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 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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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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I rely a great deal on animal instincts.
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Discount the obvious, bet on the unexpected.
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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.
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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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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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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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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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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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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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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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Well, you know, I was a human being before I became a businessman.
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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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I’m only rich because I know when I’m wrong.
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My sense of insecurity keeps me alert, always ready to correct my errors.
GEORGE SOROS