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.
GEORGE SOROSI 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.
GEORGE SOROSI 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.
GEORGE SOROSEvery bubble has two components: something – some real trend, and a misconception about that trend.
GEORGE SOROSThe scope for improvement is infinite, precisely because perfection is unattainable.
GEORGE SOROSMost of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on.
GEORGE SOROSThe main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
GEORGE SOROSMy approach works not by making valid predictions but by allowing me to correct false ones.
GEORGE SOROSTo be successful, you need leisure. You need time hanging heavily on your hands.
GEORGE SOROSShort term volatility is greatest at turning points and diminishes as a trend becomes established.
GEORGE SOROSUnfortunately, the more complex the system, the greater the room for error.
GEORGE SOROSI’m only rich because I know when I’m wrong.
GEORGE SOROSWhen money is free, the rational lender will keep on lending until there is no one else to lend to.
GEORGE SOROSThe financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.
GEORGE SOROSThe sovereignty of states must be subordinated to international law and international institutions.
GEORGE SOROSIf investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.
GEORGE SOROSIf 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.
GEORGE SOROS