No individual anonymous participant can influence the prices and therefore you really can speculate in the market without paying attention to morality. That’s one of the positive features of markets. That’s why they function.
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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Well, you know, I was a human being before I became a businessman.
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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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Misconceptions play a prominent role in my view of the world.
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Market prices are always wrong.
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Discount the obvious, bet on the unexpected.
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Find the trend whose premise is false, and bet against it.
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America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
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If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.
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It is credit that matters, not money (in other words, monetarism is a false ideology).
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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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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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Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge.
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There is always a divergence between our perception and what actually exists.
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The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.
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Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values.
GEORGE SOROS