To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.
GEORGE SOROSPolitical debate is more interested in manipulating the truth, than finding the truth.
More George Soros Quotes
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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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My main concern is with the world order.
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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 main obstacle to a stable and just world order is the United States.
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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.
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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 worse a situation becomes the less it takes to turn it around, the bigger the upside.
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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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Every bubble has two components: something – some real trend, and a misconception about that trend.
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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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My sense of insecurity keeps me alert, always ready to correct my errors.
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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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The global crisis is caused by pathologies inherent in the global financial system itself.
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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
GEORGE SOROS