Vladimer Botsvadze quote: “Marketers always outperform salespeople on Linkedin.”

“The prevailing wisdom is that markets are always right. I take the opposition position. I assume that markets are always wrong. Even if my assumption is occasionally wrong, I use it as a working hypothesis.”

George Soros (1930) Hungarian-American business magnate, investor, and philanthropist

Soros on Soros (1995)
Context: The prevailing wisdom is that markets are always right. I take the opposition position. I assume that markets are always wrong. Even if my assumption is occasionally wrong, I use it as a working hypothesis. It does not follow that one should always go against the prevailing trend. On the contrary, most of the time the trend prevails; only occasionally are the errors corrected. It is only on those occasions that one should go against the trend. This line of reasoning leads me to look for the flaw in every investment thesis.... I am ahead of the curve. I watch out for telltale signs that a trend may be exhausted. Then I disengage from the herd and look for a different investment thesis. Or, if I think the trend has been carried to excess, I may probe going against it. Most of the time we are punished if we go against the trend. Only at an inflection point are we rewarded.

“It is untrue that the world market is strictly limited, with the consequence that every advance of one group of traders is at the expense of another group. The world market is indefinitely expansible and is always expanding...”

J.A. Hobson (1858–1940) English economist, social scientist and critic of imperialism

The Morals of Economic Irrationalism (1920), p.11

“The second part of the New Right's policy package has been the belief that free-market solutions are always best. It is this latter view which is profoundly mistaken. Markets and profits are crucial, but the pure free-market model itself is deeply flawed.”

Paul Ormerod book The Death of Economics

Part I, Chapter 3, The Roots of Economic Orthodoxy, p. 65
The Death of Economics (1994)

“Markets will rise and fall, but this is the United States of America. No matter what some agency may say, we've always been and always will be a AAA country.”

Barack Obama (1961) 44th President of the United States of America

On the credit rating agency Standard & Poor's decision to downgrade the USA's credit rating, as quoted in Obama Counsels Calm, but No Deal Is in Sight http://www.nytimes.com/2011/08/09/us/politics/09obama.html", The New York Times (8 August 2011)]
2011, Remarks on the economy (July 2011)

“The free market in ideas has never been free, but always a market. To undo this necessitates not commissars and censors but critical intelligence loyal to an objective notion of truth. If there is a repressive tolerance, then there is also a liberating intolerance.”

Russell Jacoby (1945) American historian

Source: Social Amnesia: A Critique of Conformist Psychology from Adler to Laing (1975), p. xvii

“In a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.”

Matt Taibbi (1970) author and journalist

Source: Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America

“Annette’s communiqué is anodyne; a giggling confession off camera (shower-curtain rain in the background) that the famous Manfred Macx is in Paris for a weekend of clubbing, drugging, and general hell-raising. Oh, and he’s promised to invent three new paradigm shifts before breakfast every day, starting with a way to bring about the creation of Really Existing Communism by building a state central planning apparatus that interfaces perfectly with external market systems and somehow manages to algorithmically outperform the Monte Carlo free-for-all of market economics, solving the calculation problem. Just because he can, because hacking economics is fun, and he wants to hear the screams from the Chicago School.”

Charles Stross book Accelerando

Source: Accelerando (2005), Chapter 2 (“Troubadour”), pp. 57-58

“The truth is sometimes a poor competitor in the market place of ideas – complicated, unsatisfying, full of dilemmas, always vulnerable to misinterpretation and abuse.”

George F. Kennan (1904–2005) American advisor, diplomat, political scientist and historian

“They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being pushed, academic economists were explaining the limitations of markets — for instance, whenever information is imperfect, which is to say always.”

Joseph E. Stiglitz (1943) American economist and professor, born 1943.

"Bleakonomics" http://www.nytimes.com/2007/09/30/books/review/Stiglitz-t.html?_r=2&adxnnl=1&oref=slogin&ref=books&adxnnlx=1191080508-xgqHp+i170M7vW5X5Q4Yeg&oref=slogin The New York Times Sunday Book Review (2007-09-30).

“The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. To widen the market and to narrow the competition, is always the interest of the dealers.”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: (1776), Book I, Chapter XI, Part III, Conclusion of the Chapter, p. 292.

“Marketers always outperform salespeople on Linkedin.”

Related quotes

Related topics