Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).
Wednesday, February 6, 2013
High Leverage And Industry Tops
Jim Rogers : "Whenever an industry gets hot, everybody tries to figure out how to get to be the richest. If it`s real estate, they figure out a way to leverage themselves to the full. If shipping is hot, they go and buy tankers, but they don`t put any money at all; they figure out a way to do a deal. They leverage themselves to the hilt; that`s the way to get the richest the fastest. It`s also the sign of the topping in shipping, or real estate, or wheat, or whatever it happens to be." - in Trading The World`s Markets
at 11:48 AM