George Soros, Hon FBA is a Hungarian-American investor, philanthropist, and activist whose success as an investor made him one of the wealthiest men in the world. Profoundly inspirational George Soros quotes will challenge the way you think, and help guide you through any life experience.
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Famous George Soros Quotes
The hardest thing to judge is what level of risk is safe George Soros
Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes George Soros
If investing is entertaining, if you’re having fun, you’re probably not making any money Good investing is boring George Soros
We are trying to make the world a better place, but that is not necessarily what we accomplish Many of the problems which preoccupy us are basically insoluble George Soros
When you sell options, you get paid for assuming risk That can be a profitable business, but it does not mix well with the risks inherent in a leveraged portfolio George Soros
The laissez faire argument relies on the same tacit appeal to perfection as does communism George Soros
When interest rates are low, we have conditions for asset bubbles to develop, and they are developing at the moment The ultimate asset bubble is gold George Soros
Any central bank should only be in charge of liquidity Solvency is a matter for the treasury George Soros
The trouble with institutional investors is that their performance is usually measured relative to their peer group and not by an absolute yardstick This makes them trend followers by definition George Soros
Changeless society is characterized by the absense of alternatives George Soros
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 George Soros
Investors operate with limited funds and intelligence, they do not need to know everything As long as they understand something better than others, they have an edge George Soros
Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test The main difference is that the hypothesis that underlies an investment decision is intended to make money and not to establish a universally valid generalization George Soros
There is a well established conviction that the central banks always do what is necessary to keep the system going and then afterwards you then take care of the legal aspects In a crisis, you simply do not have time to think about such concerns for too long George Soros
I called gold the ultimate bubble, which means it may go higher But it’s certainly not safe, and it’s not going to last forever 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 in their own currency never default, because they can always print money Their currency may depreciate, but the risk of default is absent George Soros
I would be lying, however, if I claimed that I could always formulate worthwhile hypotheses on the basis of my theoretical framework Sometimes there were no reflexive processes to be found sometimes I failed to find them; and what was the most painful of all, sometimes I got them wrong. One way or another, I often invested without a worthwhile hypothesis, and my activities were not very different from a random walk George Soros
This crisis has the potential to be a lot worse than Lehman Brothers George Soros
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 George Soros
It’s not whether you’re right or wrong, but how much money you make when you’re right and how much you lose when you’re wrong George Soros
Stock market bubbles don’t grow out of thin air They have a solid basis in reality, but reality is distorted by a misconception George Soros
It’s more difficult, you know, to bring about positive change than it is to make money 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 George Soros
It is much easier to put existing resources to better use than to develop resources where they do not exist George Soros
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 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 George Soros
I think there’s a lot of merit in an international economy and global markets, but they’re not sufficient because markets don’t look after social needs George Soros
In addition to protecting our national interests, we must take the leadership in protecting the common interests of humanity George Soros
The reality is that financial markets are self destabilizing; occasionally they tend toward disequilibrium, not equilibrium George Soros
The war on terror as defined by President Bush is a one dimensional presentation of reality George Soros
Throughout the 19th century, when there was a laissez faire mentality and insufficient regulation, you had one crisis after another Each crisis brought about some reform That is how central banking developed George Soros
Short term volatility is greatest at turning points and diminishes as a trend becomes established George Soros
When money is free, the rational lender will keep on lending until there is no one else to lend to George Soros
We are bereft of the capacity to preserve peace and to counteract the excesses of the financial markets George Soros
A global economy is characterized not only by the free movement of goods and services but, more important, by the free movement of ideas and of capital George Soros
Financial markets constantly anticipate events, both on the positive and on the negative side, which fail to materialize exactly because they have been anticipated George Soros
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 George Soros
If there is any place where the theory of perfect competition ought to be translated into practice, it is in the stock market George Soros
When it comes to social consequences, they’ve got all different people acting in different ways, very difficult to even have a proper criterion of success So, it’s a difficult task George Soros
I contend that market values are always distorted; moreover and this is the crucial departure from equilibrium theory the distortions can affect the underlying values George Soros
I chose America as my home because I value freedom and democracy, civil liberties, and an open society George Soros
But I hate to think what would have happened if I hadn’t made money My ideas would not have gotten much play George Soros
Law has become a business Health care has become a business Unfortunately, politics has also become a business That really undermines society George Soros
It is dangerous to build systemic reforms on a close association with one particular government Systemic reforms need broad public participation and support George Soros
An open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others George Soros
My position is that America is great precisely because it is an open society, and an open society recognizes that nobody is the ultimate arbiter and that we may be wrong at times, even if we are powerful George Soros
