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Financial markets ... resent any kind of government interference but they hold a belief deep down that if conditions get really rough the authorities will step in.

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
Belief
Rough
Business
Financial
Government
Step
Kind
Authority
Authorities
Really
Deep
Interference
Conditions
Resent
Hold
Markets
Steps
Finance

More quotes by George Soros

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Well, you know, I was a human being before I became a businessman.
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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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I'm only rich because I know when I'm wrong.
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The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
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If every rich person gave 50 percent of their wealth to charity, I would not say they should pay more taxes.
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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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The sovereignty of states must be subordinated to international law and international institutions.
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My original intention was to spend the money in my lifetime.
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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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The worse a situation becomes the less it takes to turn it around, the bigger the upside.
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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.
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The bureaucratic method of building an integrated Europe has exhausted its potential.
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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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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.
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There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.
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If truth be known, I carried some rather potent messianic fantasies with me from childhood which I felt I had to control, otherwise I might end up in the loony bin. But when I made my way in the world I wanted to indulge myself in my fantasies to the extent that I could afford.
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I think that my foundation uses the money better than the government does. In any event, I do pay taxes.
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The hardest thing to judge is what level of risk is safe.
George Soros
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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.
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Studying economics is not a good preparation for dealing with it.
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