George Soros Quotes

113 Sourced Quotes

It is credit that matters, not money (in other words, monetarism is a false ideology).

George Soros
Before the invasion of Iraq, we could project overwhelming power in any part of the world. We cannot do so any more because we are bogged down in Iraq. Iran and North Korea are moving ahead with their nuclear programs at full speed and our hand in dealing with them has been greatly weakened.

George Soros
We are the dominant power. And that imposes on us a responsibility to be actually concerned with the well being of the world. Because we set the agenda. And there are a lot of problems, including terrorism and weapons of mass destruction, that can only be tackled by collective action. And we ought to be leading that collective action, instead of riding roughshod over other people's opinions and interests.

George Soros
The war in Iraq was misconceived from start to finish — if it has a finish. It is a war of choice, not of necessity, as President Bush claims. It goes without saying that Saddam was a tyrant, and it is good to be rid of him. But in invading Iraq as we did, without a second UN resolution, we violated international law. By mistreating and even torturing prisoners, we violated the Geneva conventions. President Bush has boasted that we do not need a permission slip from the international community, but our disregard for international law has endangered our security, particularly the security of our troops.

George Soros
If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.

George Soros
The development of a global economy has not been matched by the development of a global society. The basic unit for political and social life remains the nation-state. International law and international institutions, insofar as they exist, are not strong enough to prevent war or the large-scale abuse of human rights in individual countries. Ecological threats are not adequately dealt with. Global financial markets are largely beyond the control of national or international authorities.

George Soros
Studying economics is not a good preparation for dealing with it.

George Soros
Every bubble consists of a trend that can be observed in the real world and a misconception relating to that trend. The two elements interact with each other in a reflexive manner.

George Soros
As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.

George Soros
I have devoted half my fortune and most of my energies in the last 15 years to promoting the values of democracy and open society all over the world, especially in the former Soviet Empire. After 9/11 I came to feel that those principles need to be defended at home.

George Soros
I made two major discoveries in the course of writing: one is a reflexive connection between credit and collateral; the other is a reflexive relationship between regulators and the economies they regulate

George Soros
President Bush has shown that he is incapable of recognizing his mistakes. He insists on making reality conform to his beliefs even at the cost of deceiving himself and deliberately deceiving the public. There is something appealing in the strength of his faith, especially in our troubled time. But the cost is too high. By putting our faith in a President who cannot admit his mistakes we commit ourselves to the wrong policies.

George Soros
The war on terror is an abstraction. But the terrorists are real people and they are not all alike. Most of the people attacking our soldiers in Iraq originally had nothing to do with al Qaeda. They have been generated by the policies of the Bush administration. We have been spared a terrorist attack at home but it is quite a stretch to attribute that to the invasion of Iraq. The insurrection in Iraq, however, is a somber reality and it doesn't make us safer at home. Our security, far from improving as President Bush claims, is deteriorating.

George Soros
It's more difficult, you know, to bring about positive change than it is to make money. It's much easier to make money, because it's a much easier way to measure success — the bottom line. When it comes to social consequences, they've got all different people acting in different ways, very difficult to even have a proper criterion of success. So, it's a difficult task. Why not use an entrepreneurial, rather than a bureaucratic, approach. As long as people genuinely care for the people they're trying to help, they can actually do a lot of good.

George Soros
War and occupation create innocent victims. We count the body bags of American soldiers; there have been more than 1000 in Iraq. The rest of the world also looks at the Iraqis who get killed daily. There have been 15 times more. Some were trying to kill our soldiers; far too many were totally innocent, including many women and children. Every innocent death helps the terrorists' cause by stirring anger against America and bringing them potential recruits.

George Soros
The bureaucratic method of building an integrated Europe has exhausted its potential.

George Soros
I would be lying, however, if I claimed that I could always formulate worthwhile hypotheses on the basis of my theoretical framework. Sometimes there were no reflexive processes to be found; sometimes I failed to find them; and, what was the most painful of all, sometimes I got them wrong. One way or another, I often invested without a worthwhile hypothesis and my activities were not very different from a random walk.

George Soros
The nation is deeply divided and the two camps seem to be talking past each other. John Kerry won all three debates but President Bush invokes his faith and that inspires his followers. In the end, it boils down to a philosophical difference over how to deal with an often confusing and threatening reality.

George Soros
My approach works not by making valid predictions but by allowing me to correct false ones.

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 caught in a quagmire.

George Soros
Faith plays an important role in an open society. Exactly because our understanding is imperfect, we cannot base our decisions on knowledge alone. We need to rely on beliefs, religious or otherwise, to help us make decisions. But we must remain open to the possibility that we may be wrong so that we can correct our mistakes. Otherwise, we are bound to be wrong.

George Soros
Americans, sadly, are now victims who have turned into perpetrators. Indeed, since September 2001, the war on terror has claimed more innocent victims than those terrorist attacks. This fact is unrecognized at home because the victims of the war on terror are not Americans. But the rest of the world does not draw the same distinction, and world opinion has turned against America.

George Soros
It is much easier to put existing resources to better use, than to develop resources where they do not exist.

George Soros
So the euro is here to stay, and the arrangements that evolved in response to the crisis have become established as the new order governing the eurozone. This confirms my worst fears. It's the nightmare I've been talking about. I'm hopeful that the Russian invasion of Crimea may serve as a wake-up call. Germany is the only country in a position to change the prevailing order.

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 I don't have much personal use for money. But I hate to think what would have happened if I hadn't made money: My ideas would not have gotten much play.

George Soros
I'm not doing my philanthropic work, out of any kind of guilt, or any need to create good public relations. I'm doing it because I can afford to do it, and I believe in it.

George Soros
The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).

George Soros
An open society such as ours is based on the recognition that our understanding of reality is inherently imperfect. Nobody is in possession of the ultimate truth. As the philosopher Karl Popper has shown, the ultimate truth is not attainable even in science. All theories are subject to testing and the process of replacing old theories with better ones never ends.

George Soros
Once a trend is established it tends to persist and to run it's full course.

George Soros
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.

George Soros