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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
Economy
Interdependent
Politics
Rendered
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Globalization
Still
Sovereignty
States
Increasingly
World
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International
Based

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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.
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The sovereignty of states must be subordinated to international law and international institutions.
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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.
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There is always a divergence between our perception and what actually exists.
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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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My sense of insecurity keeps me alert, always ready to correct my errors.
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Studying economics is not a good preparation for dealing with it.
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The key problem is the debt restructuring in the euro zone. As long as the debt burden is not reduced, there is no chance of the weaker EU countries regaining competitiveness.
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I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled Asset Relief Program (TARP) to help banks take toxic assets off their balance sheets. I argued that it would be much better to put the money where the hole was and replenish the equity of the banks themselves.
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Everything adds up to a major crisis. Humanity is faced with a global energy crisis ... The core of the crisis lies in the increasing shortage of oil.
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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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I admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction.
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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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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.
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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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When you sell options, you get paid for assuming risk. That can be a profitable business, but it does not mix well with the risks inherent in a leveraged portfolio.
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Every bubble has two components: something - some real trend, and a misconception about that trend.
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Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail.
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The generally accepted theory is that financial markets tend towards equilibrium, and...discount the future correctly. I operate using a different theory, according to which financial markets cannot possibly discount the future correctly because the do not merely discount the future they help to shape it.
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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.
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