5 Jim Rogers Quotes To Make You A Better Investor
Jim Rogers is a legendary investor who co-founded the Quantum Fund with George Soros. During his 10 years on Wall Street, Rogers achieved an incredible 4,200% return.
Here are five quotes from Rogers to help make you a better investor.
1. “Those who can not adjust to change will be swept aside by it. Those who recognize change and react accordingly will benefit.”
In the year 2000, Marc Randolph and Reed Hastings met with the executives at Blockbuster. They were there to sell their company, Netflix, for $50 million.
At the time, Netflix was mostly shipping DVDs through the mail, but Randolph and Hastings were already planning for the future: video streaming where customers could instantly watch any film from home. Blockbuster rejected the pitch.
Today Netflix is a multi-billion dollar business. Blockbuster is gone.
Look towards the future and think about what it brings. Doing so allows you to capitalize off innovation. Think Amazon, Apple, Bitcoin, telemedicine… Early adopters risked very little while reaping enormous rewards.
