My approach works not by making valid predictions but by allowing me to correct false ones. 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-statesorderworld 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 savingimportantbusiness 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 failureunderstandingmistake I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity. George Soros mistakeopportunitymoving The main enemy of the open society, I believe, is no longer the communist but the capitalist threat. George Soros laissez-faire-capitalismbelieveenemy Discount the obvious, bet on the unexpected George Soros discountsobviousunexpected The sovereignty of states must be subordinated to international law and international institutions. George Soros institutionsstateslaw There is no point in being confident and having a small position. George Soros no-pointbe-confidentposition Find the trend whose premise is false, and bet against it. George Soros premisesinvestingtrends If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring. George Soros investing-moneyboringfun Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. George Soros investmenttestsdecision To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride. George Soros shamepridemistake 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-carecarelaw To be successful, you need leisure. You need time hanging heavily on your hands. George Soros successfulhandsneeds I'm only rich because I know when I'm wrong...I basically have survived by recognizing my mistakes. George Soros wealthmoneymistake 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 differencesmoneyideas 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-historytrendslying 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 styleusetrying 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-betterlongneeds The worse a situation becomes the less it takes to turn it around, the bigger the upside. George Soros turnssituationbigger
