Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Sunday, August 17, 2014

Markets can remain irrational longer than you can remain solvent

“Within the next two or three years, every one of those six companies I had shorted went bankrupt, and I was a genius. Which put me in the mind of saying, “If you’re so smart, then why aren’t you rich?”

“This was the perfect example of being smart and not being rich. I had been so smart I went broke. I did not know what the markets were capable of.”

“On Wall Street there’s no truer adage, I learned, than the one attributed erroneously to John Maynard Keynes: ‘Markets can remain irrational longer than you can remain solvent.'”

Source: Street Smarts




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

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Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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