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.
GEORGE SOROSShort term volatility is greatest at turning points and diminishes as a trend becomes established.
More George Soros Quotes
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Political debate is more interested in manipulating the truth, than finding the truth.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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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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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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My sense of insecurity keeps me alert, always ready to correct my errors.
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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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I am not well qualified to criticize the theory of rational expectations and the efficient market hypothesis because as a market participant I considered them so unrealistic that I never bothered to study them.
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It is credit that matters, not money (in other words, monetarism is a false ideology).
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To my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states.
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Well, you know, I was a human being before I became a businessman.
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Revolutions usually start with enthusiasm and end in tears.
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Once a trend is established it tends to persist and to run it’s full course.
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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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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.
GEORGE SOROS