To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
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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No 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.
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My main concern is with the world order.
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Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
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I rely a great deal on animal instincts.
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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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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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The scope for improvement is infinite, precisely because perfection is unattainable.
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There is always a divergence between our perception and what actually exists.
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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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Revolutions usually start with enthusiasm and end in tears.
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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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My sense of insecurity keeps me alert, always ready to correct my errors.
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I fancied myself as some kind of god or an economic reformer like Keynes.
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Misconceptions play a prominent role in my view of the world.
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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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