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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To be successful, you need leisure. You need time hanging heavily on your hands.
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The global crisis is caused by pathologies inherent in the global financial system itself.
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The world order needs a major overhaul.
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Once a trend is established it tends to persist and to run it’s full course.
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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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Find the trend whose premise is false, and bet against it.
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The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
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When money is free, the rational lender will keep on lending until there is no one else to lend to.
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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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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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I rely a great deal on animal instincts.
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The worse a situation becomes the less it takes to turn it around, the bigger the upside.
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I fancied myself as some kind of god or an economic reformer like Keynes.
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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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Well, you know, I was a human being before I became a businessman.
GEORGE SOROS