Some Jim Roger's quotes for thoughtsHis talk about Lithium and Cobalt is very recent, MMS has vast size of 1300km2 Lithium potential in Pilbara , USA and cobalt potential in Yilgarn(?). Thursday, April 4, 2019
Electric Car Revolution: Lithium and Cobalt
Q: Let's back to the future now because we're in the middle of this electric car revolution that's creating a major shift in demand and supply in commodities for things like Lithium and Cobalt. So, is that kind of thematic investment that you're looking at and how is the best way to play it?
A: Well, yes the problem with those two that you mentioned are that there's no public market. You know, there's plenty of futures in Zinc and Copper but there's not futures in Lithium and Cobalt. So you have to be in the mines or buy the stuff itself which is not so easy for most people, including me. I had an interest in a company which had lithium mines but at the moment I have nothing.
"Buy low and sell high. It's pretty simple. The problem is knowing what's low and what's high." ~ Jim Rogers
"If you want to make a lot of money, resist diversification." ~ Jim Rogers
"The price of a commodity will never go to zero. When you invest in commodities futures, you're not buying a piece of paper that says you own an intangible piece of company that can go bankrupt." ~ Jim Rogers
"I haven't met a rich technician" ~ Jim Rogers
"If the world economy gets better, commodities are very good place to be in... even if the world economy does not improve, commodities are still a fabulous place to be."
"Commodities tend to zig when the equity markets zag." ~ Jim Rogers
"One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do... I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up... I wait for a situation that is like the proverbial "shooting fish in a barrel."" ~ Jim Rogers
"Diversification is something that stock brokers came up with to protect themselves, so they wouldn't get sued for making bad investment choices for clients. Henry Ford never diversified, Bill Gates didn't diversify. The way to get rich is to put your eggs in one basket, but watch that basket very carefully. And make sure you have the right basket." ~ Jim Rogers
"Following what everyone else is doing is rarely a way to get rich." ~ Jim Rogers
"I learned very early in my investing careers: I better not invest in what I want. I better invest in what's happening in the world. Otherwise I'll be broke - dead broke." ~ Jim Rogers
"Historically, there has been a bull market in commodities every 20 or 30 years." ~ Jim Rogers
"The first loss is the best loss." ~ Jim Rogers
"Buy low and sell high. It's pretty simple. The problem is knowing what's low and what's high." ~ Jim Rogers
"The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that." ~ Jim Rogers
"If you want to make a lot of money, resist diversification." ~ Jim Rogers
"History shows that people who save and invest grown and prosper, and the others deteriorate and collapse." ~ Jim Rogers
https://en.wikipedia.org/wiki/Jim_Rogers