Quote

The trouble with institutional investors is that their performance is usually measured relative to their peer group and not by an absolute yardstick. This makes them trend followers by definition.

George Soros

Change background

T
T
T

Change font

TAGS & TOPICS

George Soros
Age: 94
Born: 1930
Born: August 12
Banker
Business Magnate
Businessman
Economist
Financier
Investor
Philanthropist
Philosopher
Trader
Writer
Buda Pest
György Schwartz
György Soros
Usually
Definition
Peer
Groups
Definitions
Trend
Trouble
Investing
Measured
Makes
Performance
Peers
Absolutes
Trends
Absolute
Investors
Yardstick
Performances
Followers
Yardsticks
Group
Relative
Institutional

More quotes by George Soros

Image
Well, you know, I was a human being before I became a businessman.
George Soros
Image
We must recognize that as the dominant power in the world we have a special responsibility. In addition to protecting our national interests, we must take the leadership in protecting the common interests of humanity.
George Soros
Image
The more comprehensive and convincing a debt reduction program is, the less likely it is to fail. And remember, just as Germany is grateful to America for the Marshall Plan, Italy would be grateful to Germany for helping it lower its refinancing costs.
George Soros
Image
The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
George Soros
Image
There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.
George Soros
Image
Studying economics is not a good preparation for dealing with it.
George Soros
Image
The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
George Soros
Image
I am not a Zionist, nor am I am a practicing Jew, but I have a great deal of sympathy for my fellow Jews and a deep concern for the survival of Israel.
George Soros
Image
I think that my foundation uses the money better than the government does. In any event, I do pay taxes.
George Soros
Image
In politics, manipulating reality can take presidence over finding reality.
George Soros
Image
These public-private partnerships are very, very dangerous. The most rotten part of the financial system in the US consisted of the government sponsored entities, Fannie Mae and Freddie Mac. They really kicked off this crisis. The state should set the rules and enforce them - but not become involved as a market player.
George Soros
Image
Market prices are always wrong.
George Soros
Image
When money is free, the rational lender will keep on lending until there is no one else to lend to.
George Soros
Image
I fancied myself as some kind of god or an economic reformer like Keynes
George Soros
Image
Political debate is more interested in manipulating the truth, than finding the truth.
George Soros
Image
Who most benefits from keeping marijuana illegal? The greatest beneficiaries are the major criminal organizations in Mexico and elsewhere that earn billions of dollars annually from this illicit trade - and who would rapidly lose their competitive advantage if marijuana were a legal commodity.
George Soros
Image
The hardest thing to judge is what level of risk is safe.
George Soros
Image
My conceptual framework, which basically emphasizes the importance of misconceptions, makes me extremely critical of my own decisions. I know that I am bound to be wrong, and therefore am more likely to correct my own mistakes.
George Soros
Image
China could easily emerge as the great winner if the Chinese leaders handle the situation well. On the other hand, they could also turn out to be the biggest losers if they handle it poorly. If the management turns out be wrong, this could lead to a political crisis in China.
George Soros
Image
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
George Soros