Quote

When you sell options, you get paid for assuming risk. That can be a profitable business, but it does not mix well with the risks inherent in a leveraged portfolio.

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
Wells
Investing
Well
Sell
Leveraged
Assuming
Portfolio
Sells
Portfolios
Paid
Options
Risk
Profitable
Business
Risks
Doe
Inherent

More quotes by George Soros

Image
Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge.
George Soros
Image
When it comes to social consequences, they've got all different people acting in different ways, very difficult to even have a proper criterion of success. So, it's a difficult task.
George Soros
Image
The generally accepted theory is that financial markets tend towards equilibrium, and...discount the future correctly. I operate using a different theory, according to which financial markets cannot possibly discount the future correctly because the do not merely discount the future they help to shape it.
George Soros
Image
The world order needs a major overhaul.
George Soros
Image
Market prices are always wrong in the sense that they present a biased view of the future.
George Soros
Image
To be successful, you need leisure. You need time hanging heavily on your hands.
George Soros
Image
I'm only rich because I know when I'm wrong...I basically have survived by recognizing my mistakes.
George Soros
Image
The generally accepted view is that markets are always right -- that is, market prices tend to discount future developments accurately even when it is unclear what those developments are. I start with the opposite view. I believe the market prices are always wrong in the sense that they present a biased view of the future.
George Soros
Image
I contend that financial markets never reflect the underlying reality accurately they always distort it in some way or another and the distortions find expression in market prices. Those distortions can, occasionally, find ways to affect the fundamentals that market prices are supposed to reflect.
George Soros
Image
The scope for improvement is infinite, precisely because perfection is unattainable.
George Soros
Image
At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But it will also need additional revenues. Should the government not receive them, we will all get punished with higher interest rates.
George Soros
Image
I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs.
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
Globalization has rendered the world increasingly interdependent, but international politics is still based on the sovereignty of states.
George Soros
Image
The ultimate asset bubble is gold.
George Soros
Image
Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail.
George Soros
Image
I don't use my money to gain political influence for my private interests, which is what many rich people do, and what, in a sense, market fundamentalism does, because it is in the interests of people who have a lot of money to have as little taxes as possible.
George Soros
Image
If the bubbles contain a misconception, as they always do, then it can't be maintained forever.
George Soros
Image
The main obstacle to a stable and just world order is the United States. [This idea] happens to coincide with the prevailing opinion in the world. And I think that's rather shocking for Americans to hear.
George Soros
Image
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.
George Soros