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.
GEORGE SOROSIt is credit that matters, not money (in other words, monetarism is a false ideology).
More George Soros Quotes
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The hardest thing to judge is what level of risk is safe.
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Increase your bets when you are confident and scale down your positions when you don’t have conviction.
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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 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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American supremacy is the greatest threat to the world today.
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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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If we carry this line of argument to its logical conclusion, the meaning of life consists of the flaws in one’s conceptions and what one does about them. Life can be seen as a fertile fallacy.
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My main concern is with the world order.
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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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The global crisis is caused by pathologies inherent in the global financial system itself.
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Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
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Once a trend is established it tends to persist and to run it’s full course.
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I rely a great deal on animal instincts.
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To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
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Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on.
GEORGE SOROS