Words of Wisdom

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

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 Soros

Source：

He (George Soros) would try to go to the jugular, and say, "Do you still believe what you told me yesterday?" ~ James Marquez

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

All he (George Soros) asked of you is that you believe what you’re telling him, that you constantly examine and cross-examine. ~ James Marquez

Source：Soros: The Life, Ideas, and Impact of the World&#0 http://www.amazon.com/gp/product/0071608443?ie=UTF8&tag=a0b8a8-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0071608443

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.

To survive in the financial markets sometimes meant beating a hasty retreat.

Source：Soros - The World's Most Influential Investor

My function in the financial markets is a critic, and my critical judgments are expressed by my decisions to buy and sell. ~ George Soros

Source：Soros - The World's Most Influential Investor

(H)is (George Soros's) credo was: Discern the chaos, and you could become rich.

Source：Soros - The World's Most Influential Investor

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：Buffett: My fix for the economy http://money.cnn.com/2008/10/02/news/newsmakers/buffett.fortune/index.htm
Winston's email：

出處：Warren Buffett

Deciding on an investment philosophy is kind of like picking a spouse. Do you want someone who is volatile and romantic and emotional, or do you want someone who is steady and trustworthy and down to earth. If you want a successful investment career, you'd better bind yourself to a style you can live with. - Ralph Wanger