The scope for improvement is infinite, precisely because perfection is unattainable.
GEORGE SOROSThe sovereignty of states must be subordinated to international law and international institutions.
More George Soros Quotes
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The world order needs a major overhaul.
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Discount the obvious, bet on the unexpected.
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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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In politics, manipulating reality can take presidence over finding reality.
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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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Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.
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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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Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
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I’m only rich because I know when I’m wrong.
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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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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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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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When money is free, the rational lender will keep on lending until there is no one else to lend to.
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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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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
GEORGE SOROS