New Delhi, Feb. 16 -- Financial market participants often desire to make accurate decisions and predictions. Amid the pressure of being correct in financial markets, let us reflect on what billionaire investor George Soros calls the real measure of success, which is the profit earned when right and the loss faced when wrong and not just being correct.

"It's not whether 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."

This thoughtful idea on risk management by George Soros is mentioned in one passage in the book "The New Market Wizards", where Stanley Druckenmiller refers to an important lesson he learnt from the Hungarian-American investor.

The quote reflect...