--- title: "Meaning & Key Takeaway of: Market prices are always wrong in the…" description: "\"Market prices are always wrong in the sense that they present a biased view of the future.\" — George Soros" image: "https://sms4smile.com/quotes/i/9f0/george-soros-1593_always-wrong_market-prices-are-always-wrong-in-the-se_2970582.jpg" --- # Market prices are always wrong in the sense that they… ![“Market prices are always wrong in the sense that they present a biased view of the future.” quote by George Soros](https://sms4smile.com/quotes/i/9f0/george-soros-1593_always-wrong_market-prices-are-always-wrong-in-the-se_2970582.jpg) [Download](https://sms4smile.com/quotes/i/9f0/george-soros-1593_always-wrong_market-prices-are-always-wrong-in-the-se_2970582.jpg) [Open image](https://sms4smile.com/quotes/i/9f0/george-soros-1593_always-wrong_market-prices-are-always-wrong-in-the-se_2970582.jpg) > “Market prices are always wrong in the sense that they present a biased view of the future.” [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. Market prices reflect collective bias, not objective truth. **In simple terms:** Prices are biased forecasts. Key Takeaway Question market signals critically. Themes finance bias forecasting uncertainty Mood analytical skeptical Type analytical philosophical When to use this quote - investment strategy - policy analysis - risk assessment Key Concepts behavioral economics information asymmetry Questions to Reflect On - How do you identify bias in price signals? - What alternatives exist to price forecasts? A Different Perspective Bias can lead to overconfidence. ★ ★ ★ ★ ★ No ratings yet [Always wrong](https://sms4smile.com/quotes/about/always-wrong/) [Inspirational](https://sms4smile.com/quotes/about/inspirational/) [Investing](https://sms4smile.com/quotes/about/investing/) [Love](https://sms4smile.com/quotes/about/love/) [Time](https://sms4smile.com/quotes/about/time/) ## Related quotes > [The generally accepted view is that markets are always right -- that is, market prices tend to discount future developments accurately even when it…](https://sms4smile.com/quotes/george-soros/the-generally-accepted-view-is-that-markets-are-always-right-that-is/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [Market prices are always wrong.](https://sms4smile.com/quotes/george-soros/market-prices-are-always-wrong/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [There is a complete difference between art and the art market. Prices are high now for the simple reason that there are people are…](https://sms4smile.com/quotes/michael-craig-martin/there-is-a-complete-difference-between-art-and-the-art-market-prices/) [Michael Craig-Martin](https://sms4smile.com/quotes/author/michael-craig-martin/) > [“Analyzing prices is not wrong. However, picking inflated prices as your only source of information is terrible.”](https://sms4smile.com/quotes/naved-abdali/analyzing-prices-is-not-wrong-however-picking-inflated-prices-as-your/) [Naved Abdali](https://sms4smile.com/quotes/author/naved-abdali/) > [Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you're doomed to do poorly.](https://sms4smile.com/quotes/george-soros/start-by-assuming-the-market-is-always-wrong-so-if-you-copy-everybody/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.](https://sms4smile.com/quotes/george-soros/the-prevailing-wisdom-is-that-markets-are-always-right-i-take-the-2/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [Without the instruments and accumulated knowledge of the natural sciences... humans are trapped in a cognitive prison. They are like intelligent fish born in…](https://sms4smile.com/quotes/e-o-wilson/without-the-instruments-and-accumulated-knowledge-of-the-natural/) [E. O. Wilson](https://sms4smile.com/quotes/author/e-o-wilson/) > [She didn't give George any too easy a time when she was alive. She was one of those semi-invalids – I believe she had…](https://sms4smile.com/quotes/agatha-christie/she-didn-t-give-george-any-too-easy-a-time-when-she-was-alive-she-was/) [Agatha Christie](https://sms4smile.com/quotes/author/agatha-christie/) > [Power is the pivot on which everything hinges. He who has the power is always right; the weaker is always wrong.](https://sms4smile.com/quotes/niccolo-machiavelli/power-is-the-pivot-on-which-everything-hinges-he-who-has-the-power-is/) [Niccolo Machiavelli](https://sms4smile.com/quotes/author/niccolo-machiavelli/) > [you may take it from me, that however hard you try - or don't try; whatever you do - or don't do; for better,…](https://sms4smile.com/quotes/gwen-raverat/you-may-take-it-from-me-that-however-hard-you-try-or-don-t-try/) [Gwen Raverat](https://sms4smile.com/quotes/author/gwen-raverat/) > [Since the majority is always wrong, might we try one election day where all the losers take office?](https://sms4smile.com/quotes/robert-breault/since-the-majority-is-always-wrong-might-we-try-one-election-day/) [Robert Breault](https://sms4smile.com/quotes/author/robert-breault/) > [Apparently, an undocumented side effect of dope is a gross overestimation of one's own intelligence. Dopers become convinced they've hidden their stash so well…](https://sms4smile.com/quotes/alafair-burke/apparently-an-undocumented-side-effect-of-dope-is-a-gross/) [Alafair Burke](https://sms4smile.com/quotes/author/alafair-burke/) > [Grasshopper always wrong in argument with chicken.](https://sms4smile.com/quotes/bertrand-russell/grasshopper-always-wrong-in-argument-with-chicken/) [Bertrand Russell](https://sms4smile.com/quotes/author/bertrand-russell/) > [Pay no heed to the passing religious vogue. Go back to the grass roots. Open your hearts and search the Scriptures. Bear your cross,…](https://sms4smile.com/quotes/aiden-wilson-tozer/pay-no-heed-to-the-passing-religious-vogue-go-back-to-the-grass-roots/) [Aiden Wilson Tozer](https://sms4smile.com/quotes/author/aiden-wilson-tozer/) > [People who try to predict the future by extrapolating in a line of more of what exists - they are always wrong.](https://sms4smile.com/quotes/jane-jacobs/people-who-try-to-predict-the-future-by-extrapolating-in-a-line-of/) [Jane Jacobs](https://sms4smile.com/quotes/author/jane-jacobs/) ## 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. Whenever you are wrong you have to fight or…](https://sms4smile.com/quotes/george-soros/i-very-often-used-to-get-backaches-due-to-the-fact-that-i-was-wrong/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [We are the most powerful nation on earth. No external power, no terrorist organization can defeat us. 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. Developed countries that issue bonds…](https://sms4smile.com/quotes/george-soros/by-creating-the-european-central-bank-the-member-states-exposed-their/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [Every bubble has two components: something - some real trend, and a misconception about that trend.](https://sms4smile.com/quotes/george-soros/every-bubble-has-two-components-something-some-real-trend-and-a/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) [Explore all 225 George Soros quotes ](https://sms4smile.com/quotes/author/george-soros/) ## More Always wrong quotes > [People who try to predict the future by extrapolating in a line of more of what exists - they are always wrong.](https://sms4smile.com/quotes/jane-jacobs/people-who-try-to-predict-the-future-by-extrapolating-in-a-line-of/) [Jane Jacobs](https://sms4smile.com/quotes/author/jane-jacobs/) > [Pay no heed to the passing religious vogue. Go back to the grass roots. Open your hearts and search the Scriptures. Bear your cross,…](https://sms4smile.com/quotes/aiden-wilson-tozer/pay-no-heed-to-the-passing-religious-vogue-go-back-to-the-grass-roots/) [Aiden Wilson Tozer](https://sms4smile.com/quotes/author/aiden-wilson-tozer/) > [Grasshopper always wrong in argument with chicken.](https://sms4smile.com/quotes/bertrand-russell/grasshopper-always-wrong-in-argument-with-chicken/) [Bertrand Russell](https://sms4smile.com/quotes/author/bertrand-russell/) > [Apparently, an undocumented side effect of dope is a gross overestimation of one's own intelligence. Dopers become convinced they've hidden their stash so well…](https://sms4smile.com/quotes/alafair-burke/apparently-an-undocumented-side-effect-of-dope-is-a-gross/) [Alafair Burke](https://sms4smile.com/quotes/author/alafair-burke/) > [Since the majority is always wrong, might we try one election day where all the losers take office?](https://sms4smile.com/quotes/robert-breault/since-the-majority-is-always-wrong-might-we-try-one-election-day/) [Robert Breault](https://sms4smile.com/quotes/author/robert-breault/) > [you may take it from me, that however hard you try - or don't try; whatever you do - or don't do; for better,…](https://sms4smile.com/quotes/gwen-raverat/you-may-take-it-from-me-that-however-hard-you-try-or-don-t-try/) [Gwen Raverat](https://sms4smile.com/quotes/author/gwen-raverat/) > [Power is the pivot on which everything hinges. He who has the power is always right; the weaker is always wrong.](https://sms4smile.com/quotes/niccolo-machiavelli/power-is-the-pivot-on-which-everything-hinges-he-who-has-the-power-is/) [Niccolo Machiavelli](https://sms4smile.com/quotes/author/niccolo-machiavelli/) > [She didn't give George any too easy a time when she was alive. She was one of those semi-invalids – I believe she had…](https://sms4smile.com/quotes/agatha-christie/she-didn-t-give-george-any-too-easy-a-time-when-she-was-alive-she-was/) [Agatha Christie](https://sms4smile.com/quotes/author/agatha-christie/) > [Without the instruments and accumulated knowledge of the natural sciences... humans are trapped in a cognitive prison. They are like intelligent fish born in…](https://sms4smile.com/quotes/e-o-wilson/without-the-instruments-and-accumulated-knowledge-of-the-natural/) [E. O. Wilson](https://sms4smile.com/quotes/author/e-o-wilson/) > [Torturing a human being is almost always wrong, but it is not absolutely wrong.](https://sms4smile.com/quotes/peter-singer/torturing-a-human-being-is-almost-always-wrong-but-it-is-not/) [Peter Singer](https://sms4smile.com/quotes/author/peter-singer/) > [People recognize me from everything and as soon as I think I know where they know me from, I'm always wrong.](https://sms4smile.com/quotes/niecy-nash/people-recognize-me-from-everything-and-as-soon-as-i-think-i-know/) [Niecy Nash](https://sms4smile.com/quotes/author/niecy-nash/) > [Socialism is always wrong.](https://sms4smile.com/quotes/george-ayittey/socialism-is-always-wrong/) [George Ayittey](https://sms4smile.com/quotes/author/george-ayittey/) > [So, economics should emulate physics' basic ethos, but its search for precision in physics-like formulas is almost always wrong in economics.](https://sms4smile.com/quotes/charlie-munger/so-economics-should-emulate-physics-basic-ethos-but-its-search-for/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I have taken the stand that nobody can be always wrong, but it does seem to me that I have approximated so highly that…](https://sms4smile.com/quotes/charles-fort/i-have-taken-the-stand-that-nobody-can-be-always-wrong-but-it-does/) [Charles Fort](https://sms4smile.com/quotes/author/charles-fort/) > [Don't make decisions by majority vote. The majority is almost always wrong.](https://sms4smile.com/quotes/adrian-rogers/don-t-make-decisions-by-majority-vote-the-majority-is-almost-always/) [Adrian Rogers](https://sms4smile.com/quotes/author/adrian-rogers/) [Browse all 71 Always wrong quotes ](https://sms4smile.com/quotes/about/always-wrong/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Market prices are always wrong in the sense that they present a biased view of the future.", "creator": { "@type": "Person", "name": "George Soros" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/george-soros/market-prices-are-always-wrong-in-the-sense-that-they-present-a/", "about": { "@type": "Thing", "name": "Always wrong" }, "@id": "https://sms4smile.com/quotes/george-soros/market-prices-are-always-wrong-in-the-sense-that-they-present-a/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/9f0/george-soros-1593_always-wrong_market-prices-are-always-wrong-in-the-se_2970582.jpg", "contentUrl": "https://sms4smile.com/quotes/i/9f0/george-soros-1593_always-wrong_market-prices-are-always-wrong-in-the-se_2970582.jpg", "url": "https://sms4smile.com/quotes/i/9f0/george-soros-1593_always-wrong_market-prices-are-always-wrong-in-the-se_2970582.jpg", "width": 1080, "height": 1080, "caption": "“Market prices are always wrong in the sense that they present a biased view of the future.” — George Soros", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "George Soros", "item": "https://sms4smile.com/quotes/author/george-soros/" }, { "@type": "ListItem", "position": 4, "name": "Market prices are always wrong in...", "item": "https://sms4smile.com/quotes/george-soros/market-prices-are-always-wrong-in-the-sense-that-they-present-a/" } ], "@id": "https://sms4smile.com/quotes/george-soros/market-prices-are-always-wrong-in-the-sense-that-they-present-a/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```