Signs on when to sell the bubble in stocks

Bubbles are so wonderful if you can time it right. I never have because I usually short it and it goes up more. If I go to China and the receptionist talks about stocks, I will be worried. All of these are bad signs but it could go higher.

When the going gets tough, the politicians change the rules

If I were a municipality, I’d be borrowing as much as I could, since its interest free. You could put it into an arbitrage, if nothing else. 

Why doesn’t Toronto, Canada just borrow a lot of money, turn around and put it in government bonds? I don’t know, I suspect somewhere along the line, the Canadian politicians are going to change the rules. That’s the trick that politicians have done throughout history when things really go against the politicians, they just change the rules on you, in nearly every country in the world at some time in history.

Jim Rogers daughter can speak perfect Chinese

[My daughters] can speak perfect Mandarin, which won’t make them successful, but it will give them an advantage most people don’t have with English and Mandarin. 

Professional career path

Whatever they [my daughters] want to do is fine with me. It would be absurd for me to tell them what to do because they wouldn’t love it and they wouldn’t be successful at it.