Jim Rogers : Eventually, the money runs out

Jim Rogers : “Eventually, the money runs out. As long as you can trick enough people and they put up the money, you can keep going. But eventually. throughout history, the money has always run out, and people eventually say, ‘We’re not going to give you anymore,’ such as Greece, the current example. “The UK in 1918 was the richest, most powerful country in the world, by far, but within three generations they were bankrupt – they couldn’t even sell government bonds – and had to be bailed out by the IMF. Throughout history, it always runs out when you spend other peoples’ money.”

- in The Money Man Report
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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%.