by Brian Hunt, Testosterone Pit.com:
Of all the brilliant things Jim Rogers has ever said, I believe this one is head-and-shoulders above the rest:
“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 do nothing in the meantime.”
Rogers is one of the most successful money managers in history. He made so much money investing and trading during the 1970s, he left the conventional side of work to travel and run his own money. You can read more about him in the greatest trading book ever, Market Wizards.
In that short quote above, Rogers nails one of the most important factors to trading and investment success: Don’t spend your time and energy chasing mediocre trades and investment opportunities. Only move when the odds are overwhelmingly in your favor.
Please follow SGT Report on Twitter & help share the message.