Market prices are always wrong in the sense that they present a biased view of the future.
GEORGE SOROSNo individual anonymous participant can influence the prices and therefore you really can speculate in the market without paying attention to morality. That’s one of the positive features of markets. That’s why they function.
More George Soros Quotes
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It is credit that matters, not money (in other words, monetarism is a false ideology).
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American supremacy is the greatest threat to the world today.
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The hardest thing to judge is what level of risk is safe.
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I fancied myself as some kind of god or an economic reformer like Keynes.
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What works for Germany can’t work for the rest of Europe: No country can run a chronic surplus without others running deficits.
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Increase your bets when you are confident and scale down your positions when you don’t have conviction.
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Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
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Markets can influence the events that they anticipate.
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The world order needs a major overhaul.
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If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.
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Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.
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An open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.
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The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
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Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values.
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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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The worse a situation becomes the less it takes to turn it around, the bigger the upside.
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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.
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I rely a great deal on animal instincts.
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Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
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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.
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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
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To my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge.
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