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 SOROSWhen money is free, the rational lender will keep on lending until there is no one else to lend to.
More George Soros Quotes
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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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To be successful, you need leisure. You need time hanging heavily on your hands.
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The sovereignty of states must be subordinated to international law and international institutions.
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Unfortunately, the more complex the system, the greater the room for error.
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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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Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
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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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The scope for improvement is infinite, precisely because perfection is unattainable.
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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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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.
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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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My approach works not by making valid predictions but by allowing me to correct false ones.
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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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The main obstacle to a stable and just world order is the United States.
GEORGE SOROS