The Great Investors: George Soros

The Great Investors:George Soros

Rule N1

Prices on the stock market are often biased

“Market prices are always wrong in the sense that they present a biased view of the future”

George Soros claims that investors define the course of events on the market with their actions. As the human perception is biased, prices on the market often do not reflect the real state of affairs in the companies.

Rule N2

Investor should be able to adapt to the market situation

“My peculiarity is that | don't have a particular style of investing of, more precisely, I try to change my style to match the conditions”. According to Soros, there are no universal rules for trading on the market. Investors should learn to adapt to changes instead of sticking to some particular strategy.

Rule N3

The main thing in trading is a result

“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”. Soros made a fortune on speculations and, naturally, not all his deals were successful. While trading on the market, it is important to be able to admit fails, control losses and draw conclusions.