As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.
GEORGE SOROSWell, you know, I was a human being before I became a businessman.
More George Soros Quotes
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It is credit that matters, not money (in other words, monetarism is a false ideology).
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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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Political debate is more interested in manipulating the truth, than finding the truth.
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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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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.
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Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.
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Discount the obvious, bet on the unexpected.
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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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If the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
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I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.
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Revolutions usually start with enthusiasm and end in tears.
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There is always a divergence between our perception and what actually exists.
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The main obstacle to a stable and just world order is the United States.
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When 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.
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Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
GEORGE SOROS