The worse a situation becomes the less it takes to turn it around, the bigger the upside.
GEORGE SOROSThe 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.
More George Soros Quotes
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If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.
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In politics, manipulating reality can take presidence over finding reality.
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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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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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No individual anonymous participant can influence the prices and therefore you really can speculate in the market without paying attention to morality. That’s one of the positive features of markets. That’s why they function.
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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.
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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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My sense of insecurity keeps me alert, always ready to correct my errors.
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The main obstacle to a stable and just world order is the United States. [This idea] happens to coincide with the prevailing opinion in the world. And I think that’s rather shocking for Americans to hear.
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Market prices are always wrong.
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The global crisis is caused by pathologies inherent in the global financial system itself.
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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.
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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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Every 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.
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It is credit that matters, not money (in other words, monetarism is a false ideology).
GEORGE SOROS