Market prices are always wrong.
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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If the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
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Find the trend whose premise is false, and bet against it.
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I rely a great deal on animal instincts.
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The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.
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The main obstacle to a stable and just world order is the United States.
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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 a trend is established it tends to persist and to run it’s full course.
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There is no point in being confident and having a small position.
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Market prices are always wrong in the sense that they present a biased view of the future.
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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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If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.
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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 financial markets play an active role in determining what’s going to happen, how the economy is going to function.
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Markets can influence the events that they anticipate.
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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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To be successful, you need leisure. You need time hanging heavily on your hands.
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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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Misconceptions play a prominent role in my view of the world.
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Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.
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There is always a divergence between our perception and what actually exists.
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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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What works for Germany can’t work for the rest of Europe: No country can run a chronic surplus without others running deficits.
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The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don’t have much personal use for money.
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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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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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The sovereignty of states must be subordinated to international law and international institutions.
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