Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whome have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong.
Jim RogersIt's a lot of fun finding a country that nobody knows about. The only thing better is finding a country everybody's bullish on and shorting it.
Jim RogersOne of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people โ not that Iโm better than most people โ always have to be playing; they always have to be doing something. They make a big play and say, โBoy, am I smart, I just tripled my money.โ Then they rush out and have to do something else with that money. They canโt just sit there and wait for something new to develop
Jim RogersI don't think there is a sound UK bank now, at least, if there is one I don't know about it. The City of London is finished, the financial centre of the world is moving east. All the money is in Asia. Why would it go back to the West? You don't need London.
Jim Rogers