Any central bank should only be in charge of liquidity. Solvency is a matter for the treasury. — George Soros Copy Share Image
The global crisis is caused by pathologies inherent in the global financial system itself. — George Soros Copy Share Image
Short term volatility is greatest at turning points and diminishes as a trend becomes established — George Soros Copy Share Image
Taking this view, it is possible to see financial markets as a laboratory for testing hypotheses, albeit not strictly scientific ones. The… — George Soros Copy Share Image
Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. — George Soros Copy Share Image
Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than… — George Soros Copy Share Image
Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you're doomed to do poorly. — George Soros Copy Share Image
The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's… — George Soros Copy Share Image
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a… — George Soros Copy Share Image
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring. — George Soros Copy Share Image
The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium. — George Soros Copy Share Image
Giving government aid to a bank basically transforms it into a utility. The huge salaries in this sector are only a symptom… — George Soros Copy Share Image
The generally accepted theory is that financial markets tend towards equilibrium, and...discount the future correctly. I operate using a different theory, according… — George Soros Copy Share Image
There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you… — George Soros Copy Share Image
There is a well-established conviction that the central banks always do what is necessary to keep the system going and then afterwards… — George Soros Copy Share Image
These public-private partnerships are very, very dangerous. The most rotten part of the financial system in the US consisted of the government… — George Soros Copy Share Image
I contend that financial markets never reflect the underlying reality accurately; they always distort it in some way or another and the… — George Soros Copy Share Image
The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in… — George Soros Copy Share Image
Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. The main difference is that… — George Soros Copy Share Image
In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into… — George Soros Copy Share Image
Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are… — George Soros Copy Share Image
“The prevailing wisdom is that markets are always right. I take the opposition position. I assume that markets are always wrong. Even… — George Soros Copy Share Image
The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong. — George Soros Copy Share Image
Every bubble consists of a trend that can be observed in the real world and a misconception relating to that trend. The… — George Soros Copy Share Image
I put forward a pretty general theory that financial markets are intrinsically unstable. That we really have a false picture when we… — George Soros Copy Share Image
Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices… — George Soros Copy Share Image
When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so:… — George Soros Copy Share Image
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the… — George Soros Copy Share Image
Throughout the 19th century, when there was a laissez-faire mentality and insufficient regulation, you had one crisis after another. Each crisis brought… — George Soros Copy Share Image
Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not… — George Soros Copy Share Image
The trouble with institutional investors is that their performance is usually measured relative to their peer group and not by an absolute… — George Soros Copy Share Image
Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit… — George Soros Copy Share Image
When you sell options, you get paid for assuming risk. That can be a profitable business, but it does not mix well… — George Soros Copy Share Image
The generally accepted view is that markets are always right -- that is, market prices tend to discount future developments accurately even… — George Soros Copy Share Image
We [at Soros Fund Management] use options and more exotic derivatives sparingly. We try to catch new trends early and in later… — George Soros Copy Share Image
Merkel has realized that the euro is not working, but she cannot change the narrative she has created because that narrative has caught the… — George Soros Copy Share
At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But… — George Soros Copy Share
Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't… — George Soros Copy Share
We must not forget; but we must forgive. Suffering often such compassion from the Jewish community. It was Jewish groups in the US who… — George Soros Copy Share
I very often used to get backaches due to the fact that I was wrong. Whenever you are wrong you have to fight or… — George Soros Copy Share
We are the most powerful nation on earth. No external power, no terrorist organization can defeat us. But we can defeat ourselves by getting… — George Soros Copy Share
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected. — George Soros Copy Share
What works for Germany can't work for the rest of Europe: No country can run a chronic surplus without others running deficits. — George Soros Copy Share
If truth be known, I carried some rather potent messianic fantasies with me from childhood which I felt I had to control, otherwise I… — George Soros Copy Share
We [at Soros Fund Management] use options and more exotic derivatives sparingly. We try to catch new trends early and in later stages we… — George Soros Copy Share
“On the abstract level, I have turned the belief in my own fallibility into the cornerstone of an elaborate philosophy. On a personal level,… — George Soros Copy Share
The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and… — George Soros Copy Share
By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds… — George Soros Copy Share
Every bubble has two components: something - some real trend, and a misconception about that trend. — George Soros Copy Share
![“Giving government aid to a bank basically transforms it into a utility. The huge salaries in this sector are only a symptom of a more profound misalignment. The profitability of the finance industry has been excessive. [...] That was absurd.” quote by George Soros](https://sms4smile.com/q/img-quotes/759/george-soros-1593_absurd_giving-government-aid-to-a-bank-basicall_2986926.jpg)
![“We [at Soros Fund Management] use options and more exotic derivatives sparingly. We try to catch new trends early and in later stages we try to catch trend reversals. Therefore, we tend to stabilize rather than destabilize the market. We are not doing this as a public service. It is our style of…” quote by George Soros](https://sms4smile.com/q/img-quotes/f33/george-soros-1593_customer_we-at-soros-fund-management-use-options_113322.jpg)
