Political debate is more interested in manipulating the truth, than finding the truth.
GEORGE SOROSPolitical debate is more interested in manipulating the truth, than finding the truth.
GEORGE SOROSAs 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.
GEORGE SOROSIf the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
GEORGE SOROSMy main concern is with the world order.
GEORGE SOROSMisconceptions play a prominent role in my view of the world.
GEORGE SOROSShort term volatility is greatest at turning points and diminishes as a trend becomes established.
GEORGE SOROSThe reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
GEORGE SOROSMy conceptual framework, which basically emphasizes the importance of misconceptions, makes me extremely critical of my own decisions. I know that I am bound to be wrong, and therefore am more likely to correct my own mistakes.
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.
GEORGE SOROSEvery bubble consists of a trend that can be observed in the real world and a misconception relating to that trend. The two elements interact with each other in a reflexive manner.
GEORGE SOROSLaw has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
GEORGE SOROSMy sense of insecurity keeps me alert, always ready to correct my errors.
GEORGE SOROSThe 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.
GEORGE SOROSFind the trend whose premise is false, and bet against it.
GEORGE SOROSTo 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.
GEORGE SOROSMy approach works not by making valid predictions but by allowing me to correct false ones.
GEORGE SOROS