Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity. George Soros More Quotes by George Soros More Quotes From George Soros The main obstacle to a stable and just world order is the United States. George Soros united-states order world 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 George Soros saving important business Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes. George Soros failure understanding mistake I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity. George Soros mistake opportunity moving The main enemy of the open society, I believe, is no longer the communist but the capitalist threat. George Soros laissez-faire-capitalism believe enemy Discount the obvious, bet on the unexpected George Soros discounts obvious unexpected The sovereignty of states must be subordinated to international law and international institutions. George Soros institutions states law There is no point in being confident and having a small position. George Soros no-point be-confident position Find the trend whose premise is false, and bet against it. George Soros premises investing trends If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring. George Soros investing-money boring fun Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. George Soros investment tests decision To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride. George Soros shame pride mistake Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society. George Soros health-care care law To be successful, you need leisure. You need time hanging heavily on your hands. George Soros successful hands needs I'm only rich because I know when I'm wrong...I basically have survived by recognizing my mistakes. George Soros wealth money mistake 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. George Soros differences money ideas Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited. George Soros economic-history trends lying 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. George Soros style use trying 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 Soros something-better long needs The worse a situation becomes the less it takes to turn it around, the bigger the upside. George Soros turns situation bigger
