Jim Rogers, How To Invest

How To Invest According To Jim Rogers: ".... You will also know when to sell, because you will see before anybody else that the great change you noticed a few years ago is starting to reverse itself – someone is building a cheaper product, the competition has intensified. Let's say you have done that. After ten years you have made ten times your money. Now is when you are most vulnerable. You think: I have to find something else. I have to do it again. This is wonderful. This is so easy. It is the great mistake people make. Now and then a time comes when doing nothing is the wisest course. Most successful investors, in fact, do nothing most of the time. You bought that stock ten years ago, and you did nothing for the next ten years – you did nothing but watch what was going on, nothing but watch for changes. That is how you make money." (source: Business Insider)

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When Doing Nothing Is The Better Choice

What do the Iraq Invasion and the 2009 crash of Air France Flight 447, which killed 228 people, have in common?

Well, what if George Bush had done nothing, instead of invading Iraq?

What if, he had thought "twice" before taking that action he was so gung-ho about, before committing a nation's fortune and countless human lives because of some erroneous "intel" that someone equally clueless told him was a "slam dunk."

You would think human beings would have learned a little more by now, but even in the rarefied air of commercial piloting, some are wondering if robotic "thinking" rather than human "reptilian" thinking wouldn't be better--

Should Airplanes Be Flying Themselves? | Vanity Fair: "... So here is the picture at that moment: the airplane was in steady-state cruise, pointing straight ahead without pitching up or down, and with the power set perfectly to deliver a tranquil .80 Mach. The turbulence was so light that one could have walked the aisles—though perhaps a bit unsteadily. Aside from a minor blip in altitude indication, the only significant failure was the indication of airspeed—but the airspeed itself was unaffected. No crisis existed. The episode should have been a non-event, and one that would not last long. The airplane was in the control of the pilots, and if they had done nothing, they would have done all they needed to do...."

They would have all arrived safely in Paris. Instead we get a tragic loss of life due to "human error."

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