Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.
GEORGE SOROSLaw has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
More George Soros Quotes
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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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To be successful, you need leisure. You need time hanging heavily on your hands.
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When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.
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Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
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My main concern is with the world order.
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Studying economics is not a good preparation for dealing with it.
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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don’t have much personal use for money.
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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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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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I’m only rich because I know when I’m wrong.
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If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.
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Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
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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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Well, you know, I was a human being before I became a businessman.
GEORGE SOROS