Market prices are always wrong.
GEORGE SOROSAn open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.
More George Soros Quotes
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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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Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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My main concern is with the world order.
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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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My sense of insecurity keeps me alert, always ready to correct my errors.
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When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
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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.
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Misconceptions play a prominent role in my view of the world.
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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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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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Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.
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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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My approach works not by making valid predictions but by allowing me to correct false ones.
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If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.
GEORGE SOROS






