Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values.
GEORGE SOROSEvery bubble has two components: something – some real trend, and a misconception about that trend.
More George Soros Quotes
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There is always a divergence between our perception and what actually exists.
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I’m only rich because I know when I’m wrong.
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Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
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Revolutions usually start with enthusiasm and end in tears.
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American supremacy is the greatest threat to the world today.
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My sense of insecurity keeps me alert, always ready to correct my errors.
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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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Well, you know, I was a human being before I became a businessman.
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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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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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Market prices are always wrong in the sense that they present a biased view of the future.
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Studying economics is not a good preparation for dealing with it.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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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 world order needs a major overhaul.
GEORGE SOROS