Misconceptions play a prominent role in my view of the world.
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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Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.
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I rely a great deal on animal instincts.
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There is no point in being confident and having a small position.
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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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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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The 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.
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I don’t panic. The same thing applies to me as to everybody else, so I’m given to euphoria and despair. And I would say that I basically have survived by recognizing my mistakes.
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I’m only rich because I know when I’m wrong.
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Find the trend whose premise is false, and bet against it.
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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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Unfortunately, the more complex the system, the greater the room for error.
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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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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