George Soros
George Soros
George Sorosis a Hungarian-American business magnate, investor, philanthropist, political activist and author who is of Hungarian-Jewish ancestry and holds dual citizenship. He is chairman of Soros Fund Management. He is known as "The Man Who Broke the Bank of England" because of his short sale of US$10 billion worth of pounds, making him a profit of $1 billion during the 1992 Black Wednesday UK currency crisis. Soros is one of the 30 richest people in the world...
NationalityHungarian
ProfessionEntrepreneur
Date of Birth12 August 1930
CityBudapest, Hungary
George Soros quotes about
I think they got the facts wrong. There was no case of insider trading.
You have the potential of a breakdown of the entire system if you have a slowdown of economic activity in the center even as inflationary pressures mount, ... We're on the edge of it, yes.
Increasingly, the Chinese will own a lot more of the world because they will be converting their dollar reserves and U.S. government bonds into real assets.
Throughout the 19th century, when there was a laissez-faire mentality and insufficient regulation, you had one crisis after another. Each crisis brought about some reform. That is how central banking developed.
I see tremendous imbalance in the world. A very uneven playing field, which has gotten tilted very badly. I consider it unstable. At the same time, I don't exactly see what is going to reverse it.
Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
My approach works not by making valid predictions but by allowing me to correct false ones.
There is no point in being confident and having a small position.
There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.
Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you're doomed to do poorly.
To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
Democracy, by its very nature, can't be imposed on people. Democracy has to be the people deciding for themselves.
Studying economics is not a good preparation for dealing with it.
Advocating democracy has, by other people, often been taken as a form of imperialism, and not without some justification. So the important thing in a democracy is that it doesn't necessarily have to agree with what America's interests are, and it doesn't necessarily have to be serving American interests.