159+ Best George Soros Quotes: Exclusive Selection

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.

If you’re searching for inspiring quotes from top CEOs that perfectly capture what you’d like to say or just want to feel inspired yourself, browse through an amazing collection of quotes by John D. Rockefeller, best Jack Ma quotes and greatest Ray Kroc quotes.

Famous George Soros Quotes

Bush’s war in Iraq has done untold damage to the United States. It has impaired our military power and undermined the morale of our armed forces. Our troops were trained to project overwhelming power. They were not trained for occupation duties. – George Soros

I’m not doing my philanthropic work, out of any kind of guilt, or any need to create good public relations. I’m doing it because I can afford to do it, and I believe in it. – George Soros

I’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity. – George Soros

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 lose when you’re wrong. – George Soros

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. – 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 I don’t have much personal use for money. – George Soros

The generally accepted view is that markets are always right — that is, market prices tend to discount future developments accurately even when it is unclear what those developments are. I start with the opposite view. I believe the market prices are always wrong in the sense that they present a biased view of the future. – George Soros

As an anonymous participant in financial markets, I never had to weigh the social consequences of my actions … I felt justified in ignoring them on the grounds that I was playing by the rules. – George Soros

The scope for improvement is infinite, precisely because perfection is unattainable. – George Soros

The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong. – George Soros

American supremacy is the greatest threat to the world today. – George Soros

The financial markets play an active role in determining what’s going to happen, how the economy is going to function. – George Soros

Markets can influence the events that they anticipate. – George Soros

Mankind’s ability to understand and control the forces of nature greatly exceeds our ability to govern ourselves – George Soros

Revolutions usually start with enthusiasm and end in tears. – George Soros

I am not well qualified to criticize the theory of rational expectations and the efficient market hypothesis because as a market participant I considered them so unrealistic that I never bothered to study them. – George Soros

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. – 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

America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process. – George Soros

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. – George Soros

My conceptual framework, which basically emphasizes the importance of misconceptions, makes me extremely critical of my own decisions. I know that I am bound to be wrong, and therefore am more likely to correct my own mistakes. – George Soros

Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on. – George Soros

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. – George Soros

The lower interest rates fueled housing and consumption booms in countries such as Spain and Ireland. At the same time, Germany, struggling with the burdens of reunification, tightened its belt and became more competitive. All this led to a wide divergence in economic performance. Europe became divided into creditor and debtor countries. – 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

Who most benefits from keeping marijuana illegal? The greatest beneficiaries are the major criminal organizations in Mexico and elsewhere that earn billions of dollars annually from this illicit trade – and who would rapidly lose their competitive advantage if marijuana were a legal commodity. – George Soros

The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime. – George Soros

When money is free, the rational lender will keep on lending until there is no one else to lend to. – George Soros

The laissez-faire argument relies on the same tacit appeal to perfection as does communism. – George Soros

The global crisis is caused by pathologies inherent in the global financial system itself. – George Soros

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

In politics, manipulating reality can take presidence over finding reality. – George Soros

Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. – George Soros

Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated. – George Soros

I don’t panic. The same thing applies to me as to everybody else, so I’m given to euphoria and despair. And I would say that I basically have survived by recognizing my mistakes. – George Soros

My sense of insecurity keeps me alert, always ready to correct my errors. – George Soros

Increase your bets when you are confident and scale down your positions when you don’t have conviction. – George Soros

My approach works not by making valid predictions but by allowing me to correct false ones. – George Soros

I’m only rich because I know when I’m wrong. – George Soros

Every bubble has two components: something – some real trend, and a misconception about that trend. – 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 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 making money. – George Soros

The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium. – George Soros

Market prices are always wrong in the sense that they present a biased view of the future. – George Soros

The worse a situation becomes the less it takes to turn it around, the bigger the upside. – George Soros

Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low volatility. – George Soros

The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought. – George Soros

I rely a great deal on animal instincts. – 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

Short term volatility is greatest at turning points and diminishes as a trend becomes established – 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

Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values – George Soros

Money values do not simply mirror the state of affairs in the real world; valuation is a positive act that makes an impact on the course of events. Monetary and real phenomena are connected in a reflexive fashion; that is, they influence each other mutually. The reflexive relationship manifests itself most clearly in the use and abuse of credit. – George Soros

Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception. – George Soros

The main obstacle to a stable and just world order is the United States. – George Soros

The main enemy of the open society, I believe, is no longer the communist but the capitalist threat. – George Soros

There is no point in being confident and having a small position. – George Soros

The sovereignty of states must be subordinated to international law and international institutions. – 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

Discount the obvious, bet on the unexpected – George Soros

To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride. – George Soros

Find the trend whose premise is false, and bet against it. – George Soros

If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring. – George Soros

It is sort of a disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out. – George Soros

To be successful, you need leisure. You need time hanging heavily on your hands. – George Soros

Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited. – George Soros

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: the trend-following crowd is disoriented. – 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

There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit. – George Soros

Once a trend is established it tends to persist and to run it’s full course. – George Soros

Political debate is more interested in manipulating the truth, than finding the truth. – George Soros

Unfortunately, the more complex the system, the greater the room for error. – George Soros

The hardest thing to judge is what level of risk is safe. – George Soros

The criminalization of marijuana did not prevent marijuana from becoming the most widely used illegal substance in the United States and many other countries. But it did result in extensive costs and negative consequences. – George Soros

There is a resurgence of anti-Semitism in Europe. The policies of the Bush administration and the Sharon administration contribute to that. It’s not specifically anti-Semitism, but it does manifest itself in anti-Semitism as well. – George Soros

To my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states. – George Soros

We must recognize that as the dominant power in the world we have a special responsibility. In addition to protecting our national interests, we must take the leadership in protecting the common interests of humanity. – George Soros

Now that I have called you on your false accusation, you are using additional smear tactics. – George Soros

Increasingly, the Chinese will own a lot more of the world because they will be converting their dollar reserves and U.S. government bonds into real assets. – George Soros

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. – George Soros

A full and fair discussion is essential to democracy. – George Soros

Just as the process of repealing national alcohol prohibition began with individual states repealing their own prohibition laws, so individual states must now take the initiative with respect to repealing marijuana prohibition laws. – George Soros

If the terrorists have the sympathy of people, it’s much harder to find them. So we need people on our side, and that leads us to be responsible leaders of the world, show some concern with the problems. – George Soros

Regulating and taxing marijuana would simultaneously save taxpayers billions of dollars in enforcement and incarceration costs, while providing many billions of dollars in revenue annually. – George Soros

A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to. – George Soros

Proposition 19 already is a winner no matter what happens on election day. The mere fact of its being on the ballot has elevated and legitimized public discourse about marijuana and marijuana policy in ways I could not have imagined a year ago. – 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

Well, you know, I was a human being before I became a businessman. – 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 caught in a quagmire. – George Soros

I chose America as my home because I value freedom and democracy, civil liberties and an open society. – George Soros

The people currently in charge have forgotten the first principle of an open society, namely that we may be wrong and that there has to be free discussion. That it’s possible to be opposed to the policies without being unpatriotic. – George Soros

I see tremendous imbalance in the world. A very uneven playing field, which has gotten tilted very badly. I consider it unstable. At the same time, I don’t exactly see what is going to reverse it. – George Soros

President Bush is endangering our safety, hurting our vital interests, and undermining American values. – George Soros

Market fundamentalists recognize that the role of the state in the economy is always disruptive, inefficient, and generally has negative connotations. This leads them to believe that the market mechanism can take care of all the problems. – George Soros

My foundations support people in the country who care about an open society. It’s their work that I’m supporting. So it’s not me doing it. But I can empower them. I can support them, and I can help them. – George Soros

Unrestrained competition can drive people into actions that they would otherwise regret. – 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 underestimate the value of that. But they’re not designed to take care of social needs. – 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

When I had made more money than I needed for myself and my family, I set up a foundation to promote the values and principles of a free and open society. – 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

I would prefer not to be involved in party politics. – George Soros

So, I think what needs to happen is he needs to be removed from power, – George Soros

I hardly knew the man’s name, … He really invented me. He needed me for his political purposes, so I’m a figment of his imagination. – George Soros

I give away something up to $500 million a year throughout the world promoting Open Society. My foundations support people in the country who care about an open society. It’s their work that I’m supporting. So it’s not me doing it. – George Soros

I don’t think you will see the Fed jumping to interest rates, – George Soros

I expect by ’07 there will be a significant decline in U.S. consumer spending, and I don’t see what will take its place, because it’s so important as the motor of the world economy. – George Soros

He is actually doing the right thing for himself because he is preserving himself in power, and he puts himself in a position where he can bail out his cronies who are in financial difficulties, including his son and so on, – George Soros

It is a bizarre thing because I was the only one who was found guilty when the whole of the French establishment was involved, – George Soros

I think the (Brazilian) government has done most of the things it promised to do on the fiscal front, … However, it has mismanaged the process so badly that the currency overshot. – George Soros

I think that it will lead to reforms and I am sure that the region will recover because it has tremendous energy, – George Soros

I think they got the facts wrong. There was no case of insider trading. – George Soros

I think the whole idea of eradicating the drug problem is a false idea, … You can discourage the use of drugs, you can forbid the use of drugs, you can treat people who are addicted to drugs, but you cannot eradicate drugs. Once you accept this point, you may be able to develop a more rational approach to the problem. – George Soros

Over half of all AIDS cases involving children are directly related to unclean syringes, – George Soros

Markets are constantly in a state of uncertainty and flux and money is make by discounting the obvious and betting on the unexpected. – George Soros

I think I lost my touch some time ago. I’m like an aging boxer that should not go into the ring, – George Soros

The absurdity of its illegality has been clear to me for some time. I learned about pot from my kids and realized it was a lot better than Scotch, and I loved the Scotch. Then I went to my doctor, and he said, ‘I’m thrilled. You’re drinking too much. You’re much better off doing pot than drinking.’ – George Soros

Most of the capital (in Indonesia) is in the hands of limited business groups, which don’t feel so secure here. Any slightest risk will cause them take their money to Singapore. – George Soros

We have come to realize that a large hedge fund like Quantum Fund is no longer the best way to manage money, … Markets have become extremely unstable and historical measures of value at risk no longer apply. – George Soros

You have the potential of a breakdown of the entire system if you have a slowdown of economic activity in the center even as inflationary pressures mount, … We’re on the edge of it, yes. – George Soros

This would enable the authority to set a ceiling on the amounts it is willing to insure, – George Soros

This reorganization took place in the full glare of publicity and involved the departure of a large number of employees. Inevitably this gave rise to rumors … but in fact everything went according to plan, – George Soros

This segment has considerable momentum and people are not ready to jump ship as long as prices are rising, – George Soros

but recently we have seen financial markets sometimes move more like a wrecking ball, knocking over one economy after another. – George Soros

Up to those amounts the countries concerned would be able to access international capital markets at prime rates. Beyond these, the creditors would have to beware. – George Soros

As the housing boom cools off, there will be a shortfall in demand (which will) affect the global economy. – George Soros

Something really is broken in the international financial architecture, … We’re now in the 20th month of financial crisis. Yet this crisis was brewing, it was the most anticipated crisis in recent history. – George Soros

Now, I have not worked out the details, because I don’t think it’s for me to work out the details. It’s for them to work out the details. – George Soros

This asymmetry in the treatment of lenders and borrowers is a major source of instability in the global capitalist system and it needs to be corrected, – George Soros

There’s (a) problem that I think is brewing, and that is the end of the housing boom in the United States and the ability of households to spend more than they earn because the value of their house is rising. – George Soros

It’s a very, very troubling and troublesome development. – George Soros

It sounds like a careful step, not a huge expansion – George Soros

The objective is to provide the best possible management for the assets of my family and foundations that may also be attractive to other investors with similar objectives, and to put into place a structure that will last beyond my lifetime, – George Soros

No, because I’ve got the same courts that found me guilty in the first place. – George Soros

It will require, I think, the release of funds and perhaps even an increased package to bring stability, … Everything that could have been done wrong has been done wrong. – George Soros

I’m very worried about the supply-demand balance, which is very tight. – George Soros

If you have the rule of law, then you’re going to get investment in factories. You have to assure or give a sense of assurance to investors in direct investments that they will be fairly treated and that their property rights are respected. – George Soros

I really want to help people who are hurt. And if I do that, I feel that my money is well-spent, – George Soros

International capital flows must have been at the root of the problem, – George Soros

Clinton has a concrete goal of getting China into the WTO, his near-term agenda is to get China in. – George Soros

because the international banking system must also be at fault. – George Soros

challenge the very concept of the ‘war on terror.’ – George Soros

The US needs a cap and trade system with auctioning of licenses for emissions rights. The revenues from these auctions can be used to launch a new, environmentally friendly energy policy. That would be yet another federal program that could help us to overcome the stagnation. – George Soros

Germans tend to forget now that the euro was largely a Franco-German creation. No country has benefited more from the euro than Germany, both politically and economically. Therefore, what has happened as a result of the introduction of the euro is largely Germany’s its responsibility. – George Soros

My original intention was to spend the money in my lifetime. – George Soros

The more comprehensive and convincing a debt reduction program is, the less likely it is to fail. And remember, just as Germany is grateful to America for the Marshall Plan, Italy would be grateful to Germany for helping it lower its refinancing costs. – George Soros

We in the United States are very often – since we are a democracy and we have national interests, we’ve often made the mistake that a democracy has to adopt America’s interests, and that is a contradiction because a democracy basically is people deciding what their interests are. – George Soros

America felt victorious and generous after World War II. They had also learned from the mistakes after World War I when they imposed punishment on Germany. What became of Germany? A Nazi dictatorship which threatened the world. Today’s Germany doesn’t feel as prosperous and generous as America then. But actually, Germany still is very prosperous. – 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 imagination of the German public, and the German public has accepted it. – George Soros

China could easily emerge as the great winner if the Chinese leaders handle the situation well. On the other hand, they could also turn out to be the biggest losers if they handle it poorly. If the management turns out be wrong, this could lead to a political crisis in China. – George Soros

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 is absurd. – George Soros

Sometimes time actually works against you if you refuse to face the relevant issues and explain to the public what is at stake. – 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 admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction. – George Soros

I have made it a principle to give advice that does not serve my personal interest but rather the common interests. – George Soros

However, you have to recognize that regulations will never be completely successful and they will always be full of holes. You must constantly be ready to fill new holes. Actually regulation should be kept to a minimum, but there has to be some cooperation between market participants and authorities – as was the case in the early postwar years. The Bank of England was a very successful regulator by cooperating with market participants. This cooperative spirit was broken by the market fundamentalists. – George Soros

However, even a strong government can’t perform miracles. It needs money from the taxpayers. – George Soros

I am against market fundamentalism. I think this propaganda that government involvement is always bad has been very successful – but also very harmful to our society. – George Soros

This is the joint responsibility of everyone who was involved in the introduction of the euro without understanding the consequences. When the euro was introduced, the regulators allowed banks to buy unlimited amounts of government bonds without setting aside any equity capital. And the European Central Bank discounted all government bonds on equal terms. So commercial banks found it advantageous to accumulate the bonds of the weaker countries to earn a few extra basis points. – George Soros

If every rich person gave 50 percent of their wealth to charity, I would not say they should pay more taxes. – George Soros

Germany will always do the minimum to preserve the euro. Doing the minimum, though, will perpetuate the situation where the debtor countries in Europe have to pay tremendous premiums to refinance their debt. The result will be a Europe in which Germany is seen as an imperial power that will not be loved and admired by the rest of Europe – but hated and resisted, because it will perceived as an oppressive power. – George Soros

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.