There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.
GEORGE SOROSThere is always a divergence between our perception and what actually exists.
More George Soros Quotes
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Well, you know, I was a human being before I became a businessman.
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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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Political debate is more interested in manipulating the truth, than finding the truth.
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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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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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Market prices are always wrong.
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What works for Germany can’t work for the rest of Europe: No country can run a chronic surplus without others running deficits.
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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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When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
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The main obstacle to a stable and just world order is the United States.
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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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Once a trend is established it tends to persist and to run it’s full course.
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In politics, manipulating reality can take presidence over finding reality.
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Revolutions usually start with enthusiasm and end in tears.
GEORGE SOROS