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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.

George Soros

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George Soros
Age: 94
Born: 1930
Born: August 12
Banker
Business Magnate
Businessman
Economist
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Investor
Philanthropist
Philosopher
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Writer
Buda Pest
György Schwartz
György Soros
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Economics
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Objectives

More quotes by George Soros

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Studying economics is not a good preparation for dealing with it.
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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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My approach works not by making valid predictions but by allowing me to correct false ones.
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Discount the obvious, bet on the unexpected
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My main concern is with the world order
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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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My sense of insecurity keeps me alert, always ready to correct my errors.
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Markets are imperfect. So you do need regulation, knowing that the regulators are also human.
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Find the trend whose premise is false, and bet against it.
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Esperanto was a very useful language, because wherever you went, you found someone to speak with.
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Market prices are always wrong in the sense that they present a biased view of the future.
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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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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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The sovereignty of states must be subordinated to international law and international institutions.
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I rely a great deal on animal instincts.
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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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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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Every bubble has two components: something - some real trend, and a misconception about that trend.
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There is always a divergence between our perception and what actually exists.
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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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