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.
GEORGE SOROSThe main obstacle to a stable and just world order is the United States.
More George Soros Quotes
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I fancied myself as some kind of god or an economic reformer like Keynes.
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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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There is always a divergence between our perception and what actually exists.
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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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Misconceptions play a prominent role in my view of the world.
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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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I’m only rich because I know when I’m wrong.
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Find the trend whose premise is false, and bet against it.
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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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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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When money is free, the rational lender will keep on lending until there is no one else to lend to.
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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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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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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.
GEORGE SOROS