The most significant lesson (George) Soros taught him, (Stanley) Druckenmiller suggested, was “that 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. The few times that Soros has ever criticized me were when I was really right on a market and didn’t maximize the opportunity.”Source:Soros: The Life, Ideas, and Impact of the World's Most Influential Investor http://www.amazon.com/gp/product/0071608443?ie=UTF8&tag=a0b8a8-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0071608443
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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. ~ George SorosSource:
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He (George Soros) would try to go to the jugular, and say, "Do you still believe what you told me yesterday?" ~ James MarquezSource:Soros: The Life, Ideas, and Impact of the World\'s Most Influential Investor http://www.amazon.com/gp/product/0071608443?ie=UTF8&tag=a0b8a8-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0071608443
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All he (George Soros) asked of you is that you believe what you’re telling him, that you constantly examine and cross-examine. ~ James MarquezSource:Soros: The Life, Ideas, and Impact of the World� http://www.amazon.com/gp/product/0071608443?ie=UTF8&tag=a0b8a8-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0071608443
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What if you recorded a sporting event and someone told you the final score? Would you still watch it? Probably not because it’s the uncertainty of the outcome that keeps your attention.
Source:Super Trader http://www.amazon.com/gp/product/0071608443?ie=UTF8&tag=a0b8a8-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0071608443
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To survive in the financial markets sometimes meant beating a hasty retreat.Source:Soros - The World's Most Influential Investor
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My function in the financial markets is a critic, and my critical judgments are expressed by my decisions to buy and sell. ~ George SorosSource:Soros - The World's Most Influential Investor
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(H)is (George Soros's) credo was: Discern the chaos, and you could become rich.Source:Soros - The World's Most Influential Investor
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I read a book, what is it, almost 60 years ago roughly, called The Intelligent Investor and I really learned all I needed to know about investing from that book, and particular chapters 8 and 20 … I haven't changed anything since.
source: Everything Buffett Needs to Know, He Learned Right Here
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Source:Buffett: My fix for the economy http://money.cnn.com/2008/10/02/news/newsmakers/buffett.fortune/index.htm
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