New Delhi, Oct. 21 -- As I write this on Vijayadashmi day, I remember the legend that even as Ravana lay dying, Lord Rama asked his brother Lakshmana to sit at his feet as a disciple and get knowledge. In the same spirit, I am sharing insights from George Soros' long record as a successful trader and investor-the very person many in India love to hate.

In fact, whenever anyone has asked me whether even after recognizing a bubble one can play it and get out in time, my answer has been that the only person who has managed to do that more than once at scale is Soros. Others are one-trick ponies who may have been permanently bearish or bullish and got lucky that one time.

Soros' basic insight was that unlike what has been the conventional w...