Every bubble consists of a trend that can be observed in the real world and a misconception relating to that trend. The two elements interact with each other in a reflexive manner.
George SorosTo others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
George SorosOf course, speculation will always make a crisis worse. If there is a weak point, it will expose it.
George SorosIt's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong
George SorosTo my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states.
George SorosThe lower interest rates fueled housing and consumption booms in countries such as Spain and Ireland. At the same time, Germany, struggling with the burdens of reunification, tightened its belt and became more competitive. All this led to a wide divergence in economic performance. Europe became divided into creditor and debtor countries.
George Soros