Find the trend whose premise is false, and bet against it.
GEORGE SOROSAs 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.
More George Soros Quotes
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The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
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The world order needs a major overhaul.
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Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
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No individual anonymous participant can influence the prices and therefore you really can speculate in the market without paying attention to morality. That’s one of the positive features of markets. That’s why they function.
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Market prices are always wrong.
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The main obstacle to a stable and just world order is the United States.
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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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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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If we care about universal principles such as freedom, democracy and the rule of law, we cannot leave them to the care of market forces; we must establish some other institutions to safeguard them.
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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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America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
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Discount the obvious, bet on the unexpected.
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Unfortunately, the more complex the system, the greater the room for error.
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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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There is always a divergence between our perception and what actually exists.
GEORGE SOROS