Crude Oil: Price Outlook

Normally when things collapse they wiggle around for a while, rally and then they test the bottom, they test the lows again a few days, weeks or months later. And that may be what crude oil is doing now.

I will point out that I keep reading all sorts of bad news about oil but it does not go down to new lows. In my experience when there is a lot of bad news and something does not go down anymore, it means the bottom is forming.

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Successful Investors Do Nothing Most Of The Time

Most of the time many successful investors do nothing. They are either waiting to find things and I have used the expression, wait until something where there is just money lying in the corner and all you have to do is to go there and pick it up.

Wait for a good opportunity, in other words, and if you find a good opportunity you will probably do most of the time waiting too, waiting for it to develop and mature. You need of course to check it all the time to make sure it is still correct, but most of the time, I do nothing and many, many successful investors do nothing most of the time.

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.