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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.

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
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More quotes by George Soros

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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 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 investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
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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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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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Globalization has rendered the world increasingly interdependent, but international politics is still based on the sovereignty of states.
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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'm only rich because I know when I'm wrong.
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Everything adds up to a major crisis. Humanity is faced with a global energy crisis ... The core of the crisis lies in the increasing shortage of oil.
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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 better to have a cat and mouse game where the cat has the upper hand than a cat and mouse game where the mice are ruling. Because the latter means that the market participants are given free range. That was actually the big misconception of our national hero Ronald Reagan, who always talked about the magic of the market.
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The lower interest rates fueled housing and consumption booms in countries such as Spain and Ireland. At the same time, Germany, struggling with the burdens of reunification, tightened its belt and became more competitive. All this led to a wide divergence in economic performance. Europe became divided into creditor and debtor countries.
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However, even a strong government can't perform miracles. It needs money from the taxpayers.
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We [at Soros Fund Management] use options and more exotic derivatives sparingly. We try to catch new trends early and in later stages we try to catch trend reversals. Therefore, we tend to stabilize rather than destabilize the market. We are not doing this as a public service. It is our style of making money.
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As a society we can't live without moral considerations. We do have to protect the public good. And markets are not designed to do that, so we need a political process.
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I admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction.
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Well, you know, I was a human being before I became a businessman.
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Find the trend whose premise is false, and bet against it.
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Political debate is more interested in manipulating the truth, than finding the truth.
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Every bubble has two components: something - some real trend, and a misconception about that trend.
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