George Soros Lecture on Financial Markets, Part 1

George Soros continues his week-long lecture series where he applies the concepts of fallibility, reflexivity and the human uncertainty principle he discussed in the first lecture to the financial markets. He discusses why his interpretation of financial markets is very different from the efficient markets hypothesis. In this first part of the lecture he presents financial markets as the perfect testing ground for his theory of reflexivity. See below for a transcript of the lecture.