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.
GEORGE SOROSThere 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.
GEORGE SOROSThe sovereignty of states must be subordinated to international law and international institutions.
GEORGE SOROSThe collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.
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.
GEORGE SOROSIf the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
GEORGE SOROSDiscount the obvious, bet on the unexpected.
GEORGE SOROSIncrease your bets when you are confident and scale down your positions when you don’t have conviction.
GEORGE SOROSThere is always a divergence between our perception and what actually exists.
GEORGE SOROSIf investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.
GEORGE SOROSThe main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
GEORGE SOROSAs 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 SOROSThe worse a situation becomes the less it takes to turn it around, the bigger the upside.
GEORGE SOROSMarkets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
GEORGE SOROSLaw has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
GEORGE SOROSWell, you know, I was a human being before I became a businessman.
GEORGE SOROSWhat works for Germany can’t work for the rest of Europe: No country can run a chronic surplus without others running deficits.
GEORGE SOROS