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.
GEORGE SOROSIf we carry this line of argument to its logical conclusion, the meaning of life consists of the flaws in one’s conceptions and what one does about them. Life can be seen as a fertile fallacy.
More George Soros Quotes
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I rely a great deal on animal instincts.
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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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The 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.
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In politics, manipulating reality can take presidence over finding reality.
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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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American supremacy is the greatest threat to the world today.
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I’m only rich because I know when I’m wrong.
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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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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.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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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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When money is free, the rational lender will keep on lending until there is no one else to lend to.
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Misconceptions play a prominent role in my view of the world.
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To my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states.
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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.
GEORGE SOROS