Successful Investing

Successful investing means getting in early, when things are cheap when everything is distressed, when everyone is demoralized.

Sugar Is Going To Be Much Higher Over The Next Decade

Sugar is going to be much higher over the course of the next decade or so. Sugar is down about 70% or 75% from its all-time high. Sugar has been amazingly depressed in the past three-four decades. So sugar is going to go much much higher before this bull market is over.

There's Going To Be A Huge Shift In American Society

There's going to be a huge shift in American society, American culture, in the places where one is going to get rich. The stock brokers are going to be driving taxis. The smart ones will learn to drive tractors so they can work for the smart farmers. The farmers are going to be driving Lamborghinis.

The World Faces Serious Problems In Agriculture

The world faces serious problems in agriculture. We are facing shortages of everything. The inventories are near historic lows so any problem will have an immediate, profound effect. We are facing a shortage of farmers so any problems will turn into even bigger. But any weather problems will have big effects because of the dire situation in farming. Agriculture will be one of the best sectors of the world economy for years as I have told you often.

The Best Investment Opportunity In The World Right Now Is Myanmar

Probably the best investment opportunity in the world right now is Myanmar. In 1962, Myanmar was the richest country in Asia. They closed off in 1962, and now it's the poorest country in Asia. I see enormous opportunities there because they're now opening up. It's like when China opened up in 1978. There were unbelievable opportunities going forward. The same is true in Myanmar now in my view. North Korea, I expect to see the same sorts of developments.

European Bailouts: Absurd Economics And Absurd Morality

The way the system should work is when you fail, you fail, and competent people are required to come in reorganise the assets. What we are doing in the West now is taking assets from the competent people, giving them to incompetent people, and saying 'now you compete with the competent people with their money'. It is absurd economics and it is absurd morality.

If You're Smart, Put Your Money Into Anything Related To Agriculture

Nobody wants to farm any more. Yet there are more people than even now. Seven billion of us....Fewer and fewer people are producing more and more food for more and more of us. That's only going to get worse over the next 20 or 30 years. So if you're smart, put your money into anything related to agriculture.