George Soros Quotes on Strategy
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Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
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My peculiarity is that I don't have a particular style of investing or, more exactly, I try to change my style to fit the conditions.
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President Bush inadvertently played right into the hands of bin Laden. The invasion of Afghanistan was justified: that was where bin Laden lived and al Qaeda had its training camps. The invasion of Iraq was not similarly justified. It was President Bush's unintended gift to bin Laden.
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We are the most powerful nation on earth. No external power, no terrorist organization, can defeat us. But we can defeat ourselves by getting caught in a quagmire.
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Bush's war in Iraq has done untold damage to the United States. It has impaired our military power and undermined the morale of our armed forces. Our troops were trained to project overwhelming power. They were not trained for occupation duties.
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Before the invasion of Iraq, we could project overwhelming power in any part of the world. We cannot do so any more because we are bogged down in Iraq. Iran and North Korea are moving ahead with their nuclear programs at full speed and our hand in dealing with them has been greatly weakened.
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The war on terror as defined by President Bush is a one-dimensional presentation of reality. We cannot fight terrorism by military means alone. We can use military force only when we have a known target; but it is the habit of terrorists to keep their whereabouts hidden. To track them down we need the support of the populations amongst whom they hide. Offense is not necessarily the best defense if it offends those whose allegiance we need.
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The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.
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The goal of competitors is to prevail, not to preserve competition in the markets.
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I've learned many things from him, but perhaps the most significant is that 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.