| 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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- George Soros |
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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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- George Soros |
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| The more the theory of efficient markets is believed, the less efficient the markets become. |
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- George Soros |
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| The way to build long-term returns is through preservation of capital and home runs. |
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- George Soros |
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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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- George Soros |
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| We did short a lot of sterling and we did make a lot of money, because our funds are so large. We must have been the biggest single factor in the market in the days before the ERM fell apart. Our total position by Black Wednesday had to be worth almost $10 billion. We planned to sell more than that. In fact, when Norman Lamont said just before the devaluation that he would borrow nearly $15 billion to defend sterling, we were amused because that was about how much we wanted to sell. |
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- George Soros |
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