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 SOROSI’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
More George Soros Quotes
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Political debate is more interested in manipulating the truth, than finding the truth.
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It is credit that matters, not money (in other words, monetarism is a false ideology).
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I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.
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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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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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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 strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
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The hardest thing to judge is what level of risk is safe.
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There is always a divergence between our perception and what actually exists.
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If the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
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I’m only rich because I know when I’m wrong.
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Revolutions usually start with enthusiasm and end in tears.
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There is no point in being confident and having a small position.
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As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.
GEORGE SOROS