Wednesday, January 29, 2014

Investing: Don`t Follow Others

Following each other is a very dangerous thing. Getting a hot tip and then acting on it and doing what other people are doing, that is nearly always a mistake. Nearly every time in my life that I have done something because others said so, it has costed me money.

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).