Share
×
Inspirational Quotes
Authors
Professions
Topics
Tags
Quote
As an anonymous participant in financial markets, I never had to weigh the social consequences of my actions ... I felt justified in ignoring them on the grounds that I was playing by the rules.
George Soros
Share
Change background
T
T
T
Change font
Original
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
Never
Actions
Anonymous
Consequence
Ignoring
Financial
Weigh
Rules
Participants
Playing
Grounds
Social
Justified
Felt
Markets
Action
Consequences
Participant
More quotes by George Soros
America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
George Soros
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.
George Soros
I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs.
George Soros
It is much easier to put existing resources to better use, than to develop resources where they do not exist.
George Soros
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.
George Soros
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
Studying economics is not a good preparation for dealing with it.
George Soros
Now that I have called you on your false accusation, you are using additional smear tactics.
George Soros
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
Market prices are always wrong.
George Soros
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
George Soros
Esperanto was a very useful language, because wherever you went, you found someone to speak with.
George Soros
My sense of insecurity keeps me alert, always ready to correct my errors.
George Soros
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.
George Soros
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
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.
George Soros
My original intention was to spend the money in my lifetime.
George Soros
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
George Soros
The scope for improvement is infinite, precisely because perfection is unattainable.
George Soros
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.
George Soros
