The global crisis is caused by pathologies inherent in the global financial system itself.
GEORGE SOROSMost of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on.
More George Soros Quotes
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I’m only rich because I know when I’m wrong.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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Every bubble has two components: something – some real trend, and a misconception about that trend.
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To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
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I fancied myself as some kind of god or an economic reformer like Keynes.
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My conceptual framework, which basically emphasizes the importance of misconceptions, makes me extremely critical of my own decisions. I know that I am bound to be wrong, and therefore am more likely to correct my own mistakes.
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Market prices are always wrong.
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The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
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Discount the obvious, bet on the unexpected.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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The main obstacle to a stable and just world order is the United States.
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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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My main concern is with the world order.
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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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It is credit that matters, not money (in other words, monetarism is a false ideology).
GEORGE SOROS