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 SOROSWhen interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.
More George Soros Quotes
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Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
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The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
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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 hardest thing to judge is what level of risk is safe.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
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There is always a divergence between our perception and what actually exists.
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Find the trend whose premise is false, and bet against it.
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What works for Germany can’t work for the rest of Europe: No country can run a chronic surplus without others running deficits.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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American supremacy is the greatest threat to the world today.
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No individual anonymous participant can influence the prices and therefore you really can speculate in the market without paying attention to morality. That’s one of the positive features of markets. That’s why they function.
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Political debate is more interested in manipulating the truth, than finding the truth.
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The main obstacle to a stable and just world order is the United States. [This idea] happens to coincide with the prevailing opinion in the world. And I think that’s rather shocking for Americans to hear.
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To my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states.
GEORGE SOROS