The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
GEORGE SOROSI fancied myself as some kind of god or an economic reformer like Keynes.
More George Soros Quotes
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I fancied myself as some kind of god or an economic reformer like Keynes.
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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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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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It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.
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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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If the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
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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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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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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.
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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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Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
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American supremacy is the greatest threat to the world today.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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My approach works not by making valid predictions but by allowing me to correct false ones.
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Find the trend whose premise is false, and bet against it.
GEORGE SOROS