“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.”
- Jim Rogers in Trading The World`s Markets
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).
