The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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.
More George Soros Quotes
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Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge.
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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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Political debate is more interested in manipulating the truth, than finding the truth.
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Studying economics is not a good preparation for dealing with it.
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The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don’t have much personal use for money.
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Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values.
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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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America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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My sense of insecurity keeps me alert, always ready to correct my errors.
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When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
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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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I’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
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There is no point in being confident and having a small position.
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Well, you know, I was a human being before I became a businessman.
GEORGE SOROS