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Quote by George Soros

“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.”

Quote by George Soros

Author

George Soros, born on August 12, 1930, is a renowned business magnate and philanthropist. He has significant influence in the global financial markets and is known for his unique investment strategies and philosophy. In the 1970s, Soros founded the Quantum Fund, which achieved substantial wealth growth over the following decades. Apart from his success in business, Soros is committed to promoting global democracy and open societies, supporting various educational and charitable projects through the Soros Foundation. more

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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.”

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Book:The Alchemy of Finance: Reading the Mind of the Market

Source: The Alchemy of Finance: Reading the Mind of the Market

“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.”

Matter Process Difficult Economic Subjects Economics Investing Objectives Supposed To Be Objectivity Subject Matter Participants

Book:The Alchemy of Finance: Reading the Mind of the Market

Source: The Alchemy of Finance: Reading the Mind of the Market

“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.”

Kind Views Successful Truth Is Investing Financial Hypothesis Testing Laboratory Alchemy Financial Markets Successful Investing

Book:The Alchemy of Finance: Reading the Mind of the Market

Source: The Alchemy of Finance: Reading the Mind of the Market

“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.”

Ifs Way Different Sometimes Would Be Lying Found Process Walks Activity Bases Investing Painful One Way Worthwhile Hypothesis Framework Theoretical

Book:The Alchemy of Finance: Reading the Mind of the Market

Source: The Alchemy of Finance: Reading the Mind of the Market

“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.”

Source: The Alchemy of Finance: Reading the Mind of the Market

“The main obstacle to a stable and just world order is the United States. [This idea] happens to coincide with the prevailing opinion in the world. And I think that's rather shocking for Americans to hear.”

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Author:George Soros

“It is credit that matters, not money (in other words, monetarism is a false ideology).”

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Book:The Alchemy of Finance: Reading the Mind of the Market

Source: The Alchemy of Finance: Reading the Mind of the Market

“The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).”

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Book:The Alchemy of Finance: Reading the Mind of the Market

Source: The Alchemy of Finance: Reading the Mind of the Market

“The only thing that could hurt me is if my success encouraged me to return to my childhood fantasies of omnipotence - but that is not likely to happen as long as I remain engaged in the financial markets, because they constantly remind me of my limitations.”

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Book:The Alchemy of Finance: Reading the Mind of the Market

Source: The Alchemy of Finance: Reading the Mind of the Market

“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.”

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Book:The Alchemy of Finance: Reading the Mind of the Market

Source: The Alchemy of Finance: Reading the Mind of the Market