---
title: "20 Financial Quotes By George Soros"
description: "20 Financial quotes by George Soros. Plus more from George Soros and more Financial sayings from other authors."
image: "https://sms4smile.com/quotes/i/5c8/george-soros-1593_authority_financial-markets-resent-any-kind-of-gov_2793892.jpg"
---

> [Financial markets ... resent any kind of government interference but they hold a belief deep down that if conditions get really rough…](https://sms4smile.com/quotes/george-soros/financial-markets-resent-any-kind-of-government-interference-but-they/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/5c8/george-soros-1593_authority_financial-markets-resent-any-kind-of-gov_2793892.jpg)

> [A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a…](https://sms4smile.com/quotes/george-soros/a-lot-of-the-evil-in-the-world-is-actually-not-intentional-a-lot-of/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/738/george-soros-1593_damage_a-lot-of-the-evil-in-the-world-is-actual_1583109.jpg)

> [The financial markets play an active role in determining what's going to happen, how the economy is going to function.](https://sms4smile.com/quotes/george-soros/the-financial-markets-play-an-active-role-in-determining-what-s-going/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/7cb/george-soros-1593_active_the-financial-markets-play-an-active-rol_701995.jpg)

> [The global crisis is caused by pathologies inherent in the global financial system itself.](https://sms4smile.com/quotes/george-soros/the-global-crisis-is-caused-by-pathologies-inherent-in-the-global/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/cae/george-soros-1593_crisis_the-global-crisis-is-caused-by-pathologi_1535234.jpg)

> [The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.](https://sms4smile.com/quotes/george-soros/the-reality-is-that-financial-markets-are-self-destabilizing/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/ff2/george-soros-1593_customer_the-reality-is-that-financial-markets-ar_3126814.jpg)

> [As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and…](https://sms4smile.com/quotes/george-soros/as-i-discovered-there-is-a-great-deal-of-similarity-between-a-boom/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/c06/george-soros-1593_deals_as-i-discovered-there-is-a-great-deal-of_799584.jpg)

> [The dark comes before dawn. The financial markets are under great pressure because of the lack of leadership during the transition period.](https://sms4smile.com/quotes/george-soros/the-dark-comes-before-dawn-the-financial-markets-are-under-great/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/c10/george-soros-1593_dark_the-dark-comes-before-dawn-the-financial_452613.jpg)

> [As an anonymous participant in financial markets, I never had to weigh the social consequences of my actions ... I felt justified…](https://sms4smile.com/quotes/george-soros/as-an-anonymous-participant-in-financial-markets-i-never-had-to-weigh/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/c84/george-soros-1593_action_as-an-anonymous-participant-in-financial_1791918.jpg)

> [I contend that financial markets never reflect the underlying reality accurately; they always distort it in some way or another and the…](https://sms4smile.com/quotes/george-soros/i-contend-that-financial-markets-never-reflect-the-underlying-reality/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/a26/george-soros-1593_distortion_i-contend-that-financial-markets-never-r_1645473.jpg)

> [These public-private partnerships are very, very dangerous. The most rotten part of the financial system in the US consisted of the government…](https://sms4smile.com/quotes/george-soros/these-public-private-partnerships-are-very-very-dangerous-the-most/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/32a/george-soros-1593_crisis_these-public-private-partnerships-are-ve_1829680.jpg)

> [I put forward a pretty general theory that financial markets are intrinsically unstable. That we really have a false picture when we…](https://sms4smile.com/quotes/george-soros/i-put-forward-a-pretty-general-theory-that-financial-markets-are/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/107/george-soros-1593_equilibrium_i-put-forward-a-pretty-general-theory-th_1102399.jpg)

> [Although I have made a fortune in the financial markets, I now fear that the untrammeled intensification of laissez-faire capitalism and the…](https://sms4smile.com/quotes/george-soros/although-i-have-made-a-fortune-in-the-financial-markets-i-now-fear/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/e11/george-soros-1593_areas_although-i-have-made-a-fortune-in-the-fi_2581019.jpg)

> [The only thing that could hurt me is if my success encouraged me to return to my childhood fantasies of omnipotence -…](https://sms4smile.com/quotes/george-soros/the-only-thing-that-could-hurt-me-is-if-my-success-encouraged-me-to/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/129/george-soros-1593_childhood_the-only-thing-that-could-hurt-me-is-if_2005212.jpg)

> [The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's…](https://sms4smile.com/quotes/george-soros/the-financial-markets-generally-are-unpredictable-so-that-one-has-to/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/fb7/george-soros-1593_customer_the-financial-markets-generally-are-unpr_2426219.jpg)

> [Taking this view, it is possible to see financial markets as a laboratory for testing hypotheses, albeit not strictly scientific ones. The…](https://sms4smile.com/quotes/george-soros/taking-this-view-it-is-possible-to-see-financial-markets-as-a/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/814/george-soros-1593_alchemy_taking-this-view-it-is-possible-to-see-f_608414.jpg)

> [The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in…](https://sms4smile.com/quotes/george-soros/the-securitisation-of-mortgages-added-a-new-dimension-of-systemic/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/5b6/george-soros-1593_agency_the-securitisation-of-mortgages-added-a_3064073.jpg)

> [Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are…](https://sms4smile.com/quotes/george-soros/financial-markets-are-supposed-to-swing-like-a-pendulum-they-may/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/956/george-soros-1593_balls_financial-markets-are-supposed-to-swing_1098954.jpg)

> [In 2012, the far-right Golden Dawn won 21 seats in Greece's parliamentary election, the right-wing Jobbik gained ground in my native Hungary,…](https://sms4smile.com/quotes/george-soros/in-2012-the-far-right-golden-dawn-won-21-seats-in-greece-s/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/9d9/george-soros-1593_conclusion_in-2012-the-far-right-golden-dawn-won-21_1003370.jpg)

> [In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into…](https://sms4smile.com/quotes/george-soros/in-certain-circumstances-financial-markets-can-affect-the-so-called/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/366/george-soros-1593_arise_in-certain-circumstances-financial-marke_2771606.jpg)

> [The generally accepted theory is that financial markets tend towards equilibrium, and...discount the future correctly. I operate using a different theory, according…](https://sms4smile.com/quotes/george-soros/the-generally-accepted-theory-is-that-financial-markets-tend-towards/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

[Image](https://sms4smile.com/quotes/i/8d5/george-soros-1593_accepted_the-generally-accepted-theory-is-that-fi_2095253.jpg)

## Other authors on Financial

## More by George Soros

> [Merkel has realized that the euro is not working, but she cannot change the narrative she has created because that narrative has caught the…](https://sms4smile.com/quotes/george-soros/merkel-has-realized-that-the-euro-is-not-working-but-she-cannot/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

> [At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But…](https://sms4smile.com/quotes/george-soros/at-times-of-recession-running-a-budget-deficit-is-highly-desirable/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

> [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…](https://sms4smile.com/quotes/george-soros/markets-are-designed-to-allow-individuals-to-look-after-their-private/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

> [We must not forget; but we must forgive. Suffering often such compassion from the Jewish community. It was Jewish groups in the US who…](https://sms4smile.com/quotes/george-soros/we-must-not-forget-but-we-must-forgive-suffering-often-such/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

> [I very often used to get backaches due to the fact that I was wrong. Whenever you are wrong you have to fight or…](https://sms4smile.com/quotes/george-soros/i-very-often-used-to-get-backaches-due-to-the-fact-that-i-was-wrong/)

[George Soros](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/george-soros/we-are-the-most-powerful-nation-on-earth-no-external-power-no/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

> [Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.](https://sms4smile.com/quotes/george-soros/markets-are-constantly-in-a-state-of-uncertainty-and-flux-and-money/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

> [What works for Germany can't work for the rest of Europe: No country can run a chronic surplus without others running deficits.](https://sms4smile.com/quotes/george-soros/what-works-for-germany-can-t-work-for-the-rest-of-europe-no-country/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

> [If truth be known, I carried some rather potent messianic fantasies with me from childhood which I felt I had to control, otherwise I…](https://sms4smile.com/quotes/george-soros/if-truth-be-known-i-carried-some-rather-potent-messianic-fantasies/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

> [Find the trend whose premise is false, and bet against it.](https://sms4smile.com/quotes/george-soros/find-the-trend-whose-premise-is-false-and-bet-against-it/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

> [ We \[at Soros Fund Management\] use options and more exotic derivatives sparingly. We try to catch new trends early and in later stages we… ](https://sms4smile.com/quotes/george-soros/we-at-soros-fund-management-use-options-and-more-exotic-derivatives/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

> [“On the abstract level, I have turned the belief in my own fallibility into the cornerstone of an elaborate philosophy. On a personal level,…](https://sms4smile.com/quotes/george-soros/on-the-abstract-level-i-have-turned-the-belief-in-my-own-fallibility/)

[George Soros](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/george-soros/the-main-difference-between-me-and-other-people-who-have-amassed-this/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

> [By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds…](https://sms4smile.com/quotes/george-soros/by-creating-the-european-central-bank-the-member-states-exposed-their/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

> [Every bubble has two components: something - some real trend, and a misconception about that trend.](https://sms4smile.com/quotes/george-soros/every-bubble-has-two-components-something-some-real-trend-and-a/)

[George Soros](https://sms4smile.com/quotes/author/george-soros/)

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                        "text": "I contend that financial markets never reflect the underlying reality accurately; they always distort it in some way or another and the distortions find expression in market prices. Those distortions can, occasionally, find ways to affect the fundamentals that market prices are supposed to reflect.",
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                        "text": "These public-private partnerships are very, very dangerous. The most rotten part of the financial system in the US consisted of the government sponsored entities, Fannie Mae and Freddie Mac. They really kicked off this crisis. The state should set the rules and enforce them - but not become involved as a market player.",
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                        "text": "I put forward a pretty general theory that financial markets are intrinsically unstable. That we really have a false picture when we think about markets tending towards equilibrium.",
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                        "text": "Although I have made a fortune in the financial markets, I now fear that the untrammeled intensification of laissez-faire capitalism and the spread of market values into all areas of life is endangering our open and democratic society. The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.",
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                        "text": "The only thing that could hurt me is if my success encouraged me to return to my childhood fantasies of omnipotence - but that is not likely to happen as long as I remain engaged in the financial markets, because they constantly remind me of my limitations.",
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                        "text": "The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.",
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                        "text": "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.",
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                        "text": "The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in fact they were increasing them by creating an agency problem. The agents were more interested in maximising fee income than in protecting the interests of bondholders. That is the verity that was ignored by regulators and market participants alike.",
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                        "text": "Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones. It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.",
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                        "text": "In 2012, the far-right Golden Dawn won 21 seats in Greece's parliamentary election, the right-wing Jobbik gained ground in my native Hungary, and the National Front's Marine Le Pen received strong backing in France's presidential election. Growing support for similar forces across Europe points to an inescapable conclusion: the continent's prolonged financial crisis is creating a crisis of values that is now threatening the European Union itself.",
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                        "text": "In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into a state of dynamic disequilibrium and behave quite differently from what would be considered normal by the theory of efficient markets. Such boom/bust sequences do not arise very often, but when they do, they can be very disruptive, exactly because they affect the fundamentals of the economy.",
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                        "text": "The generally accepted theory is that financial markets tend towards equilibrium, and...discount the future correctly. I operate using a different theory, according to which financial markets cannot possibly discount the future correctly because the do not merely discount the future; they help to shape it.",
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