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I'm only rich because I know when I'm wrong...I basically have survived by recognizing my mistakes.
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
Investors
Basically
Mistakes
Wealth
Mistake
Rich
Wrong
Recognizing
Money
Survived
More quotes by George Soros
My main concern is with the world order
George Soros
Political debate is more interested in manipulating the truth, than finding the truth.
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
The sovereignty of states must be subordinated to international law and international institutions.
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
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
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
I rely a great deal on animal instincts.
George Soros
Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity.
George Soros
I commissioned two political experts to advise me about what I could do to oppose the re-election of President Bush.
George Soros
In politics, manipulating reality can take presidence over finding reality.
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
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
At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But it will also need additional revenues. Should the government not receive them, we will all get punished with higher interest rates.
George Soros
You could adjust the punishment to fit the infraction. Even a small fine would be enough to bring an errant government to heel.
George Soros
My approach works not by making valid predictions but by allowing me to correct false ones.
George Soros
The main obstacle to a stable and just world order is the United States. [This idea] happens to coincide with the prevailing opinion in the world. And I think that's rather shocking for Americans to hear.
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
A full and fair discussion is essential to democracy.
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
