The Best George Soros Quotes
George Soros is known worldwide for his activity in stock trading and also for his philanthropic work. He is also known as “The man who broke the bank of England” because in 1992 he made his first billion by betting on a smart investment move. All in all, George Soros is a legend and we all have much to learn from him. He is a true investment guru and applying even one tip from him can help you understand the world better and become more successful. For all who are looking to invest, get inspired by the best George Soros quotes and further build your investing career.
George Soros’s story is an inspiration and a great read – following his life as an immigrant and seeing how he succeeded through his own forces to get to where he is today can help us all believe there is nothing impossible if you set your mind to achieve it.
George Soros remains to this day a prominent figure in the world of business. Many despise him but he also has many fans who admire him for his work. He donates $500 million annually to organizations around the world and even if some say he does it to have indirect control over these charities and promote his agenda, we must admit he is a real role model who believes education and self-development are two of the most important things we all should benefit from. Let’s check out a few words of wisdom from him.
“Equilibrium itself has rarely been observed in real life — market prices have a notorious habit of fluctuating.”
This is a very famous quote by George Soros that appears in one of his early books, “The Alchemy of Finance: Reading the Mind of the Market” that was published in 1987. We can read in this quote the investor’s view of the stock market and of life in general. There is little equilibrium both in the investment world and outside of it. However, Soros thinks that equilibrium is very useful for the financial world as it allows investors to focus on the outcome more and not on the process, which leads to better investing.
“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.”
The quote appeared in the article “Great Money Minds” written by Chris Stallman in 2005 and it refers to the market’s instability and how an investor can take advantage of it. Rather than analyzing the obvious facts, a good investor who wants to make money should focus on the unexpected outcome and bet on it.
“If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”
The saying is quoted in the book “The winning investments habits of Warren Buffett & George Soros”, published in 2006 and written by Mark Tier. Soros thinks that the high some investors get when they bid on a new stock is not good in investing. The process should not be fun and exciting, but rather boring because you have to analyze facts, make predictions and work with data to see if an investment is worth it or not.
“The truth is, successful investing is a kind of alchemy.”
This is another great quote that appears in the 1987 book mentioned above. Basically, George Soros is saying that there is no magical recipe for perfect investments. He thinks that successful investing is influenced by a series of factors that constitute the alchemy of investing and that cannot always be controlled.
“My peculiarity is that I don’t have a particular style of investing or, more exactly, I try to change my style to fit the conditions.”
This famous quote appeared on the 1995 book of George Soros, “Soros on Soros”, and it is about his own investment style. He admits that he is always seeking new opportunities in investing and changes as they come. This is not an easy thing to do when investing and requires much critical thinking and calculating your next moves. However, it seems like it worked out for George Soros and, if you want to invest like him, you should follow his insights more and learn from one of the greatest minds in the financial world.
“Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes.”
This is another quote from the 1987 book from him. Here Soros explains how the human condition is imperfect and sometimes we make mistakes and will never have a perfect understanding of the world. However, the shame is not being human, but failing to act to correct the mistakes we have made. This is true in every aspect of life.
“The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong. Even if my assumption is occasionally wrong, I use it as a working hypothesis.”
The 1987 book “The Alchemy of Finance: Reading the Mind of the Market” offers great insights into George Soros as an investor, and this is one of them. This quote tells us more about the investment style and beliefs of the billionaire who doesn’t like to follow trends and rather go against them. He believes that we should never trust that markets are always right, but remain suspicious about it and play our cards right.
“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.”
This quote is taken from the book written by Mark Tier in 2006, “The Winning Investment Habits of Warren Buffett & George Soros”. From this short statement, we learn more about George Soros as a person and what he values. He is a man who cherishes ideas and thinks these can help us move further. He uses money as a tool to make his ideas known and help other people grow and develop as well.
So, these were a few words of wisdom from Soros and if you are looking to thrive with your investments, you should definitely give them a thought.