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
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
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
Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and… — 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
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
As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and… — 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… — 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
I don't use my money to gain political influence for my private interests, which is what many rich people do, and what,… — 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
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
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
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
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
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
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
I am not well qualified to criticize the theory of rational expectations and the efficient market hypothesis because as a market participant… — 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
The world is looking to us for leadership. We have provided it in the past; the main reason why anti-American feelings are… — 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
Regulating and taxing marijuana would simultaneously save taxpayers billions of dollars in enforcement and incarceration costs, while providing many billions of dollars… — George Soros Copy Share Image
If we care about universal principles such as freedom, democracy and the rule of law, we cannot leave them to the care… — 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
Financial markets ... resent any kind of government interference but they hold a belief deep down that if conditions get really rough… — George Soros Copy Share Image
Globalization has rendered the world increasingly interdependent, but international politics is still based on the sovereignty of states. — 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
I am against market fundamentalism. I think this propaganda that government involvement is always bad has been very successful - but also… — 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
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
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
Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject… — George Soros Copy Share Image
A global economy is characterized not only by the free movement of goods and services but, more important, by the free movement… — 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
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
The main obstacle to a stable and just world order is the United States. [This idea] happens to coincide with the prevailing… — George Soros Copy Share Image
The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in… — 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
We are the most powerful nation on earth. No external power, no terrorist organization can defeat us. But we can defeat ourselves… — 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