Increase your bets when you are confident and scale down your positions when you don’t have conviction.
GEORGE SOROSI chose America as my home because I value freedom and democracy, civil liberties and an open society.
More George Soros Quotes
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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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The main obstacle to a stable and just world order is the United States.
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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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I rely a great deal on animal instincts.
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I don’t panic. The same thing applies to me as to everybody else, so I’m given to euphoria and despair. And I would say that I basically have survived by recognizing my mistakes.
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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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When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.
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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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Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
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What works for Germany can’t work for the rest of Europe: No country can run a chronic surplus without others running deficits.
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Market prices are always wrong in the sense that they present a biased view of the future.
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If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.
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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 hardest thing to judge is what level of risk is safe.
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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 SOROS