Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
GEORGE SOROSShort term volatility is greatest at turning points and diminishes as a trend becomes established.
More George Soros Quotes
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Markets can influence the events that they anticipate.
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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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Find the trend whose premise is false, and bet against it.
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The world order needs a major overhaul.
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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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If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.
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As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.
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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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Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
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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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Misconceptions play a prominent role in my view of the world.
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Political debate is more interested in manipulating the truth, than finding the truth.
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Every bubble has two components: something – some real trend, and a misconception about that trend.
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Studying economics is not a good preparation for dealing with it.
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I am not well qualified to criticize the theory of rational expectations and the efficient market hypothesis because as a market participant I considered them so unrealistic that I never bothered to study them.
GEORGE SOROS