Quote

Money values do not simply mirror the state of affairs in the real world valuation is a positive act that makes an impact on the course of events. Monetary and real phenomena are connected in a reflexive fashion that is, they influence each other mutually. The reflexive relationship manifests itself most clearly in the use and abuse of credit.

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
Makes
Relationship
Mirrors
Mutually
Money
Fashion
Clearly
Monetary
States
Simply
Credit
Phenomena
Real
Courses
Connected
Affairs
World
Course
Impact
Investing
State
Positive
Mirror
Reflexive
Values
Events
Affair
Valuation
Use
Influence
Abuse
Manifests

More quotes by George Soros

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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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The scope for improvement is infinite, precisely because perfection is unattainable.
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Globalization has rendered the world increasingly interdependent, but international politics is still based on the sovereignty of states.
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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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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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Every bubble has two components: something - some real trend, and a misconception about that trend.
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Market prices are always wrong.
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The ultimate asset bubble is gold.
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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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A full and fair discussion is essential to democracy.
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You could adjust the punishment to fit the infraction. Even a small fine would be enough to bring an errant government to heel.
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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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Merkel has realized that the euro is not working, but she cannot change the narrative she has created because that narrative has caught the imagination of the German public, and the German public has accepted it.
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It is much easier to put existing resources to better use, than to develop resources where they do not exist.
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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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Just as the process of repealing national alcohol prohibition began with individual states repealing their own prohibition laws, so individual states must now take the initiative with respect to repealing marijuana prohibition laws.
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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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Proposition 19 already is a winner no matter what happens on election day. The mere fact of its being on the ballot has elevated and legitimized public discourse about marijuana and marijuana policy in ways I could not have imagined a year ago.
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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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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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