Who is George Soros? George Soros is a Hungarian-born Jewish businessman. It is one of the most influential investors in the world. In 1969, the Double Eagle Fund was established for Arnhold & S. Bleichroeder, an investment management company. In 1973, Soros and his assistant Rogers left Bleichroeder to co-found Soros Fund Management. In 1979, the well-known Quantum Fund was established and continued to make profits. In the Asian financial turmoil in 1997, George Soros sniped the Thai baht and the Hong Kong dollar, which was frightening.
Learning from the experiences of successful people can benefit a lot. Here are 4 tips George Soros gave investors.
First, to be successful, you must have ample free time. Most people want to be rich, but not everyone realizes the importance of free time. Many people spend a lot of time working to accumulate wealth, sleep, and forget. Set the goal to complete the work indicated by the superior, or the needs of business partners. But they have neglected their career and the true purpose of life. Unconsciously, someone else controls their destiny. Therefore, ample free time can enable people to maintain a clear mind, think about their career and life goals, and it is easier to find investment opportunities around them.
Second, humble admission of mistakes. George Soros believes that it is a matter of pride to humbly admit his mistakes. He is willing to accept his mistakes and forgive others. He believes that this is the basis for working in harmony with others. It is not a shame to make mistakes, it is the greatest shame in life to know what is wrong. In terms of investment, some investors are often reluctant to bear investment decision errors. When the market trends are misjudged, they are often reluctant to accept losses, do not stop losses, or postpone stop losses, resulting in greater losses.
Third, when the judgment is correct, enter, and hold decisively. George Soros believes that when the economic bubble is forming, it is a reasonable decision to enter immediately. Most investors are not good at holding assets for a long time, so it is difficult for investors to capture a long-term trend, resulting in a situation of high risk and low return.
Fourth, Don't trade over operations. George Soros believes that if the transaction is operated excessively, even if the correct market direction is judged, it may lose a lot. Excessive trading operations do not fit the market's economic cycle. The market is divided into three phases: the bull market, bear market, and rampant. When the market is in a bull market, after a brief decline, it will continue to rise for a long time. When the market is in a bear market, after a brief rise, it will continue to fall for a long time. When the market is in the horizontal phase, the market will experience low-level horizontal fluctuations. At this time, it is not suitable for trading operations. Most investors have a wait-and-see attitude. Therefore, according to the law of the market trend, it is not suitable for excessive trading operations. On the other hand, frequent buying and selling transactions can easily cause investors to lose their investment goals, and investment sentiment is affected by price fluctuations, causing investment decision errors.
Standing on the shoulders of giants, you can often see longer and wider. The above 4 George Soros suggestions to investors hope to bring benefits to investors and make the investment in life more smoothly.