When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate… — George Soros Copy Share Image
Money values do not simply mirror the state of affairs in the real world; valuation is a positive act that makes an… — George Soros Copy Share Image
You need a government that believes in government. It also believes in markets and wants to give markets the best, the greatest… — George Soros Copy Share Image
“My peculiarity is that I don't have a particular style of investing or, more exactly, I try to change my style to… — 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
The main enemy of the open society, I believe, is no longer the communist but the capitalist threat. — 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
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
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
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
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you… — George Soros Copy Share Image
However, you have to recognize that regulations will never be completely successful and they will always be full of holes. You must… — George Soros Copy Share Image
I called gold the ultimate bubble, which means it may go higher. But it’s certainly not safe and it’s not going to… — George Soros Copy Share Image
If we carry this line of argument to its logical conclusion, the meaning of life consists of the flaws in one's conceptions… — George Soros Copy Share Image
We can speak of the triumph of capitalism in the world, but we cannot yet speak about the triumph of democracy. There… — 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
No individual anonymous participant can influence the prices and therefore you really can speculate in the market without paying attention to morality.… — George Soros Copy Share Image
When money is free, the rational lender will keep on lending until there is no one else to lend to. — George Soros Copy Share Image
It is better to have a cat and mouse game where the cat has the upper hand than a cat and mouse… — George Soros Copy Share Image
As an anonymous participant in financial markets, I never had to weigh the social consequences of my actions ... I felt justified… — 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
Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct… — 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
I chose America as my home because I value freedom and democracy, civil liberties and an open society. — 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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
“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 Image