The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
GEORGE SOROSThe strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
More George Soros Quotes
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Discount the obvious, bet on the unexpected.
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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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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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Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
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Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
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It 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.
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I’m only rich because I know when I’m wrong.
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My main concern is with the world order.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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Every bubble consists of a trend that can be observed in the real world and a misconception relating to that trend. The two elements interact with each other in a reflexive manner.
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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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Well, you know, I was a human being before I became a businessman.
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If we carry this line of argument to its logical conclusion, the meaning of life consists of the flaws in one’s conceptions and what one does about them. Life can be seen as a fertile fallacy.
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Markets can influence the events that they anticipate.
GEORGE SOROS