George Soros: Winnings vs. Losses

Posted by admin on Thursday, April 25, 2013

George Soros Money Quotation saying the ratio of wins to losses and the aggregate total matters more than the number of times you are correct or incorrect. George Soros said:
 
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 Quote
 

“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” — George Soros

 

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This quote from George Soros emphasizes the importance of managing risk when making financial investments or bets on market movements. Mr. Soros is suggesting that what truly matters is not whether your analysis or prediction turns out to be perfectly correct, but rather whether you make a profit overall by considering both the potential gains from being right and the potential losses from being wrong.

You can still come out ahead in your investments even if you are not always right, as long as you are right enough of the time and keep potential downside losses small when your analysis proves inaccurate. It encourages focusing more on the financial outcomes of your decisions rather than an ideal of always needing to be factually right.

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