The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
GEORGE SOROSUnfortunately, the more complex the system, the greater the room for error.
More George Soros Quotes
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The global crisis is caused by pathologies inherent in the global financial system itself.
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My approach works not by making valid predictions but by allowing me to correct false ones.
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I’m only rich because I know when I’m wrong.
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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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My main concern is with the world order.
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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.
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My conceptual framework, which basically emphasizes the importance of misconceptions, makes me extremely critical of my own decisions. I know that I am bound to be wrong, and therefore am more likely to correct my own mistakes.
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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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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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The scope for improvement is infinite, precisely because perfection is unattainable.
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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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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.
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Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
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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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America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
GEORGE SOROS