6 Best George Soros Quotes on Successful Investing

George Soros is a Hungarian-American billionaire investor and philanthropist who is known as “The Man Who Broke the Bank of England”. He is among the top successful investors in the world with having a Net worth of $8.3 billion (as on May 2020). Soros early studies of philosophy formulated an application of Karl Popper’s General Theory of Reflexivity to Capital markets. He renders a clear picture of asset bubbles and fundamental value of the securities as well as discrepancies used for wapping stocks.

Geroge Soros books on trading have attracted many investors, which ample of guidelines on investment. Also, his quotes are world-famous. Here you will find some of the most followed quotes of Geroge Soros that will help you in trading and investment well.

Top George Soros Quotes on Investing

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

Geroge Soros says that when you are wrong in trade, you are preparing yourself for longer trades in the Market. It is common among the successful traders that knowing you are wrong and it - is one of the primary steps for successful trading.

So, ensure you understand your mistake and learn from it. The number of errors you make, it will only sharpen your skills for long-term trading.

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

Geroge Soros suggests that if you can figure out what other traders are thinking, then you can determine the market actions. By knowing this you can easily be able to trade in the market and make returns by betting against what the traders do not expect to happen.

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.

Soros explains that instead of jumping into trends, catch up with new trends before they form. This style of trading is difficult, but to bloom in the market one should opt for the trend before it comes into demand.

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.

This quote gives a strong message to create different scenarios on investment. By coming up with alternate scenarios, you can save yourself from getting locked in one idea where the market can disappoint you. By creating different scenarios - you can able to shift to your alternate view of the market condition, which may save you from any loss.

The only thing that could hurt me is if my success encouraged me to return to my childhood fantasies of omnipotence — but that is not likely to happen as long as I remain engaged in the financial markets, because they constantly remind me of my limitations.

Omnipotence is where you feel you are better than everyone and nothing can stand in your way. George Soros says, if you are with this belief, then the success in the market would suffer. He believes that none of the traders are perfect. As long as you engaged in the market, you will encounter that you are stuck in your limitations.

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.

This Investing tip highlights that- the number of trades you win or lose is immaterial. You should really focus on how much money you make on the successful trades compared to how much money you lose on unsuccessful trades. The qualitative research is must when you buy or sell a particular stock in the market.