Monday, June 23, 2008

Soros says Superbubble is now Collapsing!

Many thanks to The Wanderer for the heads up on the following article/interview on George Soros. ( Link: http://online.wsj.com/article/SB121400427331093457.html )

  • In his latest book, "The New Paradigm for Financial Markets," he argues a "superbubble" has developed in the past 25 years and it is now collapsing.

And like The Wanderer, I liked the following part very much.

  • WSJ: How is that you are rich despite your world view having been wrong so far?

    Mr. Soros: I'm only rich because I know when I'm wrong.


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