My main concern is with the world order.
GEORGE SOROSThe 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.
More George Soros Quotes
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The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
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I rely a great deal on animal instincts.
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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.
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Every bubble has two components: something – some real trend, and a misconception about that trend.
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Studying economics is not a good preparation for dealing with it.
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In politics, manipulating reality can take presidence over finding reality.
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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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Unfortunately, the more complex the system, the greater the room for error.
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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.
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Political debate is more interested in manipulating the truth, than finding the truth.
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My approach works not by making valid predictions but by allowing me to correct false ones.
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Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.
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The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
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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 main obstacle to a stable and just world order is the United States.
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