Studying economics is not a good preparation for dealing with it.
GEORGE SOROSThe main obstacle to a stable and just world order is the United States.
More George Soros Quotes
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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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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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I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.
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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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Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
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Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
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My approach works not by making valid predictions but by allowing me to correct false ones.
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Market prices are always 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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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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If the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
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My main concern is with the world order.
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The global crisis is caused by pathologies inherent in the global financial system itself.
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Once a trend is established it tends to persist and to run it’s full course.
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The sovereignty of states must be subordinated to international law and international institutions.
GEORGE SOROS