The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
GEORGE SOROSMisconceptions play a prominent role in my view of the world.
More George Soros Quotes
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Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge.
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To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
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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.
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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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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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No individual anonymous participant can influence the prices and therefore you really can speculate in the market without paying attention to morality. That’s one of the positive features of markets. That’s why they function.
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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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American supremacy is the greatest threat to the world today.
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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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I rely a great deal on animal instincts.
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There is always a divergence between our perception and what actually exists.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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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 reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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It is credit that matters, not money (in other words, monetarism is a false ideology).
GEORGE SOROS