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I admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction.

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
Qualities
Admire
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Europe
Leadership
Quality
Wrong
Chancellor
Leading

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If the bubbles contain a misconception, as they always do, then it can't be maintained forever.
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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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Discount the obvious, bet on the unexpected
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Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited.
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The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).
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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.
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The hardest thing to judge is what level of risk is safe.
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I'm only rich because I know when I'm wrong...I basically have survived by recognizing my mistakes.
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The generally accepted theory is that financial markets tend towards equilibrium, and...discount the future correctly. I operate using a different theory, according to which financial markets cannot possibly discount the future correctly because the do not merely discount the future they help to shape it.
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Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail.
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Increase your bets when you are confident and scale down your positions when you don't have conviction.
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Political debate is more interested in manipulating the truth, than finding the truth.
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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.
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Every bubble has two components: something - some real trend, and a misconception about that trend.
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The reality is that financial markets are self-destabilizing occasionally they tend toward disequilibrium, not equilibrium.
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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 scope for improvement is infinite, precisely because perfection is unattainable.
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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.
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Find the trend whose premise is false, and bet against it.
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The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don't have much personal use for money.
George Soros