Unfortunately, the more complex the system, the greater the room for error.
GEORGE SOROSHedge 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.
More George Soros Quotes
-
-
It is credit that matters, not money (in other words, monetarism is a false ideology).
GEORGE SOROS -
The trouble with institutional investors is that their performance is usually measured relative to their peer group and not by an absolute yardstick. This makes them trend followers by definition.
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 -
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 prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
GEORGE SOROS -
I rely a great deal on animal instincts.
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 -
To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
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 -
My sense of insecurity keeps me alert, always ready to correct my errors.
GEORGE SOROS -
I’m only rich because I know when I’m wrong.
GEORGE SOROS -
American supremacy is the greatest threat to the world today.
GEORGE SOROS -
Political debate is more interested in manipulating the truth, than finding the truth.
GEORGE SOROS -
The world order needs a major overhaul.
GEORGE SOROS -
The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
GEORGE SOROS