George Soros quotes - page 5

Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on. (George Soros)
The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong. View quote
George Soros
It is credit that matters, not money (in other words, monetarism is a false ideology). View quote
George Soros
Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail. View quote
George Soros
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. View quote
George Soros
Taking this view, it is possible to see financial markets as a laboratory for testing hypotheses, albeit not strictly scientific ones. The truth is, successful investing is a kind of alchemy. View quote
George Soros
No individual anonymous participant can influence the prices and therefore you really can speculate in the market without paying attention to morality. That's one of the positive features of markets. That's why they function. View quote
George Soros
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. View quote
George Soros
I am for maximum supervision and minimum regulation. View quote
George Soros
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. View quote
George Soros
When you sell options, you get paid for assuming risk. That can be a profitable business, but it does not mix well with the risks inherent in a leveraged portfolio. (George Soros)
Changeless society is characterized by the absense of alternatives. View quote
George Soros
The scope for improvement is infinite, precisely because perfection is unattainable. View quote
George Soros
The only thing that could hurt me is if my success encouraged me to return to my childhood fantasies of omnipotence - but that is not likely to happen as long as I remain engaged in the financial markets, because they constantly remind me of my limitations. View quote
George Soros
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. View quote
George Soros
The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility). View quote
George Soros
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. View quote
George Soros
Market prices are always wrong. View quote
George Soros
There is a well-established conviction that the central banks always do what is necessary to keep the system going and then afterwards you then take care of the legal aspects. In a crisis, you simply do not have time to think about such concerns for too long. View quote
George Soros
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. View quote
George Soros
My conceptual framework, which basically emphasizes the importance of misconceptions, makes me extremely critical of my own decisions. I know that I am bound to be wrong, and therefore am more likely to correct my own mistakes. (George Soros)
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. View quote
George Soros
The financial markets play an active role in determining what's going to happen, how the economy is going to function. View quote
George Soros
A global economy is characterized not only by the free movement of goods and services but, more important, by the free movement of ideas and of capital. View quote
George Soros
The trouble with institutional investors is that their performance is usually measured relative to their peer group and not by an absolute yardstick. This makes them trend followers by definition. View quote
George Soros