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 performance of Reliance shows an amazing trend when mapped against time. The inflection point was 1991. We grew exponentially, eventually becoming India’s biggest private enterprise, on the basis of freedom to compete against the best in the world.”
Reimaging India: Unlocking the Potential of Asia’s Next Superpower
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Mukesh Ambani 48
Indian business magnate 1957Related quotes
p10, 3rd principle of the 12 Principles of EPIC
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Inagural Speech at the 25th National Convention of the Bharat Krishak Samaj, Hyderabad, 15 February 1988. Transcript at [Selected Speeches and Writings: 1 January 1988-31 December 1988, 1989, Publications Division, Ministry of Information and Broadcasting, Government of India, 180
Source: Quote, Memorable Quotes from Rajiv Gandhi and on Rajiv Gandhid in Memorable Quotes from Rajiv Gandhi and on Rajiv Gandhi, 2009, Concept Publishing Company, 978-81-8069-587-2, 25, https://books.google.com/books?id=L5bTCgLM1lYC&pg=PT25
Source: Start with Why: How Great Leaders Inspire Everyone to Take Action
Temporal projection - Given a set of actions that occur at different points in the future, what are the properties of resources and activities at arbitrary points in time?
Planning and scheduling - what sequence of activities must be completed to achieve some goal? At what times must these activities be initiated and terminated?
Execution monitoring and external events - What are the effects of the occurrence of external and unexpected events (such as machine breakdown or the unavailability of resources) on a plan or schedule?
Time-based competition - we want to design an enterprise that minimizes the cycle time for a product. This is essentially the task of finding a minimum duration plan that minimizes action occurrences and maximizes concurrency of activities.
Source: Methodology for the Design and Evaluation of Ontologies (1995), p. 3-4
“You shouldn't compete against others. You should compete against yourself.”
Zire Notes (May 2004 - December 2006)
Rex v. Beare (1698), 1 Raym. 418. For the antiquity of this notion, see Vinnius, 741, by the law of the twelve tables.
Discussion with Ela Bhatt, Founder, Self-Employed Women's Association (SEWA)