If you are looking for some inspiration or some motivation to encourage you to follow or try strategies on the stock market, you are in the right place. In this article we will list the twelve best phrases of Jim Rogers, a very successful American investor. In the year 2021, it is estimated that his net worth amounted to up to 300 million dollars. Not bad at all, right?
It can always be of great help to us to know how the great investors of our time think, what strategies they use, and what their opinions are regarding the movements that may take place in the market and their consequences in the future. So reading Jim Rogers phrases can be very useful to acquire more knowledge. Apart from listing his best phrases, we will also briefly explain who he is and what the so-called Austrian School is.
Jim Rogers best quotes
As we have already mentioned above, Jim Rogers is a famous American investor. He already has many years of experience in the financial sector and is a billionaire. Knowing this, it is worth taking a look at the phrases of Jim Rogers. These can help us to better understand the world of finance or to reflect on certain points of view. It is highly recommended to know how today's great entrepreneurs and investors think in order to learn more about the world of finance. Next we will list the twelve best phrases of Jim Rogers:
- "Most successful investors, in fact, do nothing most of the time."
- "If you want to make a lot of money, run away from diversification."
- "On Wall Street there is no truer saying than..."markets can stay irrational longer than you can stay solvent"..."
- "No matter what we all know today, it's not going to be true in ten or fifteen years."
- "Doing what everyone else is doing is hardly a way to get rich."
- “The last stage of a bull market always ends in hysteria; the last leg of a bear market always ends in a panic.”
- “The greatest public fallacy is that the market is always right. The market is almost always wrong. I can assure you."
- “Buy low and sell high. It is quite simple. The problem is knowing what is low and what is high.
- "Many investors seem to have forgotten a harsh reality: There are frequent periods when the markets don't do much."
- “If everyone thinks one way, they are probably wrong. If you can figure out what's wrong, you can probably make a lot of money."
- "History shows that people who save and invest grow and prosper, and others deteriorate and collapse."
- "If someone laughs at your idea, see it as a sign of potential success."
Who is Jim Rogers?
Now that we know Jim Rogers quotes, let's explain who this man is. On October 19, 1942, James B. Rogers Junior, also known as Jim Rogers or James Beeland Rogers, was born in Baltimore, Maryland. He is about a rather unique American investor who is also a famous financial commentator. He stands out mainly for being co-founder of the Quantum fund, with George Soros. In addition, Jim Rogers is a professor at a college in the United States. He is also the creator of an index related to generic products or «commodities», called Rogers International Commodity Index or RICI. It should be noted that he is the author of the following books:
- Investment Bikers: Around the World with Jim Rogers
- Adventure Capitalist: The Ultimate Road Trip
- Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market
- A Bull in China: Investing Profitably in the World's Great Markets
Today, Jim Rogers resides in Singapore and is the Chairman, not CEO, of Rogers Holdings and Beeland Interests Inc.. This American investor does not consider that he himself strictly follows a certain economic school. However, he does recognize that he has opinions and points of view that can fit quite well in the so-called Austrian School of economics.
What is the Austrian School?
When we speak of the Austrian School, we refer to a school of heterodox economic thought whose foundations are based on methodological individualism. This concept defends that social phenomena are the result of the actions and motivations of all individuals. It is especially characterized by its strong criticism of other economic theories, such as monetary, Keynesian, Marxist and neoclassical. While it is true that Austrians may have different views on economic policy, the Austrian School usually defines itself as "the economic science of the free market."
With this we have already learned something else today. Also, surely we agree with more than one of Jim Rogers's phrases.