Best investment Quote by George Soros
“It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong”
About This Quote
Source Interview: Financial Times, 2015
Success is measured by profit and loss, not by being correct.
In simple terms: Money matters more than correctness.
Key Takeaway
Focus on risk management.
Themes
finance
risk
profit
loss
decisionmaking
Mood
analytical
pragmatic
Type
advice
financial
When to use this quote
- trading
- investment
- business negotiations
- entrepreneurship
- hedging
Key Concepts
risk-reward
probability
behavioral economics
Questions to Reflect On
- How do you balance profit with ethics?
- What risk controls do you use?
A Different Perspective
It ignores ethical considerations of profit motives.
![“I’ve learned many things from him [George Soros], but perhaps the most significant is that it’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” quote by Stanley Druckenmiller](https://sms4smile.com/quotes/img-quotes/694/stanley-druckenmiller-14929_best-investment_i-ve-learned-many-things-from-him-george_2129511.jpg)
![“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)
