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
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