|

|

Advertisements

George Soros Quotes

Playing by the rules, one does the best he can, irrespective of the social consequences. Whereas in making the rules, people ought to be concerned with the social consequences and not with their personal interests Picture Quote #1

Once a trend is established it tends to persist and to run it’s full course Picture Quote #1

A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to Picture Quote #1

My approach works not by making valid predictions but by allowing me to correct false ones Picture Quote #1

When money is free, the rational lender will keep on lending until there is no one else to lend to Picture Quote #1

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 Picture Quote #1

Advertisements

We can speak of the triumph of capitalism in the world, but we cannot yet speak about the triumph of democracy. There is a serious mismatch between the political and the economic conditions that prevail in the world today Picture Quote #1

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 Picture Quote #1

Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

Advertisements

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 Picture Quote #1

An open society calls itself open to improvement. It is based on the recognition that people have divergent views and interests, and that nobody is in possession of the ultimate truth Picture Quote #1

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 Picture Quote #1

Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge Picture Quote #1

Market prices are always wrong in the sense that they present a biased view of the future Picture Quote #1

Mankind’s ability to understand and control the forces of nature greatly exceeds our ability to govern ourselves Picture Quote #1

Advertisements

Financial markets... resent any kind of government interference but they hold a belief deep down that if conditions get really rough the authorities will step in Picture Quote #1

Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. The main difference is that the hypothesis that underlies an investment decision is intended to make money and not to establish a universally valid generalization Picture Quote #1

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 Picture Quote #1

If truth be known, I carried some rather potent messianic fantasies with me from childhood which I felt I had to control, otherwise I might end up in the loony bin. But when I made my way in the world I wanted to indulge myself in my fantasies to the extent that I could afford Picture Quote #1

I would be lying, however, if I claimed that I could always formulate worthwhile hypotheses on the basis of my theoretical framework. Sometimes there were no reflexive processes to be found; sometimes I failed to find them; and, what was the most painful of all, sometimes I got them wrong. One way or another, I often invested without a worthwhile hypothesis and my activities were not very different from a random walk Picture Quote #1

Money values do not simply mirror the state of affairs in the real world; valuation is a positive act that makes an impact on the course of events. Monetary and real phenomena are connected in a reflexive fashion; that is, they influence each other mutually. The reflexive relationship manifests itself most clearly in the use and abuse of credit Picture Quote #1

Advertisements

In the case of a meltdown, the regulatory authorities may find themselves obliged to step in to preserve the integrity of the system. It is in that light that the authorities have both a right and an obligation to supervise and regulate derivative instruments Picture Quote #1

To my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states Picture Quote #1

I find the idea that you can introduce democracy by military force a very quaint idea. Moreover, if I wanted to choose a testing ground for doing it, iraq would be the last nation I would choose Picture Quote #1

1 2 3 4 5

Friendship Quotes

Motivational Quotes

Inspirational Quotes

Advertisements

Text Quotes

Playing by the rules, one does the best he can, irrespective of the social consequences. Whereas in making the rules, people ought to be concerned with the social consequences and not with their personal interests (George Soros Quotes) Once a trend is established it tends to persist and to run it’s full course (George Soros Quotes) A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to (George Soros Quotes) My approach works not by making valid predictions but by allowing me to correct false ones (George Soros Quotes) When money is free, the rational lender will keep on lending until there is no one else to lend to (George Soros Quotes) 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 (George Soros Quotes) We can speak of the triumph of capitalism in the world, but we cannot yet speak about the triumph of democracy. There is a serious mismatch between the political and the economic conditions that prevail in the world today (George Soros Quotes) 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 Quotes) Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity (George Soros Quotes) 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 (George Soros Quotes) 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 (George Soros Quotes) 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 Quotes) 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 (George Soros Quotes) An open society calls itself open to improvement. It is based on the recognition that people have divergent views and interests, and that nobody is in possession of the ultimate truth (George Soros Quotes) 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 (George Soros Quotes) Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge (George Soros Quotes) Market prices are always wrong in the sense that they present a biased view of the future (George Soros Quotes) Mankind’s ability to understand and control the forces of nature greatly exceeds our ability to govern ourselves (George Soros Quotes) Financial markets... resent any kind of government interference but they hold a belief deep down that if conditions get really rough the authorities will step in (George Soros Quotes) Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. The main difference is that the hypothesis that underlies an investment decision is intended to make money and not to establish a universally valid generalization (George Soros Quotes) 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 Quotes) If truth be known, I carried some rather potent messianic fantasies with me from childhood which I felt I had to control, otherwise I might end up in the loony bin. But when I made my way in the world I wanted to indulge myself in my fantasies to the extent that I could afford (George Soros Quotes) I would be lying, however, if I claimed that I could always formulate worthwhile hypotheses on the basis of my theoretical framework. Sometimes there were no reflexive processes to be found; sometimes I failed to find them; and, what was the most painful of all, sometimes I got them wrong. One way or another, I often invested without a worthwhile hypothesis and my activities were not very different from a random walk (George Soros Quotes) Money values do not simply mirror the state of affairs in the real world; valuation is a positive act that makes an impact on the course of events. Monetary and real phenomena are connected in a reflexive fashion; that is, they influence each other mutually. The reflexive relationship manifests itself most clearly in the use and abuse of credit (George Soros Quotes) In the case of a meltdown, the regulatory authorities may find themselves obliged to step in to preserve the integrity of the system. It is in that light that the authorities have both a right and an obligation to supervise and regulate derivative instruments (George Soros Quotes) To my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states (George Soros Quotes) I find the idea that you can introduce democracy by military force a very quaint idea. Moreover, if I wanted to choose a testing ground for doing it, iraq would be the last nation I would choose (George Soros Quotes)

1 2 3 4 5