--- title: "Meaning & Key Takeaway of: Economic history is a never-ending series…" description: "\"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 r..." image: "https://sms4smile.com/quotes/i/0f8/george-soros-1593_bigs_economic-history-is-a-never-ending-serie_1220935.jpg" --- # Economic history is a never-ending series of episodes… ![“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.” quote by George Soros](https://sms4smile.com/quotes/i/0f8/george-soros-1593_bigs_economic-history-is-a-never-ending-serie_1220935.jpg) [Download](https://sms4smile.com/quotes/i/0f8/george-soros-1593_bigs_economic-history-is-a-never-ending-serie_1220935.jpg) [Open image](https://sms4smile.com/quotes/i/0f8/george-soros-1593_bigs_economic-history-is-a-never-ending-serie_1220935.jpg) > “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](https://sms4smile.com/quotes/author/george-soros/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic history is driven by false narratives; spotting and exploiting these trends yields profit. **In simple terms:** Spot false economic narratives to profit. Key Takeaway Identify and act on false trends. Themes finance critical thinking strategy Mood skeptical analytical Type financial strategic When to use this quote - investment - risk management - trend analysis - policy evaluation Key Concepts market cycles behavioral economics Questions to Reflect On - What indicators reveal a false market narrative? - How can you balance profit with responsibility? A Different Perspective Relying on false premises can lead to ethical and financial risks. ★ ★ ★ ★ ★ No ratings yet [Based Falsehoods](https://sms4smile.com/quotes/about/based-falsehoods-3738311/) [Bigs](https://sms4smile.com/quotes/about/bigs/) [Economic](https://sms4smile.com/quotes/about/economic/) [Economic history](https://sms4smile.com/quotes/about/economic-history/) [Episodes](https://sms4smile.com/quotes/about/episodes/) [Falsehood](https://sms4smile.com/quotes/about/falsehood/) [Falsehoods](https://sms4smile.com/quotes/about/falsehoods/) [Falsehoods Lies](https://sms4smile.com/quotes/about/falsehoods-lies-3738312/) [History](https://sms4smile.com/quotes/about/history/) [Lying](https://sms4smile.com/quotes/about/lying/) [Money](https://sms4smile.com/quotes/about/money/) [Never ending](https://sms4smile.com/quotes/about/never-ending/) [Objects](https://sms4smile.com/quotes/about/objects/) [Path](https://sms4smile.com/quotes/about/path/) [Premises](https://sms4smile.com/quotes/about/premises/) [Series](https://sms4smile.com/quotes/about/series/) [Steps](https://sms4smile.com/quotes/about/steps/) [Trend Premise](https://sms4smile.com/quotes/about/trend-premise-1295546/) [Trends](https://sms4smile.com/quotes/about/trends/) [Truth](https://sms4smile.com/quotes/about/truth/) ## Related quotes > [Find the trend whose premise is false, and bet against it.](https://sms4smile.com/quotes/george-soros/find-the-trend-whose-premise-is-false-and-bet-against-it/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [The fact that you couldn't see Alfred Hitchcock's first film The Mountain Eagle, or that you couldn't see so many of F.W. Murnau's masterpieces,…](https://sms4smile.com/quotes/guy-maddin/the-fact-that-you-couldn-t-see-alfred-hitchcock-s-first-film-the/) [Guy Maddin](https://sms4smile.com/quotes/author/guy-maddin/) > [“Most economic histories of the "world" not only omit most extra-European production and exchange (even most of that outside West Europe or even northwest…](https://sms4smile.com/quotes/andr-gunder-frank/most-economic-histories-of-the-world-not-only-omit-most-extra/) [André Gunder Frank](https://sms4smile.com/quotes/author/andr-gunder-frank/) > [All other forms of history - economic history, social history, psychological history, above all sociology - seem to me history with the history left…](https://sms4smile.com/quotes/a-j-p-taylor/all-other-forms-of-history-economic-history-social-history/) [A. J. P. Taylor](https://sms4smile.com/quotes/author/a-j-p-taylor/) > [Almost everybody today believes that nothing in economic history has ever moved as fast as, or had a greater impact than, the Information Revolution.…](https://sms4smile.com/quotes/peter-drucker/almost-everybody-today-believes-that-nothing-in-economic-history-has/) [Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/) > [The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a…](https://sms4smile.com/quotes/ludwig-von-mises/the-characteristic-mark-of-economic-history-under-capitalism-is/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [The American businessmen, as a class, have demonstrated the greatest productive genius and the most spectacular achievements ever recorded in the economic history of…](https://sms4smile.com/quotes/ayn-rand/the-american-businessmen-as-a-class-have-demonstrated-the-greatest/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [The defining moment in American economic history is when Bill Clinton lobbied to get China into the World Trade Organization. It was the worst…](https://sms4smile.com/quotes/peter-navarro/the-defining-moment-in-american-economic-history-is-when-bill-clinton/) [Peter Navarro](https://sms4smile.com/quotes/author/peter-navarro/) > [“For the first time in economic history, we face an inversion with no obvious landing place. We are the generation that will live through…](https://sms4smile.com/quotes/emad-mostaque/for-the-first-time-in-economic-history-we-face-an-inversion-with-no/) [Emad Mostaque](https://sms4smile.com/quotes/author/emad-mostaque/) > [The best chapters in our economic history are those that embrace the many, not the few.](https://sms4smile.com/quotes/david-cameron/the-best-chapters-in-our-economic-history-are-those-that-embrace-the/) [David Cameron](https://sms4smile.com/quotes/author/david-cameron/) > [Economic history is the most fundamental branch of history; not the most important. Foundations exist to carry better things.](https://sms4smile.com/quotes/john-clapham/economic-history-is-the-most-fundamental-branch-of-history-not-the/) [John Clapham](https://sms4smile.com/quotes/author/john-clapham/) > [You might say that economic history is the history of people learning to manage risk.](https://sms4smile.com/quotes/james-surowiecki/you-might-say-that-economic-history-is-the-history-of-people-learning/) [James Surowiecki](https://sms4smile.com/quotes/author/james-surowiecki/) > [Financiers are great mythomaniacs, their explanations and superstitions are those of primitive men; the world is a jungle to them.They perceive acutely that they…](https://sms4smile.com/quotes/christina-stead/financiers-are-great-mythomaniacs-their-explanations-and/) [Christina Stead](https://sms4smile.com/quotes/author/christina-stead/) > [I'm someone who can create critiques of individuals based on their economic history. That's one way I look at people in terms of one…](https://sms4smile.com/quotes/ira-sachs/i-m-someone-who-can-create-critiques-of-individuals-based-on-their/) [Ira Sachs](https://sms4smile.com/quotes/author/ira-sachs/) > [“The emergence of China is the most dramatic event in economic history. We are living in an age of convergence no less dramatic than…](https://sms4smile.com/quotes/edward-luce/the-emergence-of-china-is-the-most-dramatic-event-in-economic-history/) [Edward Luce](https://sms4smile.com/quotes/author/edward-luce/) ## More by George Soros > [Merkel has realized that the euro is not working, but she cannot change the narrative she has created because that narrative has caught the…](https://sms4smile.com/quotes/george-soros/merkel-has-realized-that-the-euro-is-not-working-but-she-cannot/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But…](https://sms4smile.com/quotes/george-soros/at-times-of-recession-running-a-budget-deficit-is-highly-desirable/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't…](https://sms4smile.com/quotes/george-soros/markets-are-designed-to-allow-individuals-to-look-after-their-private/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [We must not forget; but we must forgive. Suffering often such compassion from the Jewish community. It was Jewish groups in the US who…](https://sms4smile.com/quotes/george-soros/we-must-not-forget-but-we-must-forgive-suffering-often-such/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [I very often used to get backaches due to the fact that I was wrong. 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But we can defeat ourselves by getting…](https://sms4smile.com/quotes/george-soros/we-are-the-most-powerful-nation-on-earth-no-external-power-no/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.](https://sms4smile.com/quotes/george-soros/markets-are-constantly-in-a-state-of-uncertainty-and-flux-and-money/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [What works for Germany can't work for the rest of Europe: No country can run a chronic surplus without others running deficits.](https://sms4smile.com/quotes/george-soros/what-works-for-germany-can-t-work-for-the-rest-of-europe-no-country/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [If truth be known, I carried some rather potent messianic fantasies with me from childhood which I felt I had to control, otherwise I…](https://sms4smile.com/quotes/george-soros/if-truth-be-known-i-carried-some-rather-potent-messianic-fantasies/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [Find the trend whose premise is false, and bet against it.](https://sms4smile.com/quotes/george-soros/find-the-trend-whose-premise-is-false-and-bet-against-it/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [ We \[at Soros Fund Management\] use options and more exotic derivatives sparingly. We try to catch new trends early and in later stages we… ](https://sms4smile.com/quotes/george-soros/we-at-soros-fund-management-use-options-and-more-exotic-derivatives/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [“On the abstract level, I have turned the belief in my own fallibility into the cornerstone of an elaborate philosophy. On a personal level,…](https://sms4smile.com/quotes/george-soros/on-the-abstract-level-i-have-turned-the-belief-in-my-own-fallibility/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and…](https://sms4smile.com/quotes/george-soros/the-main-difference-between-me-and-other-people-who-have-amassed-this/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. 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Now the hardest part about the…](https://sms4smile.com/quotes/kim-alexis/the-biggest-change-for-me-as-a-mom-was-realizing-i-needed-to-put/) [Kim Alexis](https://sms4smile.com/quotes/author/kim-alexis/) > [I'm a big fan of all the Boston guys that are acting - Matt Damon , Ben Affleck, Mark Wahlberg - they made a…](https://sms4smile.com/quotes/kenny-wormald/i-m-a-big-fan-of-all-the-boston-guys-that-are-acting-matt-damon-ben/) [Kenny Wormald](https://sms4smile.com/quotes/author/kenny-wormald/) > [The only regret I have in my career, is my managers wanted a big payday, and I wanted four or five more fights before…](https://sms4smile.com/quotes/gerry-cooney/the-only-regret-i-have-in-my-career-is-my-managers-wanted-a-big/) [Gerry Cooney](https://sms4smile.com/quotes/author/gerry-cooney/) > [It goes to show you how we in the press so often miss the big stories that are right under our noses. There is…](https://sms4smile.com/quotes/roger-ebert/it-goes-to-show-you-how-we-in-the-press-so-often-miss-the-big-stories/) [Roger Ebert](https://sms4smile.com/quotes/author/roger-ebert/) > [Okay, so I'll admit I'm curious. Big deal. We both know what that leads to. Dead cat.](https://sms4smile.com/quotes/susan-elizabeth-phillips/okay-so-i-ll-admit-i-m-curious-big-deal-we-both-know-what-that-leads/) [Susan Elizabeth Phillips](https://sms4smile.com/quotes/author/susan-elizabeth-phillips/) > [I don't want this to be a distraction. This has been distracting enough. I'm not going to rehash this going forward. I'm sure other…](https://sms4smile.com/quotes/jayson-werth/i-don-t-want-this-to-be-a-distraction-this-has-been-distracting/) [Jayson Werth](https://sms4smile.com/quotes/author/jayson-werth/) > [I didn't get how big it was until I went home, turned on the television and saw it on all the news, and later…](https://sms4smile.com/quotes/paul-simon/i-didn-t-get-how-big-it-was-until-i-went-home-turned-on-the/) [Paul Simon](https://sms4smile.com/quotes/author/paul-simon/) > [It’s a small thing to help one animal, but to that one animal it’s a big thing](https://sms4smile.com/quotes/gene-baur/it-s-a-small-thing-to-help-one-animal-but-to-that-one-animal-it-s-a/) [Gene Baur](https://sms4smile.com/quotes/author/gene-baur/) > [Since I was a little child, my nose - I think it's too big.](https://sms4smile.com/quotes/celine-dion/since-i-was-a-little-child-my-nose-i-think-it-s-too-big/) [Celine Dion](https://sms4smile.com/quotes/author/celine-dion/) > [People forget that there is a big difference between coercion and persuasion. 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