George Soros Quotes

I believe the only things that really matter in investing are the bubbles and the busts

The bubble, as investing phenomenon, has been well studied ever since the 17th-century tulip bulb frenzy. Its counterpart in bear markets is not well understood.

You cannot have an asset that goes up in price 1% every month or 1% every six months or every day without people starting to start thinking it'll do the same tomorrow, so that's why these bubbles form.

When interest rates are high you want the average direction in which interest rates are moving to be downward; when interest rates are low you want the average direction to be upward.

The big question is: When will the term structure of interest rates change? That's the question to be worried about.

As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past.

Low interest rates are a big opportunity for investment. But the issue is that this money should go to the real economy, not the financial economy.

What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exuberance. There are periods of booms, bubbles, and manias. These things, if left to themselves, can lead to crashes, to busts, to panics.

It's important for the Fed, hard as it is, to attempt to detect asset bubbles while they're forming.

Every serious deflation I've looked at is preceded by an asset bubble, and then it bursts.

Dead-low interest rates are great for stocks. They don't run up, they creep up.

When 40 billion of treasury bills are sold like, seven day treasury bills, at a yield of 1/20th of one percent, that means the whole country is basically at the point virtually, or a lot of the country is at the point of putting the money under the mattress.

When money is free, the rational lender will keep on lending until there is no one else to lend to.

It was probably a mistake to allow gold to rise so high.

What is uncertain is how much further the bubble can expand, and what might pop it.

Volatility is a symptom that people have no idea of the underlying value.

Nobody likes high interest rates.

The lack of a consistent policy from major economies is the main source of volatility.

Real short- and long-term rates were relatively high in the late-1990s, so financial excess can also arise without a low-rate environment.

Whenever global economy is reasonably doing well, the investment flows.

Higher asset prices increase wealth and, with a lag, induce higher spending.

It's time to stop pretending negative rates have any redeemable value - besides the ability to stimulate the market for physical safes.

The only thing that I know for sure is that the people who invest in the U.K., those investors, believe strongly that the ramifications of a hard Brexit are very bad, and they believe that a recession will take place in the U.K., and that would clearly be negative for banks of the U.K.

When the former Fed chairman was in, Alan Greenspan was in, there was a saying back in those days that you called the 'Greenspan put.' Any time the treasury secretary - for the Fed chairman - said something, the market saw that as good news, and it took off.

Cheap money feels like the most natural thing in the world - if you don't think about why it's so cheap.