There is no point in being confident and having a small position.
GEORGE SOROSThe strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
More George Soros Quotes
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Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values.
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The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.
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The hardest thing to judge is what level of risk is safe.
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Increase your bets when you are confident and scale down your positions when you don’t have conviction.
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Well, you know, I was a human being before I became a businessman.
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Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
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The 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.
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Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge.
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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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The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.
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Misconceptions play a prominent role in my view of the world.
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I’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
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My sense of insecurity keeps me alert, always ready to correct my errors.
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I’m only rich because I know when I’m wrong.
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The world order needs a major overhaul.
GEORGE SOROS