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.
GEORGE SOROSIt’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.
More George Soros Quotes
-
-
I chose America as my home because I value freedom and democracy, civil liberties and an open society.
GEORGE SOROS -
Studying economics is not a good preparation for dealing with it.
GEORGE SOROS -
The sovereignty of states must be subordinated to international law and international institutions.
GEORGE SOROS -
Revolutions usually start with enthusiasm and end in tears.
GEORGE SOROS -
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.
GEORGE SOROS -
The worse a situation becomes the less it takes to turn it around, the bigger the upside.
GEORGE SOROS -
The world order needs a major overhaul.
GEORGE SOROS -
There is no point in being confident and having a small position.
GEORGE SOROS -
Find the trend whose premise is false, and bet against it.
GEORGE SOROS -
Markets can influence the events that they anticipate.
GEORGE SOROS -
My conceptual framework, which basically emphasizes the importance of misconceptions, makes me extremely critical of my own decisions. I know that I am bound to be wrong, and therefore am more likely to correct my own mistakes.
GEORGE SOROS -
The scope for improvement is infinite, precisely because perfection is unattainable.
GEORGE SOROS -
Discount the obvious, bet on the unexpected.
GEORGE SOROS -
If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.
GEORGE SOROS -
Political debate is more interested in manipulating the truth, than finding the truth.
GEORGE SOROS -
Misconceptions play a prominent role in my view of the world.
GEORGE SOROS -
When 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.
GEORGE SOROS -
The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
GEORGE SOROS -
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.
GEORGE SOROS -
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.
GEORGE SOROS -
America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
GEORGE SOROS -
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.
GEORGE SOROS -
Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.
GEORGE SOROS -
Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
GEORGE SOROS -
Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
GEORGE SOROS -
American supremacy is the greatest threat to the world today.
GEORGE SOROS