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.
GEORGE SOROSThere is always a divergence between our perception and what actually exists.
More George Soros Quotes
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The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don’t have much personal use for money.
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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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Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
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Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
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Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on.
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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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The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
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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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To be successful, you need leisure. You need time hanging heavily on your hands.
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The world order needs a major overhaul.
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I’m only rich because I know when I’m wrong.
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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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The main obstacle to a stable and just world order is the United States.
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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.
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The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
GEORGE SOROS