"It may have been Meyer Rothschild, the German banker and patriarch of
the legendary House of Rothschild who, when asked how he got so rich,
attributed his success to two things. He said he always bought when
there was blood in the streets - panic, chaos - when despondency gripped
the markets. (in old man Rothschild case, investing amid the turbulence
of the Napoleonic wars, the blood was as likely to be literal as it was
to be figurative.) And he always sold "too soon". He did not wait for
the enthusiasm to peak. He always knew when to get out, and he got out
in time with all his money." - in Adventure Capitalist
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).