I contend that financial markets never reflect the underlying reality accurately; they always distort it in some way or another and the distortions find expression in market prices. Those distortions can, occasionally, find ways to affect the fundamentals that market prices are supposed to reflect.


The Crash of 2008 and What it Means: The New Paradigm for Financial Markets (ed. PublicAffairs, 2009) - ISBN: 9780786744930

George Soros Quotes

I contend that financial markets never reflect the underlying reality accurately; they always distort it in some way or another and the distortions...

I contend that financial markets never reflect the underlying reality accurately; they always distort it in some way or another and the distortions...

I contend that financial markets never reflect the underlying reality accurately; they always distort it in some way or another and the distortions...

I contend that financial markets never reflect the underlying reality accurately; they always distort it in some way or another and the distortions...