Increase your bets when you are confident and scale down your positions when you don’t have conviction.
GEORGE SOROSWell, you know, I was a human being before I became a businessman.
More George Soros Quotes
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Studying economics is not a good preparation for dealing with it.
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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…I basically have survived by recognizing my mistakes.
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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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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.
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The worse a situation becomes the less it takes to turn it around, the bigger the upside.
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There is always a divergence between our perception and what actually exists.
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Well, you know, I was a human being before I became a businessman.
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The sovereignty of states must be subordinated to international law and international institutions.
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Misconceptions play a prominent role in my view of the world.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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Market prices are always wrong.
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My approach works not by making valid predictions but by allowing me to correct false ones.
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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.
GEORGE SOROS