sunday, April 17, 2011
Wednesday, April 13, 2011
Thursday, April 7, 2011
Jim Rogers: We Have Serious Inflation
"With the U.S. pouring gasoline over the fire, it’s going to be much more difficult for anybody to stop inflation. America is fanning it as best as it can, and it’s going to get worse."
Jim Rogers
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