Soros on Soros: Staying Ahead of the Curve

History is made by the participant's errors, biases and misconceptions.

at other times, the gap is so large that it becomes an important factor in determining the course of events.

The imperfection relates not only to our understanding, but also to the situation in which we participate, the reality we seek to understand.

Reality is a moving target because it is affected by our understanding.

I'm blessed with an extremely poor memory, which allows me to deal with the future rather than the past.

Reflexive processes that become historically significant tend to follow an initially self-reinforcing, but eventually self-defeating, pattern.

Systems do not operate in isolation. Every system has subsystems and is itself part of a larger system called reality. The various systems and subsystems interfere with each other.

Our understanding of the world in which we live in is inherently imperfect. There is always a discrepancy between the participants' views and expectations and the actual state of affairs. Sometimes the discrepancy is so small that it can be disregarded but, at other ties,