One reason, other than the fact that I grew up in the backwoods of
Alabama, that I could recognize bubbles is because I had read about
them. I realized, 'Oh my God, they said the same thing in the '20s!'
They said the same thing in previous bull markets, no matter where it
was. 'This time it's different.' They're always talking about this new
technology, or new genius or new methods. Just go back and read market
history, economic history — history. I tell kids all the time that they
should study history if they want to be successful at just about
anything, because it has all happened before.
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).
