Every bubble has two components: something – some real trend, and a misconception about that trend.
GEORGE SOROSIf 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.
More George Soros Quotes
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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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American supremacy is the greatest threat to the world today.
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The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
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In politics, manipulating reality can take presidence over finding reality.
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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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I’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
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Well, you know, I was a human being before I became a businessman.
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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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Political debate is more interested in manipulating the truth, than finding the truth.
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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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It is credit that matters, not money (in other words, monetarism is a false ideology).
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Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.
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There is always a divergence between our perception and what actually exists.
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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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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
GEORGE SOROS