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Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail.
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
Universal
Principles
Interest
Self
Prevail
Investing
Likely
Whenever
Conflict
More quotes by George Soros
When it comes to social consequences, they've got all different people acting in different ways, very difficult to even have a proper criterion of success. So, it's a difficult task.
George Soros
The trouble with institutional investors is that their performance is usually measured relative to their peer group and not by an absolute yardstick. This makes them trend followers by definition.
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Well, you know, I was a human being before I became a businessman.
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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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To be successful, you need leisure. You need time hanging heavily on your hands.
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Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity.
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The ultimate asset bubble is gold.
George Soros
Now that I have called you on your false accusation, you are using additional smear tactics.
George Soros
Regulating and taxing marijuana would simultaneously save taxpayers billions of dollars in enforcement and incarceration costs, while providing many billions of dollars in revenue annually.
George Soros
My main concern is with the world order
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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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Who most benefits from keeping marijuana illegal? The greatest beneficiaries are the major criminal organizations in Mexico and elsewhere that earn billions of dollars annually from this illicit trade - and who would rapidly lose their competitive advantage if marijuana were a legal commodity.
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Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. The main difference is that the hypothesis that underlies an investment decision is intended to make money and not to establish a universally valid generalization.
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The bureaucratic method of building an integrated Europe has exhausted its potential.
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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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Changeless society is characterized by the absense of alternatives.
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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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We must recognize that as the dominant power in the world we have a special responsibility. In addition to protecting our national interests, we must take the leadership in protecting the common interests of humanity.
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The hardest thing to judge is what level of risk is safe.
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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.
George Soros