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As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.
George Soros
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George Soros
Age: 94
Born: 1930
Born: August 12
Banker
Business Magnate
Businessman
Economist
Financier
Investor
Philanthropist
Philosopher
Trader
Writer
Buda Pest
György Schwartz
György Soros
Rise
Bust
Financial
Boom
Deal
Similarity
Deals
Markets
System
Soviet
Process
Investing
Fall
Great
Discovered
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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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In politics, manipulating reality can take presidence over finding reality.
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Studying economics is not a good preparation for dealing with it.
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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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The worse a situation becomes the less it takes to turn it around, the bigger the upside.
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I'm only rich because I know when I'm wrong.
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Now that I have called you on your false accusation, you are using additional smear tactics.
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The sovereignty of states must be subordinated to international law and international institutions.
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I contend that financial markets never reflect the underlying reality accurately they always distort it in some way or another and the distortions find expression in market prices. Those distortions can, occasionally, find ways to affect the fundamentals that market prices are supposed to reflect.
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Who most benefits from keeping marijuana illegal? The greatest beneficiaries are the major criminal organizations in Mexico and elsewhere that earn billions of dollars annually from this illicit trade - and who would rapidly lose their competitive advantage if marijuana were a legal commodity.
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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.
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I commissioned two political experts to advise me about what I could do to oppose the re-election of President Bush.
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I fancied myself as some kind of god or an economic reformer like Keynes
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The world order needs a major overhaul.
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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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