Once a trend is established it tends to persist and to run it’s full course.
GEORGE SOROSEvery 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.
More George Soros Quotes
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Unfortunately, the more complex the system, the greater the room for error.
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An open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.
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Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on.
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The hardest thing to judge is what level of risk is safe.
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The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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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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America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
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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 only rich because I know when I’m wrong.
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When money is free, the rational lender will keep on lending until there is no one else to lend to.
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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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Revolutions usually start with enthusiasm and end in tears.
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It is credit that matters, not money (in other words, monetarism is a false ideology).
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The sovereignty of states must be subordinated to international law and international institutions.
GEORGE SOROS