Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
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 SOROSDiscount the obvious, bet on the unexpected.
GEORGE SOROSTo others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
GEORGE SOROSI fancied myself as some kind of god or an economic reformer like Keynes.
GEORGE SOROSLaw has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
GEORGE SOROSIf 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.
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 SOROSStudying economics is not a good preparation for dealing with it.
GEORGE SOROSMarket prices are always wrong in the sense that they present a biased view of the future.
GEORGE SOROSIt’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 SOROSInvestors 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.
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 SOROSUnfortunately, the more complex the system, the greater the room for error.
GEORGE SOROSMy main concern is with the world order.
GEORGE SOROSIn politics, manipulating reality can take presidence over finding reality.
GEORGE SOROSThe trouble with institutional investors is that their performance is usually measured relative to their peer group and not by an absolute yardstick. This makes them trend followers by definition.
GEORGE SOROS