The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
GEORGE SOROSMy conceptual framework, which basically emphasizes the importance of misconceptions, makes me extremely critical of my own decisions. I know that I am bound to be wrong, and therefore am more likely to correct my own mistakes.
More George Soros Quotes
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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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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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Misconceptions play a prominent role in my view of the world.
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The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
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Political debate is more interested in manipulating the truth, than finding the truth.
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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.
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The world order needs a major overhaul.
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The hardest thing to judge is what level of risk is safe.
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American supremacy is the greatest threat to the world today.
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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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The sovereignty of states must be subordinated to international law and international institutions.
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The main obstacle to a stable and just world order is the United States.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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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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