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.
GEORGE SOROSIf we care about universal principles such as freedom, democracy and the rule of law, we cannot leave them to the care of market forces; we must establish some other institutions to safeguard them.
More George Soros Quotes
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If we carry this line of argument to its logical conclusion, the meaning of life consists of the flaws in one’s conceptions and what one does about them. Life can be seen as a fertile fallacy.
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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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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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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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Discount the obvious, bet on the unexpected.
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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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My main concern is with the world order.
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In politics, manipulating reality can take presidence over finding reality.
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There is always a divergence between our perception and what actually exists.
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If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.
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Find the trend whose premise is false, and bet against it.
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American supremacy is the greatest threat to the world today.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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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 main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
GEORGE SOROS