Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
GEORGE SOROSI chose America as my home because I value freedom and democracy, civil liberties and an open society.
More George Soros Quotes
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Discount the obvious, bet on the unexpected.
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The main obstacle to a stable and just world order is the United States.
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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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American supremacy is the greatest threat to the world today.
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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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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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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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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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Market prices are always wrong.
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The global crisis is caused by pathologies inherent in the global financial system itself.
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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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Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.
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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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If the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
GEORGE SOROS