George Soros: Betting Unexpected

George 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

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.

George Soros: Because I Know I’m Wrong

George Soros Money Quote saying errors in judgement, once recognized don’t need to stop you from becoming rich. George Soros said:
 

 

“I’m only rich because I know when I’m wrong. I basically have survived by recognizing my mistakes” — George Soros

In this quote, George Soros is attributing his great wealth and success as an investor to his ability to acknowledge when his views or decisions are mistaken. Soros suggests he has thrived financially by having the self-awareness and intellectual honesty to recognize his own errors.

Rather than stubbornly insisting he is always right, Soros implies he survives market setbacks by learning from past errors and changing course when evidence shows his analysis or bets are wrong. His perspective seems to be that wealth preservation and growth in the volatile world of finance requires flexibility, not arrogance, in one’s thinking.

By willingly admitting fallibility, Soros portrays himself as having survived and prospered long-term by avoiding the pitfalls of overconfidence and an unwillingness to re-evaluate positions proven incorrect by events.

George Soros: Winnings vs. Losses

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” — George Soros

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.