Market prices are always wrong.
GEORGE SOROSOnce a trend is established it tends to persist and to run it’s full course.
More George Soros Quotes
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I’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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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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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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If the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
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It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.
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The world order needs a major overhaul.
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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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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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I’m only rich because I know when I’m wrong.
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Unfortunately, the more complex the system, the greater the room for error.
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The sovereignty of states must be subordinated to international law and international institutions.
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The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don’t have much personal use for money.
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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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My approach works not by making valid predictions but by allowing me to correct false ones.
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