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George Soros

George Soros Quotes

Business magnate

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Famous George Soros Quotes

“Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.”

HumansUnderstandingRealizingMistakeFailingConditionsFailureSelf ImprovementShameInvestingFinancialImperfectHuman ConditionMy MistakesBeing WrongPast MistakesFear Of FailingI've Made MistakesEverybody Makes MistakesHuman Imperfection
Book:Soros on Soros: Staying Ahead of the Curve
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“The generally accepted view is that markets are always right -- that is, market prices tend to discount future developments accurately even when it is unclear what those developments are. I start with the opposite view. I believe the market prices are always wrong in the sense that they present a biased view of the future.”

BelieveI BelieveViewsDevelopmentOppositesInvestingAcceptedBiasedDiscountsAlways WrongUnclearFuture Development
Book:The Alchemy of Finance: Reading the Mind of the Market
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“Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. The main difference is that the hypothesis that underlies an investment decision is intended to make money and not to establish a universally valid generalization.”

DifferencesDecisionTestsInvestmentInvestingPracticalsMaking MoneyHypothesisGeneralization
Book:The Alchemy of Finance: Reading the Mind of the Market
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“I contend that financial markets never reflect the underlying reality accurately; they always distort it in some way or another and the distortions find expression in market prices. Those distortions can, occasionally, find ways to affect the fundamentals that market prices are supposed to reflect.”

WayRealityExpressionFundamentalsInvestingFinancialDistortionFinancial Markets
Book:The Crash of 2008 and What it Means: The New Paradigm for Financial Markets
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“I would be lying, however, if I claimed that I could always formulate worthwhile hypotheses on the basis of my theoretical framework. Sometimes there were no reflexive processes to be found; sometimes I failed to find them; and, what was the most painful of all, sometimes I got them wrong. One way or another, I often invested without a worthwhile hypothesis and my activities were not very different from a random walk.”

IfsWayDifferentSometimesWould BeLyingFoundProcessWalksActivityBasesInvestingPainfulOne WayWorthwhileHypothesisFrameworkTheoretical
Book:The Alchemy of Finance: Reading the Mind of the Market
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“Money values do not simply mirror the state of affairs in the real world; valuation is a positive act that makes an impact on the course of events. Monetary and real phenomena are connected in a reflexive fashion; that is, they influence each other mutually. The reflexive relationship manifests itself most clearly in the use and abuse of credit.”

WorldRealStatesUseValuesCoursesInfluenceFashionEventsAbuseMirrorsImpactInvestingAffairConnectedCreditReal WorldMonetaryValuationUse And Abuse
Book:The Alchemy of Finance: Reading the Mind of the Market
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“The only thing that could hurt me is if my success encouraged me to return to my childhood fantasies of omnipotence - but that is not likely to happen as long as I remain engaged in the financial markets, because they constantly remind me of my limitations.”

IfsLongHappensHurtFantasyChildhoodReturnInvestingFinancialLimitationEngagedHurt MeOmnipotenceFinancial Markets
Book:The Alchemy of Finance: Reading the Mind of the Market
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“In the case of a meltdown, the regulatory authorities may find themselves obliged to step in to preserve the integrity of the system. It is in that light that the authorities have both a right and an obligation to supervise and regulate derivative instruments.”

MayLightStepsCasesIntegrityAuthorityInstrumentsInvestingObligationPreservesObligedDerivativesMeltdowns
Book:Soros on Soros: Staying Ahead of the Curve
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“We [at Soros Fund Management] use options and more exotic derivatives sparingly. We try to catch new trends early and in later stages we try to catch trend reversals. Therefore, we tend to stabilize rather than destabilize the market. We are not doing this as a public service. It is our style of making money.”

TryingUseStageStyleManagementInvestingMaking MoneyFundTrendsPublic ServiceExoticDerivativesReversal
Book:Soros on Soros: Staying Ahead of the Curve
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