Well, you know, I was a human being before I became a businessman.
GEORGE SOROSWell, you know, I was a human being before I became a businessman.
More George Soros Quotes
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Once a trend is established it tends to persist and to run it’s full course.
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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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I fancied myself as some kind of god or an economic reformer like Keynes.
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Political debate is more interested in manipulating the truth, than finding the truth.
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The sovereignty of states must be subordinated to international law and international institutions.
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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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To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
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Every bubble has two components: something – some real trend, and a misconception about that trend.
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I’m only rich because I know when I’m wrong.
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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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Misconceptions play a prominent role in my view of the world.
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If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.
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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 scope for improvement is infinite, precisely because perfection is unattainable.
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If the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
GEORGE SOROS