I don’t panic. The same thing applies to me as to everybody else, so I’m given to euphoria and despair. And I would say that I basically have survived by recognizing my mistakes.
GEORGE SOROSWhen a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
More George Soros Quotes
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The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
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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 financial markets play an active role in determining what’s going to happen, how the economy is going to function.
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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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Every bubble consists of a trend that can be observed in the real world and a misconception relating to that trend. The two elements interact with each other in a reflexive manner.
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The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
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There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.
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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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It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.
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Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.
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The main obstacle to a stable and just world order is the United States.
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An open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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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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Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
GEORGE SOROS