To be successful, you need leisure. You need time hanging heavily on your hands.
GEORGE SOROSThe main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don’t have much personal use for money.
More George Soros Quotes
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Markets can influence the events that they anticipate.
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Market prices are always wrong.
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Every bubble has two components: something – some real trend, and a misconception about that trend.
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I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.
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I am not well qualified to criticize the theory of rational expectations and the efficient market hypothesis because as a market participant I considered them so unrealistic that I never bothered to study them.
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I chose America as my home because I value freedom and democracy, civil liberties and an open society.
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My sense of insecurity keeps me alert, always ready to correct my errors.
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The world order needs a major overhaul.
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As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.
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To my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states.
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Unfortunately, the more complex the system, the greater the room for error.
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If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.
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I’m only rich because I know when I’m wrong.
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The hardest thing to judge is what level of risk is safe.
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Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
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