Every bubble has two components: something – some real trend, and a misconception about that trend.
GEORGE SOROSThe 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.
More George Soros Quotes
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Well, you know, I was a human being before I became a businessman.
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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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My approach works not by making valid predictions but by allowing me to correct false ones.
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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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The global crisis is caused by pathologies inherent in the global financial system itself.
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An open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.
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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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Studying economics is not a good preparation for dealing with it.
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The main obstacle to a stable and just world order is the United States.
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There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.
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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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I fancied myself as some kind of god or an economic reformer like Keynes.
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The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
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Market prices are always wrong in the sense that they present a biased view of the future.
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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