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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
Principles
Interest
Self
Prevail
Investing
Likely
Whenever
Conflict
Universal

More quotes by George Soros

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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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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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If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
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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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Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
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I don't use my money to gain political influence for my private interests, which is what many rich people do, and what, in a sense, market fundamentalism does, because it is in the interests of people who have a lot of money to have as little taxes as possible.
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I am not well qualified to criticize the theory of rational expectations and the efficient market hypothesis because as a market participant I considered them so unrealistic that I never bothered to study them.
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I commissioned two political experts to advise me about what I could do to oppose the re-election of President Bush.
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Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited.
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Market prices are always wrong.
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Now that I have called you on your false accusation, you are using additional smear tactics.
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The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
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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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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 concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).
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I contend that financial markets never reflect the underlying reality accurately they always distort it in some way or another and the distortions find expression in market prices. Those distortions can, occasionally, find ways to affect the fundamentals that market prices are supposed to reflect.
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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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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 money is free, the rational lender will keep on lending until there is no one else to lend to.
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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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