Find the trend whose premise is false, and bet against it.
GEORGE SOROSMarket prices are always wrong.
More George Soros Quotes
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Every bubble consists of a trend that can be observed in the real world and a misconception relating to that trend. The two elements interact with each other in a reflexive manner.
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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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Misconceptions play a prominent role in my view of the world.
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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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The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
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In politics, manipulating reality can take presidence over finding reality.
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My main concern is with the world order.
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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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I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.
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My sense of insecurity keeps me alert, always ready to correct my errors.
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Markets can influence the events that they anticipate.
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Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
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It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.
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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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Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.
GEORGE SOROS






