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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

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George Soros
Age: 94
Born: 1930
Born: August 12
Banker
Business Magnate
Businessman
Economist
Financier
Investor
Philanthropist
Philosopher
Trader
Writer
Buda Pest
György Schwartz
György Soros
Money
Markets
States
Uncertainty
Made
Unexpected
Investing
Constantly
Discounting
Obvious
Traders
Financial
Betting
State
Flux

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Political debate is more interested in manipulating the truth, than finding the truth.
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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.
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I'm only rich because I know when I'm wrong...I basically have survived by recognizing my mistakes.
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The reality is that financial markets are self-destabilizing occasionally they tend toward disequilibrium, not equilibrium.
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The ultimate asset bubble is gold.
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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.
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Increase your bets when you are confident and scale down your positions when you don't have conviction.
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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.
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The pro-Israel lobby has been remarkably successful in suppressing criticism. Politicians challenge it at their peril because of the lobby's ability to influence political contributions.
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There is no doubt that the countries that now have a very large debt have not introduced the kind of structural reforms that Germany did and are therefore at a disadvantage. But the problem is that this disadvantage is becoming even more pronounced through the punitive policies in place.
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The bureaucratic method of building an integrated Europe has exhausted its potential.
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Esperanto was a very useful language, because wherever you went, you found someone to speak with.
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Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
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If the bubbles contain a misconception, as they always do, then it can't be maintained forever.
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Market prices are always wrong in the sense that they present a biased view of the future.
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Financial markets ... resent any kind of government interference but they hold a belief deep down that if conditions get really rough the authorities will step in.
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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.
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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.
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President George W. Bush is endangering the United States and the world's safety while undermining American values.
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If every rich person gave 50 percent of their wealth to charity, I would not say they should pay more taxes.
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