How Karl Popper Figured Out How to Sort of Beat the Market

Karl Popper's philosophy made me more sensitive to the role of misconceptions in financial markets, Soros said decades later. People believe that markets don't lie and shouldn't be trusted, but that isn't true. Soros knew markets react to humans and humans are fallible. He predicted that each would drive the other forward until the trust were so completely overvalued that a crash was inevitable.