The worse a situation becomes the less it takes to turn it around, the bigger the upside.
GEORGE SOROSIn politics, manipulating reality can take presidence over finding reality.
More George Soros Quotes
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The scope for improvement is infinite, precisely because perfection is unattainable.
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Well, you know, I was a human being before I became a businessman.
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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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Every bubble has two components: something – some real trend, and a misconception about that trend.
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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.
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I am not well qualified to criticize the theory of rational expectations and the efficient market hypothesis because as a market participant I considered them so unrealistic that I never bothered to study them.
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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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The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
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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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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.
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Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.
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My main concern is with the world order.
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Discount the obvious, bet on the unexpected.
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Markets can influence the events that they anticipate.
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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.
GEORGE SOROS