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George Soros

George Soros Quotes

Business magnate

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Famous George Soros Quotes

“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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Author:George Soros
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“I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled Asset Relief Program (TARP) to help banks take toxic assets off their balance sheets. I argued that it would be much better to put the money where the hole was and replenish the equity of the banks themselves.”

HelpingWould BeEconomyPlansBalanceProgramEconomicsHolesReliefFundAssetsToxicSecretarySheetsEquityTreasuryBailBalance SheetsTarp
Author:George Soros
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“The generally accepted view is that markets are always right -- that is, market prices tend to discount future developments accurately even when it is unclear what those developments are. I start with the opposite view. I believe the market prices are always wrong in the sense that they present a biased view of the future.”

BelieveI BelieveViewsDevelopmentOppositesInvestingAcceptedBiasedDiscountsAlways WrongUnclearFuture Development
Book:The Alchemy of Finance: Reading the Mind of the Market
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“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.”

DifferencesDecisionTestsInvestmentInvestingPracticalsMaking MoneyHypothesisGeneralization
Book:The Alchemy of Finance: Reading the Mind of the Market
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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.”

WayRealityExpressionFundamentalsInvestingFinancialDistortionFinancial Markets
Book:The Crash of 2008 and What it Means: The New Paradigm for Financial Markets
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