If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.
GEORGE SOROSMy sense of insecurity keeps me alert, always ready to correct my errors.
More George Soros Quotes
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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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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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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 financial markets play an active role in determining what’s going to happen, how the economy is going to function.
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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 sovereignty of states must be subordinated to international law and international institutions.
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American supremacy is the greatest threat to the world today.
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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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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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Market prices are always wrong in the sense that they present a biased view of the future.
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The world order needs a major overhaul.
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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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My main concern is with the world order.
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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
GEORGE SOROS