Discount the obvious, bet on the unexpected.
GEORGE SOROSDiscount the obvious, bet on the unexpected.
GEORGE SOROSThe reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
GEORGE SOROSThe financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.
GEORGE SOROSStudying economics is not a good preparation for dealing with it.
GEORGE SOROSRevolutions usually start with enthusiasm and end in tears.
GEORGE SOROSMarket prices are always wrong.
GEORGE SOROSLaw has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
GEORGE SOROSMarket prices are always wrong in the sense that they present a biased view of the future.
GEORGE SOROSTo 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.
GEORGE SOROSAn 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.
GEORGE SOROSStock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
GEORGE SOROSThe scope for improvement is infinite, precisely because perfection is unattainable.
GEORGE SOROSThere is always a divergence between our perception and what actually exists.
GEORGE SOROSIf the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
GEORGE SOROSOnce a trend is established it tends to persist and to run it’s full course.
GEORGE SOROSFundamental 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.
GEORGE SOROS