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

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If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.
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The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don't have much personal use for money.
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Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.
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In politics, manipulating reality can take presidence over finding reality.
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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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Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail.
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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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If we carry this line of argument to its logical conclusion, the meaning of life consists of the flaws in one's conceptions and what one does about them. Life can be seen as a fertile fallacy.
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Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low volatility.
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The ultimate asset bubble is gold.
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Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge.
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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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You could adjust the punishment to fit the infraction. Even a small fine would be enough to bring an errant government to heel.
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I'm only rich because I know when I'm wrong.
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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 admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction.
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Of course, speculation will always make a crisis worse. If there is a weak point, it will expose it.
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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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The hardest thing to judge is what level of risk is safe.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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