Jim Rogers : As far as I know, I’m not quite sure. I do know that I have learned over the years, always, when nearly everybody is thinking the same way that means somebody’s not thinking that means we got to start thinking about it and see if there’s not another way, another approach. Because if everybody says the sky is blue, I at least urge you to go and look out the window and see if it’s blue because I have found that most people won’t even bother to look out the window. If they see on the television or in the newspaper or something that everybody says the sky is blue, I at least urge them to look out the window. I find that most people don’t want to do their homework, that’s the first problem that many people have, is just doing simple homework.
“…no matter what we all know today, it’s not going to be true in 10 or 15 years…”Second, I have learned that if everybody says the sky is blue and I go and look out the window and see that it is blue, I have also learned that, well wait a minute, if everybody knows the sky is blue, is that going to change? Now that everybody knows something, is it time to start thinking about “Well maybe tomorrow the sky will not be blue?” And again, most people say “Well everybody knows the sky is blue and that’s all we need to know.” No, it’s not all you need to know because another thing I have learned in my life is that no matter what we all know today, it’s not going to be true in 10 or 15 years. You pick any year in history and go back and then look to see what everybody thought was true in that year, 15 years later the world had changed enormously. Enormously. And yet in that particular year everybody was convinced that this is the way the world was. Pick 1900, 1930, 1950, any year you want to pick, and you will see that 15 years later, the world was totally, totally different from what everybody thought it was at that time.
So I have learned, for whatever reason, to know that change is coming, to know to think against the crowd, that the crowd is nearly always wrong and to try to think for myself. Now, I certainly make plenty of mistakes and have made plenty of mistakes in my life, but these are some of the things that I have learned, to try to think around the corner, try to think to the future if you want to be successful. - in a recent Exclusive Interview with Birch Gold Group : Click here to read more : http://www.birchgold.com/jim-rogers-interview-qe-currency-gold-inflation/
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.