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.
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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When money is free, the rational lender will keep on lending until there is no one else to lend to.
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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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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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Once a trend is established it tends to persist and to run it’s full course.
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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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The worse a situation becomes the less it takes to turn it around, the bigger the upside.
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Political debate is more interested in manipulating the truth, than finding the truth.
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An open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.
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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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What works for Germany can’t work for the rest of Europe: No country can run a chronic surplus without others running deficits.
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When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
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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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To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
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Well, you know, I was a human being before I became a businessman.
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The main obstacle to a stable and just world order is the United States.
GEORGE SOROS