It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.
GEORGE SOROSAmerican supremacy is the greatest threat to the world today.
More George Soros Quotes
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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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The hardest thing to judge is what level of risk is safe.
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Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
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Political debate is more interested in manipulating the truth, than finding the truth.
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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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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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The scope for improvement is infinite, precisely because perfection is unattainable.
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If the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
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The 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.
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Well, you know, I was a human being before I became a businessman.
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There is always a divergence between our perception and what actually exists.
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The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.
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Markets can influence the events that they anticipate.
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I’m only rich because I know when I’m wrong…I basically have survived by recognizing my 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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