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1.投资大师乔治索罗斯的投资名言汇总
1、市场总是错的。
2、重要的不是你的判断是错还是对，而是在你正确的时候要最大限度地发挥出你的力量来！
3、我生来一贫如洗。但决不能死时仍旧贫困潦倒。”——挂在办公室的墙壁上。
4、如果你经营状况欠佳，那么，第一步你要减少投入，但不要收回资金。当你重新投入的时候，一开始投入数量要小。
5、不知道未来会发生什么并不可怕，可怕的是不知道如果发生什么就该如何应对。
6、要想获得成功，必须要有充足的自由时间。
7、在股票市场上，寻求别人还没有意识到的突变。
8、股市通常是不可信赖的，因而，如果在华东街地区你跟曾别人赶时髦，那么，你的股票经营注定是十分惨淡的。
9、身在市场，你就得准备忍受痛苦。
10、如果你的投资运行良好，那么，跟着感觉走，并且把你所有的资产投入进去。
11、人们认为我不会出错，这完全是一种误解。我坦率他说，对任何事情，我和其他人犯同样多的错误。不过，我的超人之处在于我能认识自
己的错误。这便是成功的秘密。我的洞察力关键是在于，认识到了人类思想内在的错误。
12、我不愿意花很多时间和股票市场的人们在一起，我觉得他们讨厌，和知识分子在一起比和商人在一起感觉要舒服得多。
13、很多年我都拒绝把它(投资)作为我的职业。它是达到目的的手段。现在，我很乐意去接受——事实上，这就是我一辈子的事业。
14、我已经和公司打成一片。它以我为生，我也和它生活在一起，日夜形影不离……它是我的情人。我害怕失去它也担心做失败，并尽量避免失误。
这是一种悲惨的生活。
15、我完全投入这一工作，但这确实是非常痛苦的经历。一方面，无论什么时候我在市场中如果作出了错误决策，我得忍受非常巨大的精神折磨。
另一方面，我确实不愿意为了成功而把赚钱作为必需的手段。为了找出支配我进行金融决策的规则，我否认我已经成功。
16、我认为我不是一名商人，我投资别人经营的商业，因此我是一位名符其实的评论家，在某种程度上你们可称我是世界上薪水最高的评论家。
17、我必须改变人们对我的看法，因为我不想仅仅是一名富翁，我有东西要说，我想让政府听到我的声音。
18、这要区分两个方面。在金融运作方面，说不上有道德还是无道德，这只是一种操作。金融市场是不属于道德范畴的，在这里道德根本不存在，因
为它有自己的游戏规则。我是金融市场的参与者，我会按照自已定的规则来玩这个游戏，我不会违反这些规则，所以我不觉得内疚或需要负责任。对于亚
洲金融风暴，即使我不炒作，它照样会发生。我并不觉得炒外币、投机有什么不道德。另一方面，我很遵守运作规则。作为一个有道德和关心它们的人，
我希望确保这些规则是有利于建立一个良好社会的，所以我主张改变某些规则。即使改进和改良影响到我自己的利益，我也会支持它，因为需要改良的这
个规则也许正是事件发生的原因。
19、金融世界是动荡的、混乱的，无序可循，只有辨明事理，才能无往不利。如果把金融市场的一举一动当作是某个数学公式中的一部分来把握，
是不会奏效的。数学不能控制金融市场，而心理因素才是控制市场的关键。更确切地说，只有掌握住群众的本能才能控制市场，即必须了解群众将在何时、
以何种方式聚在某一种股票、货币或商品周围，投资者才有成功的可能。
20、炒作就像动物世界的森林法则，专门攻击弱者，这种做法往往能够百发百中。
21、我很高兴拥有这种身份，因为它可以使我能得到我想要的东西。作为一名市场运作者，我有理由回避这种身份，因为它是有害的；但我不再
是市场运作者了。我的声音在政治问题上也被听到了，正是这一点，我发现它很有用。
22、我的基金已变得如此庞大，以致于如果我不花些钱的话，它就没什么意义了。而且似乎挣钱比花钱还容易点，我看起来往挣钱方面而不是在
作出正确的用钱决定方面更具才华。
23、柏荣，你的问题就在于：你每天都去上班，并且你认为，既然我来上班了，就应该做点事情。我并不是每天去上班。我只有感觉到必要的时候
才去上班……并且这一天我真的要做一些事情。而你去上班并且每天都做一些事情，这样你就意识不到有什么特别的一天。
24、经济历史是由一幕幕的插曲构成他们都奠基于谬误与谎言，而不是真理，这是赚大钱的途径，我们仅需要辨别前提为错误的趋势，顺势操作，
并在他被拆穿以前提早脱身。
经济史是一部基于假相和谎言的连续剧，经济史的演绎从不基于真实的剧本，但它铺平了累积巨额财富的道路。做法就是认清其假相，投入其中，在假相被公众认识之
前退出游戏。
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. -- George Soros
Think about that statement for a minute.
For everyone who is in the so-called bear camp, and thinks the current
"recovery" belongs in quotation marks, this is an exceptionally meaningful
quote.
Of course, everyone who has been bearish
on the markets since 2009 has largely lost money, and been quite aggravated
in the process. Had trillions in stimulus and quantitative easing not been
injected into the economy (the big banks
for the latter), our economy would have simply restructured and our markets
would have bottomed at values far lower
than they did. Bearish market participants have been investing with the
philosophy that this will still happen.
Many bearish market participants have
recognized the dynamic that there are long-term structural deficit and various
economic issues, and that the economy is simply being goosed by trillions
in cash and dangerously low interest rates.
In other words, the bears scream that "the economy is unsustainable;" If
and when rates rise, servicing trillions in
debt is going to require even more debt issuance, leading to ever higher
rates and a crowding out of the private
sector. At this point, people draw different conclusions as to what happens
next.
Others note that the euro is going to
break apart, and it too is only being held together by programs like LTRO and
other central bank intervention.
Regardless, many have come to the
conclusion that our equity markets are fundamentally overvalued and do not
discount
the structural issues we face. The best argument I've heard for overvaluation is
that corporate profit margins
will contract rapidly when the U.S. government needs to start cutting its
budget; we may be approaching that day
with the creeping "fiscal cliff" at the end of the year.
With lower margins and lower aggregate
demand (less government spending), both sales and bottom lines will contract.
The earnings of companies in the S&P 500 (NYSEARCA:SPY)
will decline, and stock prices will follow them downwards.
With analysts currently expecting at
least $100 in earnings for 2012, and $113 in 2013, the market is definitely not
discounting any type of drop in aggregate demand or corporate profit
margins.
Utilizing
Mr. Soros' Advice
The important factor, however, is what
this means for traders and investors trying to make money. After all, making
money is a lot more important than being right, isn't it?
What we're seeing today isn't anything new
at all. While the Fed's intervention this time around may be unprecedented,
it's fair to say that FDR's government programs following the Great Depression
were unmatched as well. How about
interest rates of 1% following 9/11 to stimulate demand and get everyone
shopping again? It contributed to a housing
bubble, widened the wealth gap, and harmed our political system.
During those periods, the bears complained
about the same things: the unsustainability of low rates, government
intervention, and huge deficits.
However, markets boomed for most of the
1930s, set record highs right before the recession, and have doubled since
all these actions have started taking place. There have been three camps
of market participants during these times:
"Everything is great, the economy has
clearly restructured and the bears are just whining that they missed out."
"We're doomed. Markets are going to zero,
another Great Depression is near, and unconstitutional government
intervention has made things far worse."
"I don't care. I'm either going to keep
buying my dividend stocks, buy assets that do well when governments print
money, or go long the broader market until the government either gives up
or can't prop it up any longer."
The last of these three, of course, is
George Soros. Over the past several years, Soros has made money owning gold,
equities, bonds, and currencies. He knows Europe really is doomed. The EU
is going to have to at some point write
down trillions in private and public sector debt, and an actual, painful
restructuring will finally take place. He
knows gold's price moves in cycles, that it's not a compounding investment, and
that it will plummet once the macro
landscape shifts to a more positive one. He also knows that investors buy
gold at times like these.
Jim Rogers hates the US dollar. He is
certain that the U.S. government has spent its way into a hole so deep it'll
have to default either by printing or not paying its creditors. Jim Rogers also
knows that the market perceives
the dollar as a safe haven right now, so he owns millions in US dollar currency
futures for the time being. My bet
is that he'll sell long before the dollar loses its safe haven status.
Conclusion
One of the best things you can do as an
investor or trader is to have a sober, analytical, pragmatic view of the
economy. Always invert your thinking, and try to understand all possible
viewpoints. The obvious macroeconomic
dynamics are obvious because they're true. What's not so obvious is the
underpinnings of market perceptions. The
beauty of markets, though, is that you don't have to understand the reasons for
why investors buy certain assets
or equities to be profitable.
Jim Rogers can't understand why investors
have been flocking to the USD recently instead of gold. Instead of
whining about "the manipulated price of gold", however, he's been hedging his
positions in gold and buying the dollar
to take advantage of its rising value.
George Soros' quote sums up what the best
investors and traders know about macroeconomic and market dynamics: most of
it is noise, all that matters is the trends and a few indicators and analytical
skills to tell when the train is
slowing down.
Next time you think you've got the economy
figured out, ask yourself if your long-term viewpoint has matched up with
the market trend. If not, then you're not making money, and not taking advantage
of everything you know.
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