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.
GEORGE SOROSAmerican supremacy is the greatest threat to the world today.
More George Soros Quotes
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An open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.
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It is sort of a disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.
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Studying economics is not a good preparation for dealing with it.
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My approach works not by making valid predictions but by allowing me to correct false ones.
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It is credit that matters, not money (in other words, monetarism is a false ideology).
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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 sovereignty of states must be subordinated to international law and international institutions.
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The trouble with institutional investors is that their performance is usually measured relative to their peer group and not by an absolute yardstick. This makes them trend followers by definition.
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In politics, manipulating reality can take presidence over finding reality.
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I rely a great deal on animal instincts.
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Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.
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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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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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American supremacy is the greatest threat to the world today.
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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.
GEORGE SOROS