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.
GEORGE SOROSFundamental 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.
More George Soros Quotes
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The world order needs a major overhaul.
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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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Misconceptions play a prominent role in my view of the world.
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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 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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I rely a great deal on animal instincts.
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Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge.
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If we care about universal principles such as freedom, democracy and the rule of law, we cannot leave them to the care of market forces; we must establish some other institutions to safeguard them.
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Unfortunately, the more complex the system, the greater the room for error.
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Find the trend whose premise is false, and bet against it.
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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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In politics, manipulating reality can take presidence over finding reality.
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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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I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.
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I chose America as my home because I value freedom and democracy, civil liberties and an open society.
GEORGE SOROS