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.
GEORGE SOROSMisconceptions play a prominent role in my view of the world.
More George Soros Quotes
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Political debate is more interested in manipulating the truth, than finding the truth.
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Every bubble has two components: something – some real trend, and a misconception about that trend.
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I chose America as my home because I value freedom and democracy, civil liberties and an open society.
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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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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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I don’t panic. The same thing applies to me as to everybody else, so I’m given to euphoria and despair. And I would say that I basically have survived by recognizing my mistakes.
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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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Misconceptions play a prominent role in my view of the world.
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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 my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states.
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Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
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The hardest thing to judge is what level of risk is safe.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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