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
Changeless society is characterized by the absense of alternatives.
Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on.
Increase your bets when you are confident and scale down your positions when you don't have conviction.
To be successful, you need leisure. You need time hanging heavily on your hands.
I don't panic. The same thing applies to me as to everybody else, so I'm given to euphoria and despair. And I would say that I basically have survived by recognizing my mistakes.
I'm only rich because I know when I'm wrong.
Discount the obvious, bet on the unexpected
I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
As an anonymous participant in financial markets, I never had to weigh the social consequences of my actions ... I felt justified in ignoring them on the grounds that I was playing by the rules.
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.
The dark comes before dawn. The financial markets are under great pressure because of the lack of leadership during the transition period.
The scope for improvement is infinite, precisely because perfection is unattainable.
Taking this view, it is possible to see financial markets as a laboratory for testing hypotheses, albeit not strictly scientific ones. The truth is, successful investing is a kind of alchemy.
Regulating and taxing marijuana would simultaneously save taxpayers billions of dollars in enforcement and incarceration costs, while providing many billions of dollars in revenue annually.