Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
GEORGE SOROSAmerica needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
More George Soros Quotes
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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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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
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If 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.
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I’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
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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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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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My approach works not by making valid predictions but by allowing me to correct false ones.
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America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
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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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The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets 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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Well, you know, I was a human being before I became a businessman.
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The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
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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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