12 Best George Soros Quotes on Investing
Investopaper
George Soros, founder of Soros Fund Management LLC, is a billionaire trader with an estimated net-worth of $8.30 billion. He is popularly known as ‘The man who broke the Bank of England” after he earned a profit of more than $1 billion in a day by shorting the British Pound during the 1992 Black Wednesday UK currency crisis.
He is currently the 56th richest person in the world, as per the Forbes List. His Quantum fund generated 33 percent return annually for more than 30 years.
Here are some of the best quotes by the legendary George Soros regarding trading in the market.
Best George Soros Quotes on Investing
1. “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.”
2. “It’s not whether you’re right or wrong, but how much money you make when you’re right and how much you lose when you’re wrong.”
3. “Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.”
4. “If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”
5. “Every bubble consists of a trend that can be observed in the real world and a misconception relating to that trend. The two elements interact with each other in a reflexive manner.”
6. “Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.”
7. “It is an old joke that the stock market has predicted seven of the last two recessions. Markets are often wrong.”
8. “The worse a situation becomes the less it takes to turn it around, the bigger the upside.”
9. “The hardest thing to judge is what level of risk is safe.”
10. “Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.”
11. “I’m only rich because I know when I’m wrong.”
12. “The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.”
