My sense of insecurity keeps me alert, always ready to correct my errors.
GEORGE SOROSAn 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.
More George Soros Quotes
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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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Every bubble has two components: something – some real trend, and a misconception about that trend.
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Political debate is more interested in manipulating the truth, than finding the truth.
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Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.
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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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Discount the obvious, bet on the unexpected.
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The world order needs a major overhaul.
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The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
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Market prices are always wrong.
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What works for Germany can’t work for the rest of Europe: No country can run a chronic surplus without others running deficits.
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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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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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American supremacy is the greatest threat to the world today.
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Misconceptions play a prominent role in my view of the world.
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My main concern is with the world order.
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