The scope for improvement is infinite, precisely because perfection is unattainable.
GEORGE SOROSMy main concern is with the world order.
More George Soros Quotes
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I’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
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If we carry this line of argument to its logical conclusion, the meaning of life consists of the flaws in one’s conceptions and what one does about them. Life can be seen as a fertile fallacy.
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In politics, manipulating reality can take presidence over finding reality.
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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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It is sort of a disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.
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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’m only rich because I know when I’m wrong.
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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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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 approach works not by making valid predictions but by allowing me to correct false ones.
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Studying economics is not a good preparation for dealing with it.
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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.
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The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.
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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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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.
GEORGE SOROS