Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.
GEORGE SOROSI’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
More George Soros Quotes
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Markets can influence the events that they anticipate.
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The global crisis is caused by pathologies inherent in the global financial system itself.
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My approach works not by making valid predictions but by allowing me to correct false ones.
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Discount the obvious, bet on the unexpected.
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The sovereignty of states must be subordinated to international law and international institutions.
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Find the trend whose premise is false, and bet against it.
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An open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.
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My main concern is with the world order.
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Well, you know, I was a human being before I became a businessman.
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The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
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There is always a divergence between our perception and what actually exists.
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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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If we care about universal principles such as freedom, democracy and the rule of law, we cannot leave them to the care of market forces; we must establish some other institutions to safeguard them.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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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.
GEORGE SOROS