Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
Interpretation
Acknowledging our flawed understanding is essential and correcting our mistakes is a virtue.
This quote by George Soros emphasizes that it is a fundamental aspect of being human to have an imperfect understanding of the world. Rather than feeling ashamed about making mistakes, we should focus on the importance of recognizing and correcting them, as this is a key part of personal growth and learning.
In practice
In a motivational speech about personal growth and learning from failures.
The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in fact they were increasing them by creating an agency problem. The agents were more interested in maximising fee income than in protecting the interests of bondholders. That is the verity that was ignored by regulators and market participants alike.
The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.
Regulating and taxing marijuana would simultaneously save taxpayers billions of dollars in enforcement and incarceration costs, while providing many billions of dollars in revenue annually.
We are the most powerful nation on earth. No external power, no terrorist organization can defeat us. But we can defeat ourselves by getting caught in a quagmire.
My foundations support people in the country who care about an open society. It's their work that I'm supporting. So it's not me doing it. But I can empower them. I can support them, and I can help them.
The criminalization of marijuana did not prevent marijuana from becoming the most widely used illegal substance in the United States and many other countries. But it did result in extensive costs and negative consequences.
Life is a place where it is necessary to move gently. Whether it be in thought, speech, or action, the rhythm must be controlled; the law of harmony must be observed in all that one does. If there is anything that will bring satisfaction it is diving deep into Love, and then we shall realize that there is nothing which is not just; we shall never again say that anything is unjust. This is the point the wise reach, and they call it the culmination of wisdom.
Your faith has saved you; go in peace.
No great genius has ever existed without some touch of madness.
If one is the master of oneself, one is the resort one can depend on; therefore, one should control oneself of all.
The truly wise are content to be last. They are, therefore, first. They are indifferent to themselves. They are, therefore self-confident.
Everybody hates a prodigy, detests an old head on young shoulders.
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