It is credit that matters, not money (in other words, monetarism is a false ideology).
GEORGE SOROSIf the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
More George Soros Quotes
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In politics, manipulating reality can take presidence over finding reality.
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I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.
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As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.
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Discount the obvious, bet on the unexpected.
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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 trouble with institutional investors is that their performance is usually measured relative to their peer group and not by an absolute yardstick. This makes them trend followers by definition.
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The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
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The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
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If we carry this line of argument to its logical conclusion, the meaning of life consists of the flaws in one’s conceptions and what one does about them. Life can be seen as a fertile fallacy.
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Markets can influence the events that they anticipate.
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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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Find the trend whose premise is false, and bet against it.
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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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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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Increase your bets when you are confident and scale down your positions when you don’t have conviction.
GEORGE SOROS