Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
GEORGE SOROSHedge 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.
More George Soros Quotes
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The 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.
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Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
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Every bubble has two components: something – some real trend, and a misconception about that trend.
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Political debate is more interested in manipulating the truth, than finding the truth.
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Market prices are always wrong in the sense that they present a biased view of the future.
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I rely a great deal on animal instincts.
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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.
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My main concern is with the world order.
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Markets can influence the events that they anticipate.
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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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The worse a situation becomes the less it takes to turn it around, the bigger the upside.
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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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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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I fancied myself as some kind of god or an economic reformer like Keynes.
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Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
GEORGE SOROS






