A Quote by George Soros

Discount the obvious, bet on the unexpected — © George Soros
Discount the obvious, bet on the unexpected
It is a simple matter to see the obvious, to do the expected. The tendency of the individual life is to be static rather than dynamic, and this tendency is made into a propulsion by civilization, where the obvious only is seen, and the unexpected rarely happens. When the unexpected does happen, however, and when it is of sufficiently grave import, the unfit perish. They do not see what is not obvious, are unable to do the unexpected, are incapable of adjusting their well-grooved lives to other and strange grooves. In short, when they come to the end of their own groove, they die.
To me, it's obvious that the winner has to bet very selectively. It's been obvious to me since very early in life. I don't know why it's not obvious to very many other people.
I don't discount belief. I just discount most of the things that people believe in.
The unexpected connection is more powerful than one that is obvious.
Bet you never eat, he says. Bet you drink up the oxygen like it's butter. Bet you can go for days on nothing but thoughts.
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.
I worked at a Sport Chek in Vancouver, only so I could get the discount off snowboard gear. But I hated the job so much, I quit before I got my discount.
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
Disruption is in my genes. My father owned one of the first discount toy stores, Duane's Toyland, in Albany and Schenectady, near where I grew up. Discount was always a huge disruptor - it disrupted Sears Roebuck.
If you bet on a horse, that's gambling. If you bet you can make three spades, that's entertainment. If you bet cotton will go up three points, that's business. See the difference?
A bet is a bet and I always keep my word in the bet what I do.
I bet on everything. Everything. It's just like, 'I bet you I can spin my chair longer.' Everything, I say 'I bet you.' I love to win.
Anytime you make a bet with the best of it, where the odds are in your favor, you have earned something on that bet, whether you actually win or lose the bet. By the same token when you make a bet with the worst of it, where the odds are not in your favor, you have lost something, whether you actually win or lose the bet.
I deal with the obvious. I present, reiterate, and glorify the obvious - because the obvious is what people need to be told.
Success is the study of the obvious. Everyone should take Obvious 1 and Obvious 2 in school.
There is nothing wrong with a big bet, if a big bet is a good bet.
This site uses cookies to ensure you get the best experience. More info...
Got it!