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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!!
DGIV 0.00Dec 5 4:00 PM EST

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To: chirodoc who wrote (13047)6/14/1998 5:54:00 PM
From: Charliss  Read Replies (2) of 50264
 
For anyone who might be interested in
general market theory....an excerpt from
a speech by the great investor and
humanitarian, George Soros. I have also
provided a link for this speech in its entirety.

"...It may seem strange that a patently false theory should gain such
widespread acceptance, except for one consideration; that is, that all our
theories about social events are distorted in some way or another. And
that is the starting point of my theory, the theory of reflexivity, which
holds that our thinking is inherently biased. Thinking participants cannot
act on the basis of knowledge. Knowledge presupposes facts which occur
independently of the statements which refer to them; but being a
participant implies that one's decisions influence the outcome.
Therefore, the situation participants have to deal with does not consist
of facts independently given but facts which will be shaped by the
decision of the participants. There is an active relationship between
thinking and reality, as well as the passive one which is the only one
recognized by natural science and, by way of a false analogy, also by
economic theory."

gopher://gopher.soros.org:70/00/General_Info/Publications/Speeches/042694_Theory_of_Reflexivity.txt


This is the link to the Soros Foundations Network:

soros.org
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