
“Men can only be happy when they do not assume that the object of life is happiness.”
Attributed as a statement to his Bible class (1 April 1905) in "The Loneliness of John D. Rockefeller", Current Literature (November 1906) vol. 41 no. 5,
“Men can only be happy when they do not assume that the object of life is happiness.”
“Better to assume the worst and be wrong than assume the best and be wrong.”
Source: Obsidian Butterfly
Soros on Soros (1995)
Context: The prevailing wisdom is that markets are always right. I take the opposition position. I assume that markets are always wrong. Even if my assumption is occasionally wrong, I use it as a working hypothesis. It does not follow that one should always go against the prevailing trend. On the contrary, most of the time the trend prevails; only occasionally are the errors corrected. It is only on those occasions that one should go against the trend. This line of reasoning leads me to look for the flaw in every investment thesis.... I am ahead of the curve. I watch out for telltale signs that a trend may be exhausted. Then I disengage from the herd and look for a different investment thesis. Or, if I think the trend has been carried to excess, I may probe going against it. Most of the time we are punished if we go against the trend. Only at an inflection point are we rewarded.
"The Terrible People"
Many Long Years Ago (1945)
Context: Perhaps indeed the possession of wealth is constantly distressing,
But I should be quite willing to assume every curse of wealth if I could at the same time assume every blessing.
The only incurable troubles of the rich are the troubles that money can't cure,
Which is a kind of trouble that is even more troublesome if you are poor.
Certainly there are lots of things in life that money won't buy, but it's very funny —
Have you ever tried to buy them without money?
Source: Money And Class In America (1989), Chapter 8, Holy Dread, p. 197-198
Source: The Other Side Of The Coin (2008), Chapter 9, Square Versus Oblong, p. 275
The Drunken Helmsman, p. 97
The Corrupt Society - From Ancient Greece To Present-Day America (1975)