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It is much easier to put existing resources to better use, than to develop resources where they do not exist.

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
Much
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Investing
Develop
Resources
Exist
Easier
Use
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More quotes by George Soros

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Once a trend is established it tends to persist and to run it’s full course.
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The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
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Increase your bets when you are confident and scale down your positions when you don't have conviction.
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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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The ultimate asset bubble is gold.
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There is always a divergence between our perception and what actually exists.
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As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.
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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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Political debate is more interested in manipulating the truth, than finding the truth.
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Well, you know, I was a human being before I became a businessman.
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I think it is natural that every country has to take care of its interests, but there are some interests that are common to all countries. There are some human interests, or we need also international cooperation. We've sometimes confused it with dictation.
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My approach works not by making valid predictions but by allowing me to correct false ones.
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Bush's war in Iraq has done untold damage to the United States. It has impaired our military power and undermined the morale of our armed forces. Our troops were trained to project overwhelming power. They were not trained for occupation duties.
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There is no doubt that the countries that now have a very large debt have not introduced the kind of structural reforms that Germany did and are therefore at a disadvantage. But the problem is that this disadvantage is becoming even more pronounced through the punitive policies in place.
George Soros
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I rely a great deal on animal instincts.
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Market prices are always wrong in the sense that they present a biased view of the future.
George Soros
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I fancied myself as some kind of god or an economic reformer like Keynes
George Soros
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If truth be known, I carried some rather potent messianic fantasies with me from childhood which I felt I had to control, otherwise I might end up in the loony bin. But when I made my way in the world I wanted to indulge myself in my fantasies to the extent that I could afford.
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The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).
George Soros
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The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
George Soros