When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.
GEORGE SOROSShort term volatility is greatest at turning points and diminishes as a trend becomes established.
More George Soros Quotes
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When money is free, the rational lender will keep on lending until there is no one else to lend to.
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If 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.
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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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Find the trend whose premise is false, and bet against it.
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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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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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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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I chose America as my home because I value freedom and democracy, civil liberties and an open society.
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Unfortunately, the more complex the system, the greater the room for error.
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Discount the obvious, bet on the unexpected.
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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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Every bubble consists of a trend that can be observed in the real world and a misconception relating to that trend. The two elements interact with each other in a reflexive manner.
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Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
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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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There is no point in being confident and having a small position.
GEORGE SOROS