Markets can influence the events that they anticipate.
GEORGE SOROSThe prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
More George Soros Quotes
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To be successful, you need leisure. You need time hanging heavily on your hands.
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The hardest thing to judge is what level of risk is safe.
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Studying economics is not a good preparation for dealing with it.
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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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I rely a great deal on animal instincts.
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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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The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
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The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.
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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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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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The worse a situation becomes the less it takes to turn it around, the bigger the upside.
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Unfortunately, the more complex the system, the greater the room for error.
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Market prices are always wrong.
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Increase your bets when you are confident and scale down your positions when you don’t have conviction.
GEORGE SOROS