Quote

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.

George Soros

Change background

T
T
T

Change font

TAGS & TOPICS

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
Economic
Objective
Process
Objectives
Difficult
Investing
Science
Scientific
Participant
Matter
Economics
Lacks
Supposed
Participants
Subject
Objectivity
Subjects
Seeks

More quotes by George Soros

Image
Esperanto was a very useful language, because wherever you went, you found someone to speak with.
George Soros
Image
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.
George Soros
Image
I call government that works the best for people open society, which is basically just another more general term for a democracy that is - you call it maybe a liberal democracy. It's not only majority rule but also respect for minorities and minority opinions and the rule of law. So it's really a sort of institutional democracy.
George Soros
Image
I think that my foundation uses the money better than the government does. In any event, I do pay taxes.
George Soros
Image
An open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.
George Soros
Image
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
Image
It is better to have a cat and mouse game where the cat has the upper hand than a cat and mouse game where the mice are ruling. Because the latter means that the market participants are given free range. That was actually the big misconception of our national hero Ronald Reagan, who always talked about the magic of the market.
George Soros
Image
Advocating democracy has, by other people, often been taken as a form of imperialism, and not without some justification. So the important thing in a democracy is that it doesn't necessarily have to agree with what America's interests are, and it doesn't necessarily have to be serving American interests.
George Soros
Image
A full and fair discussion is essential to democracy.
George Soros
Image
My approach works not by making valid predictions but by allowing me to correct false ones.
George Soros
Image
It is much easier to put existing resources to better use, than to develop resources where they do not exist.
George Soros
Image
Discount the obvious, bet on the unexpected
George Soros
Image
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.
George Soros
Image
The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
George Soros
Image
We [at Soros Fund Management] use options and more exotic derivatives sparingly. We try to catch new trends early and in later stages we try to catch trend reversals. Therefore, we tend to stabilize rather than destabilize the market. We are not doing this as a public service. It is our style of making money.
George Soros
Image
China could easily emerge as the great winner if the Chinese leaders handle the situation well. On the other hand, they could also turn out to be the biggest losers if they handle it poorly. If the management turns out be wrong, this could lead to a political crisis in China.
George Soros
Image
Studying economics is not a good preparation for dealing with it.
George Soros
Image
Changeless society is characterized by the absense of alternatives.
George Soros
Image
In politics, manipulating reality can take presidence over finding reality.
George Soros
Image
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.
George Soros