Thursday, June 25, 2009 1 comments ++[ CLICK TO COMMENT ]++

Jim Rogers not shorting anything or buying anything

“I have no shorts for one of the first times in my life,” Rogers, a co-founder with George Soros of the Quantum Fund, told Reuters TV in Singapore. “On the other hand I don't see much to buy.”

The above quote from a Reuters story picked up by the Globe & Mail sort of shows the current state of the market. I don't follow Rogers closely but I can't recall him not buying, or shorting, something over the last 5 years. I think this is a sign that the market is neither overvalued nor undervalued.


1 Response to Jim Rogers not shorting anything or buying anything

June 29, 2009 at 2:14 PM

In the classic book, Market Wizards by Jack Schwager, Jim Rogers said
<p><span>(p. 286) One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. </span>
</p><p><span><span><span>            </span>That is why I don’t think of myself as a trader. I think of myself as someone who waits for something to come along. I wait for a situation that is like the proverbial “shooting fish in a barrel.”</span></span>

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