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.
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’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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The global crisis is caused by pathologies inherent in the global financial system itself.
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There is always a divergence between our perception and what actually exists.
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The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don’t have much personal use for money.
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Studying economics is not a good preparation for dealing with it.
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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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The hardest thing to judge is what level of risk is safe.
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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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It is credit that matters, not money (in other words, monetarism is a false ideology).
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In politics, manipulating reality can take presidence over finding reality.
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Political debate is more interested in manipulating the truth, than finding the truth.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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My 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.
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To be successful, you need leisure. You need time hanging heavily on your hands.
GEORGE SOROS