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Globalization has rendered the world increasingly interdependent, but international politics is still based on the sovereignty of states.
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
Still
Sovereignty
States
Increasingly
World
Investing
International
Based
Economy
Interdependent
Politics
Rendered
Stills
Globalization
More quotes by George Soros
My approach works not by making valid predictions but by allowing me to correct false ones.
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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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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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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.
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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.
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I rely a great deal on animal instincts.
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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.
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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.
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The worse a situation becomes the less it takes to turn it around, the bigger the upside.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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Well, you know, I was a human being before I became a businessman.
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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.
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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.
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My sense of insecurity keeps me alert, always ready to correct my errors.
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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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Political debate is more interested in manipulating the truth, than finding the truth.
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The hardest thing to judge is what level of risk is safe.
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Esperanto was a very useful language, because wherever you went, you found someone to speak with.
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Find the trend whose premise is false, and bet against it.
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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.
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