"You can no longer buy commodities at Merrill Lynch. My guess is many analysts and even executives are too young to know how profitable a hot commodities market can be. They will soon"
- Jim Rogers
About this Quote
This quote by Jim Rogers suggests that Merrill Lynch no longer provides products trading, which a number of the experts and executives at the company are too young to comprehend the possible profitability of a commodities market. He indicates that they will quickly discover, however, as products trading can be a rewarding service. This could be due to the truth that commodities are often viewed as a hedge versus inflation, and can be an excellent way to diversify a portfolio. Additionally, products can be traded on margin, implying that financiers can take advantage of their capital to increase their returns. For that reason, it is likely that Merrill Lynch's experts and executives will quickly pertain to comprehend the capacity of products trading.
This quote is written / told by Jim Rogers somewhere between October 19, 1942 and today. He/she was a famous Businessman from USA.
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