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.
GEORGE SOROSStart by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.
More George Soros Quotes
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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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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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The main obstacle to a stable and just world order is the United States.
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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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If we carry this line of argument to its logical conclusion, the meaning of life consists of the flaws in one’s conceptions and what one does about them. Life can be seen as a fertile fallacy.
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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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There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.
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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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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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I chose America as my home because I value freedom and democracy, civil liberties and an open society.
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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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Markets can influence the events that they anticipate.
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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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The global crisis is caused by pathologies inherent in the global financial system itself.
GEORGE SOROS






