When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
GEORGE SOROSMarkets can influence the events that they anticipate.
More George Soros Quotes
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The world order needs a major overhaul.
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American supremacy is the greatest threat to the world today.
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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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Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
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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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Revolutions usually start with enthusiasm and end in tears.
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Every bubble has two components: something – some real trend, and a misconception about that trend.
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The sovereignty of states must be subordinated to international law and international institutions.
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My approach works not by making valid predictions but by allowing me to correct false ones.
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Once a trend is established it tends to persist and to run it’s full course.
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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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When money is free, the rational lender will keep on lending until there is no one else to lend to.
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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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I’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
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I’m only rich because I know when I’m wrong.
GEORGE SOROS