The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
George SorosChina could easily emerge as the great winner if the Chinese leaders handle the situation well. On the other hand, they could also turn out to be the biggest losers if they handle it poorly. If the management turns out be wrong, this could lead to a political crisis in China.
George SorosI have made it a principle to give advice that does not serve my personal interest but rather the common interests.
George Soros