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A full and fair discussion is essential to democracy.
George Soros
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The truth is, successful investing is a kind of alchemy.
George Soros
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The act of lending can change the value of the collateral
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Misconceptions play a prominent role in my view of the world.
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Studying economics is not a good preparation for dealing with it.
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Well, you know, I was a human being before I became a businessman.
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I fancied myself as some kind of god or an economic reformer like Keynes
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My sense of insecurity keeps me alert, always ready to correct my errors.
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Unfortunately, the more complex the system, the greater the room for error.
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Once a trend is established it tends to persist and to run it's full course.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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The bureaucratic method of building an integrated Europe has exhausted its potential.
George Soros
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It is credit that matters, not money (in other words, monetarism is a false ideology).
George Soros
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The global crisis is caused by pathologies inherent in the global financial system itself.
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My approach works not by making valid predictions but by allowing me to correct false ones.
George Soros
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Short term volatility is greatest at turning points and diminishes as a trend becomes established
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I think you will have to be very, very careful to have the regulations that will protect freedom.
George Soros
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Esperanto was a very useful language, because wherever you went, you found someone to speak with.
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When money is free, the rational lender will keep on lending until there is no one else to lend to.
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I think he's a man of good intentions. I don't doubt it. But I think he's leading us in the wrong direction.
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It is much easier to put existing resources to better use, than to develop resources where they do not exist.
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Mankind's ability to understand and control the forces of nature greatly exceeds our ability to govern ourselves
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Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail.
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If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
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The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
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My peculiarity is that I don't have a particular style of investing or, more exactly, I try to change my style to fit the conditions.
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Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
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The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).
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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
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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
Quote of the day
Wars and elections are both too big and too small to matter in the long run. The daily work—that goes on, it adds up.
Barbara Kingsolver
George Soros
Creative Commons
Born:
August 12, 1930
(age 94)
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