Quote

Every bubble has two components: something - some real trend, and a misconception about that trend.

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
Components
Bubbles
Trends
Two
Real
Every
Misconception
Something
Trend
Bubble

More quotes by George Soros

Image
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
Image
It is much easier to put existing resources to better use, than to develop resources where they do not exist.
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
Image
If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.
George Soros
Image
The world order needs a major overhaul.
George Soros
Image
I have made it a principle to give advice that does not serve my personal interest but rather the common interests.
George Soros
Image
Giving government aid to a bank basically transforms it into a utility. The huge salaries in this sector are only a symptom of a more profound misalignment. The profitability of the finance industry has been excessive. [...] That was absurd.
George Soros
Image
Market prices are always wrong in the sense that they present a biased view of the future.
George Soros
Image
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.
George Soros
Image
However, even a strong government can't perform miracles. It needs money from the taxpayers.
George Soros
Image
America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
George Soros
Image
The worse a situation becomes the less it takes to turn it around, the bigger the upside.
George Soros
Image
I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled Asset Relief Program (TARP) to help banks take toxic assets off their balance sheets. I argued that it would be much better to put the money where the hole was and replenish the equity of the banks themselves.
George Soros
Image
The key problem is the debt restructuring in the euro zone. As long as the debt burden is not reduced, there is no chance of the weaker EU countries regaining competitiveness.
George Soros
Image
My original intention was to spend the money in my lifetime.
George Soros
Image
I commissioned two political experts to advise me about what I could do to oppose the re-election of President Bush.
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
A full and fair discussion is essential to democracy.
George Soros
Image
My sense of insecurity keeps me alert, always ready to correct my errors.
George Soros
Image
I rely a great deal on animal instincts.
George Soros