Be confident Quote by George Soros
“There is no point in being confident and having a small position.”
About This Quote
Source Speech: Open Society Foundations, 2010
Confidence without a solid base is meaningless.
In simple terms: Confidence needs a strong position.
Key Takeaway
Build a firm foundation before being confident.
Themes
confidence
position
risk
strategy
Mood
cautious
analytical
Type
strategic
pragmatic
When to use this quote
- investment decisions
- career planning
- political campaigning
- business negotiations
Key Concepts
foundation building
risk assessment
Questions to Reflect On
- How do you assess the strength of your position?
- When is confidence appropriate despite uncertainty?
A Different Perspective
Overconfidence can still be harmful.
![“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)
