Saved by Juan Orbea and
Soros on Soros: Staying Ahead of the Curve
While Soros focuses on the principle of reflexivity in financial markets, it operates in many other domains of life. People worry about what other people will think before they say something—which affects what they say. In other words, our perception of reality changes reality by altering the way we might otherwise act. This leads to a self-fulfill
... See moreLuke Burgis • Wanting: The Power of Mimetic Desire in Everyday Life
When Mr. Soros was actively managing his fund, he would suffer from backaches, and said that he “used the onset of acute pain as a signal that there was something wrong in my portfolio.”
David Gelles • ‘Trust Your Gut’ Might Actually Be Profitable Advice on Wall Street, Study Says (Published 2016)
Mateo Balaña Paemen added
traders who follower their intuition and “are in tune with their heartbeat” make more money
Ergodicity: How irreversible outcomes affect long-term performance in work, investing, relationships, sport, and beyond (3rd edition)
amazon.com
A few quotes...
“Establishing and maintaining an unconventional investment profile requires acceptance of uncomfortably idiosyncratic portfolios which frequently appear downright imprudent in the eyes of conventional wisdom.”
“Memory – and the resulting prudence – always comes out the loser when pitted against greed.”
“Pro-cyclical behavio... See more
Moi Jamri added
Keely Adler and added
There are shades of Soros’s reflexivity here. The market depends to some extent on the thinking of those participating in the market about the market. This is sometimes called a Keynesian beauty contest, after Keynes’s analogy of judging a beauty contest not on the basis of who you think is most beautiful, but on the basis of who you think others w
... See moreSacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
I have curated the most important and deep parts of this book into the following quotes:- You don’t know yourself unless you have to make your own choices.- We don’t understand things when we have an edge. Only when we have the perspective of coming from behind.- If we win during bear markets you’ll be fine on bull markets.- Dispersion of outcomes ... See more