Political debate is more interested in manipulating the truth, than finding the truth.
GEORGE SOROSI’m only rich because I know when I’m wrong.
More George Soros Quotes
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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 scope for improvement is infinite, precisely because perfection is unattainable.
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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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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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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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My sense of insecurity keeps me alert, always ready to correct my errors.
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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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When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.
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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. [This idea] happens to coincide with the prevailing opinion in the world. And I think that’s rather shocking for Americans to hear.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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Unfortunately, the more complex the system, the greater the room for error.
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The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
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My approach works not by making valid predictions but by allowing me to correct false ones.
GEORGE SOROS