Bigs Quote by George Soros
“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.”
About This Quote
Economic history is driven by false narratives; spotting and exploiting these trends yields profit.
In simple terms: Spot false economic narratives to profit.
Key Takeaway
Identify and act on false trends.
Themes
finance
critical thinking
strategy
Mood
skeptical
analytical
Type
financial
strategic
When to use this quote
- investment
- risk management
- trend analysis
- policy evaluation
Key Concepts
market cycles
behavioral economics
Questions to Reflect On
- What indicators reveal a false market narrative?
- How can you balance profit with responsibility?
A Different Perspective
Relying on false premises can lead to ethical and financial risks.
![“I very often used to get backaches due to the fact that I was wrong. Whenever you are wrong you have to fight or [take] flight. When [I] make the decision, the backache goes away.” quote by George Soros](https://sms4smile.com/quotes/img-quotes/d1e/george-soros-1593_backache_i-very-often-used-to-get-backaches-due-t_38205.jpg)
![“We [at Soros Fund Management] use options and more exotic derivatives sparingly. We try to catch new trends early and in later stages we try to catch trend reversals. Therefore, we tend to stabilize rather than destabilize the market. We are not doing this as a public service. It is our style of…” quote by George Soros](https://sms4smile.com/quotes/img-quotes/f33/george-soros-1593_customer_we-at-soros-fund-management-use-options_113322.jpg)
![“The only regret I have in my career, is my managers wanted a big payday, and I wanted four or five more fights before going in with [Larry] Holmes. That would have made all the difference.” quote by Gerry Cooney](https://sms4smile.com/quotes/img-quotes/d63/gerry-cooney-20863_bigs_the-only-regret-i-have-in-my-career-is-m_1534.jpg)
