markets are a machine for destroying the ego

Another remarkably revealing statement from a man who once likened himself to a giant digestive tract, taking in money at one end and expelling it at the other. From Plutocrats: the Rise of the New Global Super-Rich pg 53:

George Soros told the gathered academics that “the markets are a machine for destroying the ego.” Popular culture has taught us to imagine the chiefs of Wall Street as strutting masters of the universe. That’s partly true. But they are also chronically exhausted men terrified that their latest trade will turn out to be a multimillion- dollar mistake that costs them their job. Soros, secular to his fingertips, describes investing mistakes as “sins” when he talks about them with his team.

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