Market prices are always wrong.
GEORGE SOROSRevolutions usually start with enthusiasm and end in tears.
More George Soros Quotes
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I rely a great deal on animal instincts.
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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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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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The sovereignty of states must be subordinated to international law and international institutions.
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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.
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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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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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There is no point in being confident and having a small position.
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My sense of insecurity keeps me alert, always ready to correct my errors.
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As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.
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There is always a divergence between our perception and what actually exists.
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The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.
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Find the trend whose premise is false, and bet against it.
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The world order needs a major overhaul.
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My approach works not by making valid predictions but by allowing me to correct false ones.
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