There is no point in being confident and having a small position.
GEORGE SOROSMy sense of insecurity keeps me alert, always ready to correct my errors.
More George Soros Quotes
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My sense of insecurity keeps me alert, always ready to correct my errors.
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In politics, manipulating reality can take presidence over finding reality.
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Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.
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Every bubble consists of a trend that can be observed in the real world and a misconception relating to that trend. The two elements interact with each other in a reflexive manner.
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The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
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The main obstacle to a stable and just world order is the United States.
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If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.
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Market prices are always wrong.
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The hardest thing to judge is what level of risk is safe.
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To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
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I rely a great deal on animal instincts.
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Studying economics is not a good preparation for dealing with it.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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The worse a situation becomes the less it takes to turn it around, the bigger the upside.
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Unfortunately, the more complex the system, the greater the room for error.
GEORGE SOROS