Soros on Soros: Staying Ahead of the Curve

Because they don’t think about cycles, they don’t think about curves. They live on a kind of Flatland, except rather than being flat as in the sense of two-dimensional, it’s flat as in the sense of a curve with zero-derivative. But as Ray Dalio has noted, things may not stay flat in historical terms for long. As such, the blue and red statists may

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“It’s not whether you’re right or wrong that’s important,” George Soros once said, “but how much money you make when you’re right and how much you lose when you’re wrong.” You can be wrong half the time and still make a fortune.