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
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