To be successful, you need leisure. You need time hanging heavily on your hands.
GEORGE SOROSWell, you know, I was a human being before I became a businessman.
More George Soros Quotes
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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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The world order needs a major overhaul.
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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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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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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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Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
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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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I’m only rich because I know when I’m wrong.
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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.
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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.
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The trouble with institutional investors is that their performance is usually measured relative to their peer group and not by an absolute yardstick. This makes them trend followers by definition.
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The main obstacle to a stable and just world order is the United States.
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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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My approach works not by making valid predictions but by allowing me to correct false ones.
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If we carry this line of argument to its logical conclusion, the meaning of life consists of the flaws in one’s conceptions and what one does about them. Life can be seen as a fertile fallacy.
GEORGE SOROS