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 SOROSIt 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.
More George Soros Quotes
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Every bubble has two components: something – some real trend, and a misconception about that trend.
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An 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.
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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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I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.
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When money is free, the rational lender will keep on lending until there is no one else to lend to.
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It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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Misconceptions play a prominent role in my view of the world.
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Unfortunately, the more complex the system, the greater the room for error.
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There is no point in being confident and having a small position.
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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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In politics, manipulating reality can take presidence over finding reality.
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Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values.
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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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