“It may lead to an equilibrium where the participant's views come to corrospend to the actual state of affairs.”— George Soros, youtube.comTagged: Finance, Wall Street, hedge funds, Economics
“The structure of the brain is another source of distortions.”— George Soros, youtube.comTagged: Finance, Wall Street, Human Nature, hedge funds
“The main source of difficulty is that participants are part of the situation they have to deal with. Confronted by reality of extereme complexity we are ablyged to various methods of simplification. Generalizations, metaphors, moral precepts to mention a few.”— George Soros, youtube.comTagged: Finance, Wall Street, hedge funds, Human Nature
“These distorted views can influence the situation to which they inflate. Because false views lead to inappropriate actions. That's the principle of reflexivity.”— George Soros, youtube.comTagged: Finance, Wall Street, hedge funds, markets
“My conceptual framework enabled me to both anticipate the prices and deal with it when it finally struck. It has also enabled me to explain and predict events better than others.”— George Soros, youtube.comTagged: Finance, Wall Street, hedge funds, Market Conditions