Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge.
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
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The sovereignty of states must be subordinated to international law and international institutions.
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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.
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If the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
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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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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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I’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
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The global crisis is caused by pathologies inherent in the global financial system itself.
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Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
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The world order needs a major overhaul.
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Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on.
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I don’t panic. The same thing applies to me as to everybody else, so I’m given to euphoria and despair. And I would say that I basically have survived by recognizing my mistakes.
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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.
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Well, you know, I was a human being before I became a businessman.
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I’m only rich because I know when I’m wrong.
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I chose America as my home because I value freedom and democracy, civil liberties and an open society.
GEORGE SOROS