The generally accepted view is that markets are always...

The generally accepted view is that markets are always right — that is, market prices tend to discount future developments accurately even when it is unclear what those developments are. I start with the opposite view. I believe the market prices are always wrong in the sense that they present a biased view of the future.

The Alchemy of Finance: Reading the Mind of the Market (ed. 1994)

George Soros Quotes

The generally accepted view is that markets are always right — that is, market prices tend to discount future developments accurately even when it...

The generally accepted view is that markets are always right — that is, market prices tend to discount future developments accurately even when it...

The generally accepted view is that markets are always right — that is, market prices tend to discount future developments accurately even when it...

The generally accepted view is that markets are always right — that is, market prices tend to discount future developments accurately even when it...