Making billions and giving away millions …This is how the iconic billionaire investor and philanthropist George Soros is best known for.
Loved his quotes (on the nature of markets) which I bounced upon.
The financial markets generally are unpredictable. So that one has to have different scenarios. The idea that you can actually predict what's going to happen contradicts my way of looking at the market.
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
The worse a situation becomes the less it takes to turn it around, the bigger the upside. (don’t understand this one)
Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't under-estimate the value of that, but they're not designed to take care of social needs.
No comments:
Post a Comment