Tuesday, December 22, 2009

Jim Rogers: Advice for Tiger Woods

Jim Rogers has a knack for making great sound bytes but his latest interview has maybe my favorite one to date:

Why are we listening to Mr. Geithner?  Why are we listening to any of those guys down there [in Washington]?  They said in writing that the solution to our problem is to spend more money, to spend our way out of this.  That's what got us into this problem - too much debt, too much consumption - and now we're going to solve it with more debt and more consumption?  That's like saying to Tiger Woods - if you get another girlfriend you'll solve your problems.  Five more girlfriends and you'll solve your problems.

Watch the full video of Jim Rogers on CNBC:


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