The laissez-faire argument relies on the same tacit appeal to perfection as does communism.
George SorosGermans tend to forget now that the euro was largely a Franco-German creation. No country has benefited more from the euro than Germany, both politically and economically. Therefore what has happened as a result of the introduction of the euro is largely Germany's its responsibility.
George SorosShort term volatility is greatest at turning points and diminishes as a trend becomes established
George SorosFundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values
George SorosI'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
George SorosThe 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.
George Soros