Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.
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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My sense of insecurity keeps me alert, always ready to correct my errors.
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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 reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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Studying economics is not a good preparation for dealing with it.
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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.
GEORGE SOROS -
The worse a situation becomes the less it takes to turn it around, the bigger the upside.
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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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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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Every bubble has two components: something – some real trend, and a misconception about that trend.
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I rely a great deal on animal instincts.
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Political debate is more interested in manipulating the truth, than finding the truth.
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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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Increase your bets when you are confident and scale down your positions when you don’t have conviction.
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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 world order needs a major overhaul.
GEORGE SOROS