George Soros’s quotes- Part 1 George Soros is a legendary hedge fund manager who is widely considered to be one of the most successful investors of all time.
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>> George Soros’s quotes- Part 2
About George Soros
- George Soros is a legendary hedge fund manager who is widely considered to be one of the most successful investors of all time. Soros managed the Quantum Fund, a fund that achieved an average annual return of 30% from 1970 to 2000. He remains the chair of Soros Fund Management LLC.
- George Soros is a celebrated hedge fund tycoon who managed client money in New York from 1969 to 2011.
- In 1992, Soros shorted the British pound and reportedly made a profit of $1 billion. He became known as the man who broke the Bank of England.
- Soros shifted $18 billion from his family office to his Open Society Foundations as of 2018. His fund’s assets are worth an estimated $8.4 billion.
- Soros was born in Hungary; at 17 he left the country and put himself through the London School of Economics working as a railway porter and waiter.
- In recent public appearances, Soros has been a vocal critic of U.S. President Donald Trump and Chinese president Xi Jingping.
Tag: George Soros
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George Soros quotes
“I have made it a principle to give advice that does not serve my personal interest but rather the common interests.” – George Soros
“The main obstacle to a stable and just world order is the United States.” – George Soros
“It is sort of a disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” – George Soros
“The scope for improvement is infinite, precisely because perfection is unattainable.” – George Soros
“The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.” – George Soros
“To be successful, you need leisure. You need time hanging heavily on your hands.” – George Soros
“The sovereignty of states must be subordinated to international law and international institutions.” – George Soros
“Any central bank should only be in charge of liquidity. Solvency is a matter for the treasury.” – George Soros
“Unfortunately, the more complex the system, the greater the room for error.” – George Soros
“Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values” – George Soros
“American supremacy is the greatest threat to the world today.” – George Soros
“Money values do not simply mirror the state of affairs in the real world; valuation is a positive act that makes an impact on the course of events. Monetary and real phenomena are connected in a reflexive fashion; that is, they influence each other mutually. The reflexive relationship manifests itself most clearly in the use and abuse of credit.” – George Soros
“Market prices are always wrong.” – George Soros
“In politics, manipulating reality can take presidence over finding reality.” – George Soros
“The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.” – George Soros
“The ultimate asset bubble is gold.” – George Soros
“Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.” – George Soros
“If the choice is between cooking alive and wasting money unnecessarily I would rather waste some money, because long before we cook we are going to kill each other if we don’t deal with climate change.” – George Soros
“What works for Germany can’t work for the rest of Europe: No country can run a chronic surplus without others running deficits.” – George Soros
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong” – George Soros
“I am not a Zionist, nor am I am a practicing Jew, but I have a great deal of sympathy for my fellow Jews and a deep concern for the survival of Israel.” – George Soros
“I think that my foundation uses the money better than the government does. In any event, I do pay taxes.” – George Soros
“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.” – George Soros
“We must recognize that as the dominant power in the world we have a special responsibility. In addition to protecting our national interests, we must take the leadership in protecting the common interests of humanity.” – George Soros
“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.” – 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
“My approach works not by making valid predictions but by allowing me to correct false ones.” – George Soros
“The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.” – George Soros
“The integration of Europe was very much led by a Germany that was always willing to pay a little bit extra to reach a compromise that everybody accepted, because Germany was so eager to get European support for reunification. That was called the “farsighted vision,” which created the European Union.” – George Soros
“When money is free, the rational lender will keep on lending until there is no one else to lend to.” – George Soros
“To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.” – George Soros
“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.” – George Soros
“I’ll tell you what I’d do if it were up to me: I would establish a strictly controlled distribution network through which I would make most drugs, excluding the most dangerous ones like crack, legally available. Initially I would keep the prices low enough to destroy the drug trade. Once that objective was attained I would keep raising the prices, very much like the excise duty on cigarettes, but I would make an exception for registered addicts in order to discourage crime. I would use a portion of the income for prevention and treatment. And I would foster social opprobrium of drug use.” – George Soros
“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.” – George Soros
“I contend that financial markets never reflect the underlying reality accurately; they always distort it in some way or another and the distortions find expression in market prices. Those distortions can, occasionally, find ways to affect the fundamentals that market prices are supposed to reflect.” – George Soros
“Well, you know, I was a human being before I became a businessman.” – George Soros
“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.” – George Soros
“I put forward a pretty general theory that financial markets are intrinsically unstable. That we really have a false picture when we think about markets tending towards equilibrium.” – George Soros
“When you sell options, you get paid for assuming risk. That can be a profitable business, but it does not mix well with the risks inherent in a leveraged portfolio.” – George Soros
“Misconceptions play a prominent role in my view of the world.” – George Soros
“When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.” – George Soros
“The global crisis is caused by pathologies inherent in the global financial system itself.” – George Soros
“I’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.” – 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
“Every bubble consists of a trend that can be observed in the real world and a misconception relating to that trend. The two elements interact with each other in a reflexive manner.” – George Soros
“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
“The financial markets play an active role in determining what’s going to happen, how the economy is going to function.” – George Soros
“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
“The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.” – George Soros
“The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.” – George Soros
“The world order needs a major overhaul.” – George Soros
“Of course, speculation will always make a crisis worse. If there is a weak point, it will expose it.” – George Soros
“Discount the obvious, bet on the unexpected” – George Soros
“Revolutions usually start with enthusiasm and end in tears.” – George Soros
“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
“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
“If we care about universal principles such as freedom, democracy and the rule of law, we cannot leave them to the care of market forces; we must establish some other institutions to safeguard them.” – George Soros
“There is no point in being confident and having a small position.” – George Soros
“These public-private partnerships are very, very dangerous. The most rotten part of the financial system in the US consisted of the government sponsored entities, Fannie Mae and Freddie Mac. They really kicked off this crisis. The state should set the rules and enforce them – but not become involved as a market player.” – George Soros
George Soros quotes
“The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.” – George Soros
“The world is looking to us for leadership. We have provided it in the past; the main reason why anti-American feelings are so strong in the world today is that we are not providing it in the present.” – George Soros
“If every rich person gave 50 percent of their wealth to charity, I would not say they should pay more taxes.” – George Soros
“I am not well qualified to criticize the theory of rational expectations and the efficient market hypothesis because as a market participant I considered them so unrealistic that I never bothered to study them.” – George Soros
“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.” – George Soros
“I am against market fundamentalism. I think this propaganda that government involvement is always bad has been very successful – but also very harmful to our society.” – George Soros
“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.” – George Soros
“Market prices are always wrong in the sense that they present a biased view of the future.” – George Soros
“If we carry this line of argument to its logical conclusion, the meaning of life consists of the flaws in one’s conceptions and what one does about them. Life can be seen as a fertile fallacy.” – George Soros
“The only thing that could hurt me is if my success encouraged me to return to my childhood fantasies of omnipotence – but that is not likely to happen as long as I remain engaged in the financial markets, because they constantly remind me of my limitations.” – George Soros
“I admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction.” – George Soros
“There is a resurgence of anti-Semitism in Europe. The policies of the Bush administration and the Sharon administration contribute to that. It’s not specifically anti-Semitism, but it does manifest itself in anti-Semitism as well.” – George Soros
“I am for maximum supervision and minimum regulation.” – George Soros
“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.” – George Soros
“Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity.” – George Soros
“If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.” – George Soros
“Once a trend is established it tends to persist and to run it’s full course.” – George Soros
George Soros quotes
“The hardest thing to judge is what level of risk is safe.” – George Soros
“Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. The main difference is that the hypothesis that underlies an investment decision is intended to make money and not to establish a universally valid generalization.” – George Soros
“I’m not doing my philanthropic work out of any kind of guilt, or any need to create good public relations. I’m doing it because I can afford to do it, and I believe in it.” – George Soros
“I called gold the ultimate bubble, which means it may go higher. But it’s certainly not safe and it’s not going to last forever.” – George Soros
“The assumption of perfect knowledge is very far from reality … a lot of the evil in the world is actually not intentional.” – George Soros
“The people currently in charge have forgotten the first principle of an open society, namely that we may be wrong and that there has to be free discussion. That it’s possible to be opposed to the policies without being unpatriotic.” – George Soros
“Markets are imperfect. So you do need regulation, knowing that the regulators are also human.” – George Soros
“Mankind’s ability to understand and control the forces of nature greatly exceeds our ability to govern ourselves” – George Soros
“It is credit that matters, not money (in other words, monetarism is a false ideology).” – George Soros
“When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.” – George Soros
“Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on.” – 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
“President George W. Bush is endangering the United States and the world’s safety while undermining American values.” – George Soros
“The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).” – George Soros
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