In politics, manipulating reality can take presidence over finding reality.
GEORGE SOROSThe reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
More George Soros Quotes
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Every bubble has two components: something – some real trend, and a misconception about that trend.
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Market prices are always wrong.
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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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Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
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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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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.
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Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
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Unfortunately, the more complex the system, the greater the room for error.
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My approach works not by making valid predictions but by allowing me to correct false ones.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
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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 sovereignty of states must be subordinated to international law and international institutions.
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Markets can influence the events that they anticipate.
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