Find The Trend Whose Premise Is False,

I Am Not Well Qualified To Criticize The Theory Of Rational Expectations And The Efficient Market Hypothesis Because As A Market Participant I Considered Them So Unrealistic That I Never Bothered To Study Them.

We [at Soros Fund Management] Use Options And More Exotic Derivatives Sparingly. We Try To Catch New Trends Early And In Later Stages We Try To Catch Trend Reversals. Therefore, We Tend To Stabilize Rather Than Destabilize The Market. We Are Not Doing This As A Public Service. It Is Our Style Of Making Money.

Of Course, Speculation Will Always Make A Crisis Worse. If There Is A Weak Point, It Will Expose It.

I Don't Use My Money To Gain Political Influence For My Private Interests, Which Is What Many Rich People Do, And What, In A Sense, Market Fundamentalism Does, Because It Is In The Interests Of People Who Have A Lot Of Money To Have As Little Taxes As Possible.

Markets Can Influence The Events That They Anticipate.