To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
GEORGE SOROSTo others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
GEORGE SOROSStudying economics is not a good preparation for dealing with it.
GEORGE SOROSMy main concern is with the world order.
GEORGE SOROSThere is no point in being confident and having a small position.
GEORGE SOROSI chose America as my home because I value freedom and democracy, civil liberties and an open society.
GEORGE SOROSOnce we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
GEORGE SOROSThe sovereignty of states must be subordinated to international law and international institutions.
GEORGE SOROSThe hardest thing to judge is what level of risk is safe.
GEORGE SOROSShort term volatility is greatest at turning points and diminishes as a trend becomes established.
GEORGE SOROSTo be successful, you need leisure. You need time hanging heavily on your hands.
GEORGE SOROSMarkets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
GEORGE SOROSAs 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.
GEORGE SOROSStock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
GEORGE SOROSMaking an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
GEORGE SOROSNo individual anonymous participant can influence the prices and therefore you really can speculate in the market without paying attention to morality. That’s one of the positive features of markets. That’s why they function.
GEORGE SOROSMy 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.
GEORGE SOROS