I’m only rich because I know when I’m wrong.
GEORGE SOROSMy main concern is with the world order.
More George Soros Quotes
-
-
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.
GEORGE SOROS -
I am not well qualified to criticize the theory of rational expectations and the efficient market hypothesis because as a market participant I considered them so unrealistic that I never bothered to study them.
GEORGE SOROS -
There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.
GEORGE SOROS -
Well, you know, I was a human being before I became a businessman.
GEORGE SOROS -
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.
GEORGE SOROS -
My conceptual framework, which basically emphasizes the importance of misconceptions, makes me extremely critical of my own decisions. I know that I am bound to be wrong, and therefore am more likely to correct my own mistakes.
GEORGE SOROS -
My sense of insecurity keeps me alert, always ready to correct my errors.
GEORGE SOROS -
The hardest thing to judge is what level of risk is safe.
GEORGE SOROS -
The scope for improvement is infinite, precisely because perfection is unattainable.
GEORGE SOROS -
Market prices are always wrong.
GEORGE SOROS -
America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
GEORGE SOROS -
The main obstacle to a stable and just world order is the United States. [This idea] happens to coincide with the prevailing opinion in the world. And I think that’s rather shocking for Americans to hear.
GEORGE SOROS -
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 -
Markets can influence the events that they anticipate.
GEORGE SOROS -
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.
GEORGE SOROS -
The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
GEORGE SOROS -
Increase your bets when you are confident and scale down your positions when you don’t have conviction.
GEORGE SOROS -
Discount the obvious, bet on the unexpected.
GEORGE SOROS -
In politics, manipulating reality can take presidence over finding reality.
GEORGE SOROS -
I fancied myself as some kind of god or an economic reformer like Keynes.
GEORGE SOROS -
The sovereignty of states must be subordinated to international law and international institutions.
GEORGE SOROS -
Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
GEORGE SOROS -
To my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states.
GEORGE SOROS -
There is always a divergence between our perception and what actually exists.
GEORGE SOROS -
The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
GEORGE SOROS -
Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
GEORGE SOROS