The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
GEORGE SOROSNo individual anonymous participant can influence the prices and therefore you really can speculate in the market without paying attention to morality. That’s one of the positive features of markets. That’s why they function.
More George Soros Quotes
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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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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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I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.
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Find the trend whose premise is false, and bet against it.
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Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
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The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
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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.
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In politics, manipulating reality can take presidence over finding reality.
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Well, you know, I was a human being before I became a businessman.
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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.
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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.
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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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Revolutions usually start with enthusiasm and end in tears.
GEORGE SOROS