Misconceptions play a prominent role in my view of the world.
GEORGE SOROSUnfortunately, the more complex the system, the greater the room for error.
More George Soros Quotes
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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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When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.
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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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Find the trend whose premise is false, and bet against it.
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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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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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In politics, manipulating reality can take presidence over finding reality.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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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 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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I’m only rich because I know when I’m wrong.
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Studying economics is not a good preparation for dealing with it.
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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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As 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.
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It is sort of a disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.
GEORGE SOROS