The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
GEORGE SOROSThe financial markets play an active role in determining what’s going to happen, how the economy is going to function.
More George Soros Quotes
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The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.
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If we care about universal principles such as freedom, democracy and the rule of law, we cannot leave them to the care of market forces; we must establish some other institutions to safeguard them.
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Well, you know, I was a human being before I became a businessman.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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Discount the obvious, bet on the unexpected.
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Every bubble has two components: something – some real trend, and a misconception about that trend.
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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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Political debate is more interested in manipulating the truth, than finding the truth.
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It is credit that matters, not money (in other words, monetarism is a false ideology).
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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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I fancied myself as some kind of god or an economic reformer like Keynes.
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There is always a divergence between our perception and what actually exists.
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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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Misconceptions play a prominent role in my view of the world.
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Increase your bets when you are confident and scale down your positions when you don’t have conviction.
GEORGE SOROS