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 SOROSRevolutions usually start with enthusiasm and end in tears.
More George Soros Quotes
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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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Market prices are always wrong.
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If we care about universal principles such as freedom, democracy and the rule of law, we cannot leave them to the care of market forces; we must establish some other institutions to safeguard them.
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I’m only rich because I know when I’m wrong.
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I don’t panic. The same thing applies to me as to everybody else, so I’m given to euphoria and despair. And I would say that I basically have survived by recognizing my mistakes.
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The 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.
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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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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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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 scope for improvement is infinite, precisely because perfection is unattainable.
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The world order needs a major overhaul.
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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.
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Discount the obvious, bet on the unexpected.
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There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.
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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.
GEORGE SOROS