George Soros Quotes
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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.
I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
There is no point in being confident and having a small position.
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
To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
The main obstacle to a stable and just world order is the United States.
Now that I have called you on your false accusation, you are using additional smear tactics.
Esperanto was a very useful language, because wherever you went, you found someone to speak with.
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
The sovereignty of states must be subordinated to international law and international institutions.
Unfortunately, the more complex the system, the greater the room for error.
The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you're doomed to do poorly.
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
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.
I'm only rich because I know when I'm wrong.
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.
My approach works not by making valid predictions but by allowing me to correct false ones.
To be successful, you need leisure. You need time hanging heavily on your hands.
My sense of insecurity keeps me alert, always ready to correct my errors.
The hardest thing to judge is what level of risk is safe.
We are the most powerful nation on earth. No external power, no terrorist organization can defeat us. But we can defeat ourselves by getting caught in a quagmire.
Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
Every bubble has two components: something - some real trend, and a misconception about that trend.
Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on.
Short term volatility is greatest at turning points and diminishes as a trend becomes established
Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values
Everything adds up to a major crisis. Humanity is faced with a global energy crisis ... The core of the crisis lies in the increasing shortage of oil.
Revolutions usually start with enthusiasm and end in tears.
I am for maximum supervision and minimum regulation.
The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
President George W. Bush is endangering the United States and the world's safety while undermining American values.
In politics, manipulating reality can take presidence over finding reality.
Increase your bets when you are confident and scale down your positions when you don't have conviction.
As an anonymous participant in financial markets, I never had to weigh the social consequences of my actions ... I felt justified in ignoring them on the grounds that I was playing by the rules.
Discount the obvious, bet on the unexpected
Find the trend whose premise is false, and bet against it.
America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
It is much easier to put existing resources to better use, than to develop resources where they do not exist.
When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
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.
I'm only rich because I know when I'm wrong...I basically have survived by recognizing my mistakes.
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.
Once a trend is established it tends to persist and to run it’s full course.
Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low volatility.
I admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction.
Market prices are always wrong in the sense that they present a biased view of the future.
I don't panic. The same thing applies to me as to everybody else, so I'm given to euphoria and despair. And I would say that I basically have survived by recognizing my mistakes.
The worse a situation becomes the less it takes to turn it around, the bigger the upside.
The scope for improvement is infinite, precisely because perfection is unattainable.