Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too … - Jim Rogers

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There's the people who have one of these cell phones in their pockets and don't have a clue how it's made. But I really want to understand.

Jim Rogers

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.

Opinion Leaders, People, Support, Turn, Wisdom

Same Author Quotes

Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.

Bottoms, Four, Investing Money, Investment, World, Years

If everyone thinks one way, it is likely to be wrong. If you can figure out that it is wrong, you are likely to make a lot of money.

Figure, Figures, Likely, Thinking, Way

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.

Investing, Lying, Money, Pick, Situation, Waiting

Buy low and sell high. It's pretty simple. The problem is knowing what's low and what's high.

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The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that.

Business, Fallacy, Finance, Market, Nearly, Public