Monday, May 12, 2008

Magical Mind

Soros Survival's Quotes :
* Jika saya harus menjelaskan secara ringkas ketrampilan praktis saya, saya akan memakai satu kata: bertahan hidup [ survival ] .
* Pada akhirnya anda harus mengandalkan naluri anda untuk bertahan hidup.
* Survive first and make money afterwards .
* To survive in the financial markets sometimes means beating a hasty retreat.
* Pasar... saya sungguh-sungguh merasakannya sampai ke lubuk hati saya. Saya bereaksi terhadap kejadian di pasar seperti seekor hewan bereaksi terhadap kejadian di rimba raya.
* Kita harus memanfaatkan sebaik-baiknya apa yang kita miliki ; alternatifnya adalah kematian !

Soros about Investments :
* Investasi yang berhasil merupakan satu jenis kimia ( alchemy ) .
Metode ilmiah berusaha memahami sesuatu sebagaimana adanya, sedangkan ilmu kimia berusaha menciptakan keadaan yang diinginkan. Dengan kata lain, sasaran utama ilmu (science) adalah kebenaran - sasaran ilmu kimia adalah sukses operasional.
* Sukses keuangan bergantung pada kemampuan untuk mengantisipasi harapan yang ada dan bukan perkembangan dunia nyata.
* Dalam peradaban kita, nilai laba (profit) dilebih-lebihkan dan begitu juga obyektivitas.
* Nilai (value)... lebih berakar pada fantasi ketimbang kenyataan (realitas).
* What beliefs do is alter facts.
* When you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig. It takes courage to ride a profit with huge leverage. When you're right on something, you can't own enough.
* "You call that a position ?"
* To be successful, you need leisure. You need time hanging heavily on your hands.
* What was Soros's secret..? Infinite patience, to start with. - Robert Slater

Soros about Mistakes :
* Saya melakukannya secara sadar (proses trial & error).
* It's not wheter you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong. - Stanley Druckenmiller
* Where I do think I excel, is in recognizing my mistakes... that is the secret of my success.
* I've probably made as many mistakes as any investor, but I have tended to discover them quicker and was usually able to correct them before they caused too much harm.
* To me, recognizing my mistakes is a source of pride. Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes.

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