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Market prices are always wrong.

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
Prices
Market
Wrong
Always

More quotes by George Soros

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The hardest thing to judge is what level of risk is safe.
George Soros
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Political debate is more interested in manipulating the truth, than finding the truth.
George Soros
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The people currently in charge have forgotten the first principle of an open society, namely that we may be wrong and that there has to be free discussion. That it's possible to be opposed to the policies without being unpatriotic.
George Soros
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The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).
George Soros
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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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When money is free, the rational lender will keep on lending until there is no one else to lend to.
George Soros
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I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
George Soros
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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.
George Soros
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If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
George Soros
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There is no doubt that the countries that now have a very large debt have not introduced the kind of structural reforms that Germany did and are therefore at a disadvantage. But the problem is that this disadvantage is becoming even more pronounced through the punitive policies in place.
George Soros
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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.
George Soros
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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
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You could adjust the punishment to fit the infraction. Even a small fine would be enough to bring an errant government to heel.
George Soros
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My approach works not by making valid predictions but by allowing me to correct false ones.
George Soros
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Now that I have called you on your false accusation, you are using additional smear tactics.
George Soros
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My main concern is with the world order
George Soros
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I admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction.
George Soros
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There is always a divergence between our perception and what actually exists.
George Soros
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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.
George Soros
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The lower interest rates fueled housing and consumption booms in countries such as Spain and Ireland. At the same time, Germany, struggling with the burdens of reunification, tightened its belt and became more competitive. All this led to a wide divergence in economic performance. Europe became divided into creditor and debtor countries.
George Soros