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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
Investing
Constantly
Discounting
Obvious
Traders
Financial
Betting
State
Flux
Money
Markets
States
Uncertainty
Made
Unexpected

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The sovereignty of states must be subordinated to international law and international institutions.
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Advocating democracy has, by other people, often been taken as a form of imperialism, and not without some justification. So the important thing in a democracy is that it doesn't necessarily have to agree with what America's interests are, and it doesn't necessarily have to be serving American interests.
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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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The bureaucratic method of building an integrated Europe has exhausted its potential.
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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.
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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.
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As a society we can't live without moral considerations. We do have to protect the public good. And markets are not designed to do that, so we need a political process.
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I fancied myself as some kind of god or an economic reformer like Keynes
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To be successful, you need leisure. You need time hanging heavily on your hands.
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Esperanto was a very useful language, because wherever you went, you found someone to speak with.
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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.
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Find the trend whose premise is false, and bet against it.
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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.
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I have made it a principle to give advice that does not serve my personal interest but rather the common interests.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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Changeless society is characterized by the absense of alternatives.
George Soros
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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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It is better to have a cat and mouse game where the cat has the upper hand than a cat and mouse game where the mice are ruling. Because the latter means that the market participants are given free range. That was actually the big misconception of our national hero Ronald Reagan, who always talked about the magic of the market.
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I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
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Once a trend is established it tends to persist and to run it’s full course.
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