Jim Rogers : the Investment Banks are a disaster

Jim Rogers : I did not trust investment banks as you rightly pointed out I had shorted them short I am still short Investment Banks ..no no no those guys are a disaster , it's too bad the government had not let them fail it would have been better for the system if they let them go ahead and go bankrupt , I mean they let one go bankrupt they should have let all of them go bankrupt , no you should not trust anybody except yourself , if I tell you invest in something you should not invest in it unless you yourself know a lot about it that's the only way you gonna be successful as an investor , do not listen to people you see on the internet or the magazines or the TV , you will never be successful unless you yourself know what's you are doing ....



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%.