Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
GEORGE SOROSThe main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
More George Soros Quotes
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The sovereignty of states must be subordinated to international law and international institutions.
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Market prices are always wrong in the sense that they present a biased view of the future.
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Political debate is more interested in manipulating the truth, than finding the truth.
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The main obstacle to a stable and just world order is the United States. [This idea] happens to coincide with the prevailing opinion in the world. And I think that’s rather shocking for Americans to hear.
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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.
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Market prices are always wrong.
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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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Every bubble consists of a trend that can be observed in the real world and a misconception relating to that trend. The two elements interact with each other in a reflexive manner.
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The hardest thing to judge is what level of risk is safe.
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Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
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There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.
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The world order needs a major overhaul.
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Unfortunately, the more complex the system, the greater the room for error.
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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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Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.
GEORGE SOROS