George Soros: Betting Unexpected
on Monday, January 10, 2022George Soros Money Quote saying the stock market is volatile and unpredictable and money is made on unexpected bets. George Soros said:
“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected” — George Soros
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In this quote, George Soros seems to be outlining his perspective on successful investing and market behavior. Specifically:
- Soros notes that financial markets are perpetually in a state of “uncertainty and flux”, meaning they are unpredictable and constantly changing.
- He suggests the way to make money is to “discount the obvious” – in other words, avoid basing investment decisions solely on what conventional wisdom or consensus views dictate as certainties.
- Soros implies profits come from “betting on the unexpected” – having the insight and courage to identify potential outcomes that contradict prevailing assumptions and position one’s capital accordingly.
The best interpretation is that Soros believed truly profitable investing requires recognizing that markets are unpredictable more often than predictable, and successfully forecasting surprises rather than just reacting to what most consider givens. From his perspective, money is made through independently assessing uncertainties rather than following what others deem obvious certainties according to his market philosophy.