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The reality is that financial markets are self-destabilizing occasionally they tend toward disequilibrium, not equilibrium.

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
Financial
Toward
Reality
Destabilizing
Self
Disequilibrium
Equilibrium
Occasionally
Markets
Tend

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Every bubble has two components: something - some real trend, and a misconception about that trend.
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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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Changeless society is characterized by the absense of alternatives.
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There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.
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Find the trend whose premise is false, and bet against it.
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An open society calls itself open to improvement. It is based on the recognition that people have divergent views and interests, and that nobody is in possession of the ultimate truth.
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Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
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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.
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I rely a great deal on animal instincts.
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America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
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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.
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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 pro-Israel lobby has been remarkably successful in suppressing criticism. Politicians challenge it at their peril because of the lobby's ability to influence political contributions.
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I have made it a principle to give advice that does not serve my personal interest but rather the common interests.
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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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The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
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The world order needs a major overhaul.
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My conceptual framework, which basically emphasizes the importance of misconceptions, makes me extremely critical of my own decisions. I know that I am bound to be wrong, and therefore am more likely to correct my own mistakes.
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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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Financial markets ... resent any kind of government interference but they hold a belief deep down that if conditions get really rough the authorities will step in.
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