I believe that market prices are always wrong in the sense that they present a biased view of the future. But distortion works in both directions: not only do market participants operate with a bias, but their bias can also influence the course of events.
About this quote
- Attributed to
- George Soros
- Attribution status
- As published
Photo: Ввласенко · CC BY-SA 3.0 · source · Portrait: Aris Oikonomou / European Commission (CC BY 4.0)
What would patience look like in your portfolio this month?
Review one recurring expense and decide to keep, cut or renegotiate it.
Join to journal, save & shareCreate a share imageWatch & listen
Best Advice: Warren Buffett and Charlie Munger | Fortune
Warren's Wisdom - Warren Buffett
Warren Buffett, Chairman, Berkshire Hathaway Investment Group | Terry Leadership Speaker Series
More from George Soros & related wisdom
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
Think for yourself to decide 1) what you want, 2) what is true, and 3) what you should do to achieve #1 in light of #2 ... and do that with humility and open-mindedness so that you can consider the best thinking available to you.
Can you really explain to a fish what it's like to walk on land? One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same kind of value.
The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor
