George Soros Quotes

“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.”

“I'm only rich because I know when I'm wrong… I basically have survived by recognizing my mistakes.”

“Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.”

“The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what's going to happen contradicts my way of looking at the markets.”

“If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.”

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

“The hardest thing to judge is what level of risk is safe.”

“Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money.”

“I was always detached—and that enabled me to study the game as a game. I was particularly focusing on changes in the rules of the game, not in playing by one particular set of rules but understanding when new rules came into being—and learning that before others did.”

“People in government used to sort of dismiss George—this crazy guy interested in Hungary. He's now become a player—but it's very recent, a new phenomenon. He's untrained, idiosyncratic—he gets in there and *does* it, and he has no patience with government. As I frequently say about George, he's the only man in the U.S. who has his own foreign policy—and can implement it.”

“Our inherently imperfect understanding helps shape the reality in which we live.”

“I harbored messianic illusions—what I describe as a sense of myself as superhuman—since childhood. It was a bit of a guilty secret until I became successful, because it was incongruous—this little schnook in New York!”

“I know I'm not what I'm cracked up to be. I'm not really as much of a philanthropist as the amount of money would suggest. It's only because I don't care about money that I give it away!”

“I think the reason I am so interested in revealing myself is that I am trying to find out who I am. It's a process of self-*creation*, not just self-revelation. I don't *know* who I am, and I am finding it out.”

“The excellence of his judgments about markets exceeds by a comfortable margin his judgments about people. He has never made money by discovering the company that became a great success but, rather, by discovering markets—which are not personal.”