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.
GEORGE SOROSWhen 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.
GEORGE SOROSShort term volatility is greatest at turning points and diminishes as a trend becomes established.
GEORGE SOROSIf the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
GEORGE SOROSMy sense of insecurity keeps me alert, always ready to correct my errors.
GEORGE SOROSWhen 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 SOROSThe worse a situation becomes the less it takes to turn it around, the bigger the upside.
GEORGE SOROSI’m only rich because I know when I’m wrong.
GEORGE SOROSIncrease your bets when you are confident and scale down your positions when you don’t have conviction.
GEORGE SOROSOnce a trend is established it tends to persist and to run it’s full course.
GEORGE SOROSInvestors 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.
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.
GEORGE SOROSThe main obstacle to a stable and just world order is the United States. [This idea] happens to coincide with the prevailing opinion in the world. And I think that’s rather shocking for Americans to hear.
GEORGE SOROSAn open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.
GEORGE SOROSThe trouble with institutional investors is that their performance is usually measured relative to their peer group and not by an absolute yardstick. This makes them trend followers by definition.
GEORGE SOROSThe sovereignty of states must be subordinated to international law and international institutions.
GEORGE SOROSFind the trend whose premise is false, and bet against it.
GEORGE SOROS