George Soros Quotes: The Best From a Legendary Investor

Curious about George Soros’ best quotes? A Hungarian-born American businessman, a successful investor and a philanthropist, George Soros is one of the most well-known economic minds in the world. Born on the 12^th of August in 1930, Soros, who is now 82 years old, founded the iconic Soros Fund Management in 1969.

Born in Hungry, Soros immigrated to England in 1947. He attended London Business School with the help of his Uncle and completed his Bachelor’s of Science in 1952. Soros worked for F. M. Mayer as an arbitrage trader between 1956 and 1959, for Wertheim & Co as an analyst for next four years until 1963 and served with Arnhold & S. Bleichroeder before founding his own firm six years later.

In the autumn of 1988, Stanley Druckenmiller joined Soros Fund Management. As investors, Soros and Druckenmiller were the ideal fit; together they bet correctly on the collapse of the British pound in the early nineties, and Soros’ bet on the Thai baht at the time of the Asian Financial Crisis of 1997 was very well-timed. After giving close to $8 billion to charity, it’s estimated that Soros still holds a net worth of nearly $20 billion according to most estimates.

Let’s take a look at his top quotes:

10. “Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.”

9. “Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.”

8. “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.”

7. “The worse a situation becomes the less it takes to turn it around, the bigger the upside.”

6. “Playing by the rules, one does the best he can, irrespective of the social consequences. Whereas in making the rules, people ought to be concerned with the social consequences and not with their personal interests.”

5. “Once a trend is established it tends to persist and to run it’s full course.”

4. “When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.”

3. “I rely a great deal on animal instincts.”

2. “Economic history is a never-ending series of episodes based on falsehoods and lies, not truths.  It represents the path to big money.  The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited.”

1. “Well, you know, I was a human being before I became a businessman.”