What works for Germany can’t work for the rest of Europe: No country can run a chronic surplus without others running deficits.
GEORGE SOROSAmerica needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
More George Soros Quotes
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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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Discount the obvious, bet on the unexpected.
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I rely a great deal on animal instincts.
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The global crisis is caused by pathologies inherent in the global financial system itself.
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Find the trend whose premise is false, and bet against it.
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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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The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
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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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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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Well, you know, I was a human being before I became a businessman.
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My sense of insecurity keeps me alert, always ready to correct my errors.
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If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.
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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
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When money is free, the rational lender will keep on lending until there is no one else to lend to.
GEORGE SOROS