2 minutes
Editorial Invest in Slovakia
Investing is not an exact science, but alchemy. It has its rules and its philosophy - that's what we've focused on this time.
Growth and collapse
Soros says that the market is not an infallible entity. Markets are people, and people are fallible and easily influenced. Yet their behavior is somewhat predictable and repeats itself in cycles that we call boom and bust sequences, that is, growth and collapse.
♂️ Financial alchemy
Consumers' assumptions and expectations cannot be measured scientifically but the choices they make can. They are based precisely on unreliable factors such as feelings, prejudices or assumptions.
✂️ Uses the X factor
According to him, prices in the market are always distorted because market participants are biased and their bias has a direct impact on its development. It doesn't matter if the child has a ghost under the bed or not. It's enough that he believes it's there and his fear is just as real as if it were really there.
Distorted beliefs
produce biased results that further reinforce the overall bias. Soros always contrasts himself with the so-called classical economists, who, in his view, are wrong because he considers the assumptions that form the basis of their economic theories to be false and unfalsifiable.
⚗️ Market bubbles
Soros is very fond of looking for bubbles. If he identifies one before the trend turns, he can ride its burst and the subsequent wave, and make a very profitable profit in the process. Bubbles in the market are natural and must be reckoned with.
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