Quote

Great quote by George Soros:

"Economic history is a never-ending series of episodes based on falsehoods and lies, not truths.  It represents the path to big money.  The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited."  ~ George Soros

As a value investor, I don't think I can agree with the 'ride that trend and step off before it is discredited' part - sounds like the greater fool theory to me.  But world economy strikes me as a farce at times like this.