Market prices are always wrong.
GEORGE SOROSMarket prices are always wrong in the sense that they present a biased view of the future.
More George Soros Quotes
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I chose America as my home because I value freedom and democracy, civil liberties and an open society.
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I fancied myself as some kind of god or an economic reformer like Keynes.
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I’m only rich because I know when I’m wrong.
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The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.
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It is sort of a disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.
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Well, you know, I was a human being before I became a businessman.
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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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Market prices are always wrong in the sense that they present a biased view of the future.
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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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In politics, manipulating reality can take presidence over finding reality.
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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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The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don’t have much personal use for money.
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My approach works not by making valid predictions but by allowing me to correct false ones.
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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.
GEORGE SOROS