Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
GEORGE SOROSPolitical debate is more interested in manipulating the truth, than finding the truth.
More George Soros Quotes
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There is no point in being confident and having a small position.
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Studying economics is not a good preparation for dealing with it.
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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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Every bubble has two components: something – some real trend, and a misconception about that trend.
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My main concern is with the world order.
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The world order needs a major overhaul.
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Find the trend whose premise is false, and bet against it.
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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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Political debate is more interested in manipulating the truth, than finding the truth.
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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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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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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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To be successful, you need leisure. You need time hanging heavily on your hands.
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I’m only rich because I know when I’m wrong.
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The hardest thing to judge is what level of risk is safe.
GEORGE SOROS