George Soros Quotes - Page 4

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• It is credit that matters, not money (in other words, monetarism is a false ideology).

  George Soros

  Investing, Credit, Matter

  George Soros (1994). “The Alchemy of Finance: Reading the Mind of the Market”, p.20, John Wiley & Sons

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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.

  George Soros

  Gold, Investing, Moments

  "Soros and Paulson move in opposite directions as gold declines" by Tom Bawden, www.theguardian.com. March 6, 2011.

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• Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones. It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.

  George Soros

  Country, Swings, Balls

  "The Crisis of Global Capitalism: Open Society Endangered". Book by George Soros, 1998.

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• Market prices are always wrong.

  George Soros

  Always Wrong

  George Soros (1994). “The Alchemy of Finance: Reading the Mind of the Market”, p.14, John Wiley & Sons

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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.

  George Soros

  Play, Roles, Financial

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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.

  George Soros

  Risk, Use, Credit

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• The scope for improvement is infinite, precisely because perfection is unattainable.

  George Soros

  Perfection, Unattainable, Improvement

  George Soros (2007). “Open Society Reforming Global Capitalism Reconsidered”, p.26, PublicAffairs

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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.

  George Soros

  Mistake, Despair, Panic

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• I very often used to get backaches due to the fact that I was wrong. Whenever you are wrong you have to fight or [take] flight. When [I] make the decision, the backache goes away.

  George Soros

  Fighting, Decision, Investing

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• Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low volatility.

  George Soros

  Years, Risk, Management

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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

  Government, People, Mind

  Interview with Mark Shapiro, September 05, 2000.

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• If we carry this line of argument to its logical conclusion, the meaning of life consists of the flaws in one's conceptions and what one does about them. Life can be seen as a fertile fallacy.

  George Soros

  Meaning Of Life, Doe, Investing

  George Soros (1994). “The Alchemy of Finance: Reading the Mind of the Market”, p.363, John Wiley & Sons

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• Taking this view, it is possible to see financial markets as a laboratory for testing hypotheses, albeit not strictly scientific ones. The truth is, successful investing is a kind of alchemy.

  George Soros

  Successful, Views, Investing

  George Soros (1994). “The Alchemy of Finance: Reading the Mind of the Market”, p.14, John Wiley & Sons

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• I would be lying, however, if I claimed that I could always formulate worthwhile hypotheses on the basis of my theoretical framework. Sometimes there were no reflexive processes to be found; sometimes I failed to find them; and, what was the most painful of all, sometimes I got them wrong. One way or another, I often invested without a worthwhile hypothesis and my activities were not very different from a random walk.

  George Soros

  Lying, Different, Would Be

  George Soros (1994). “The Alchemy of Finance: Reading the Mind of the Market”, p.14, John Wiley & Sons

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• Market prices are always wrong in the sense that they present a biased view of the future.

  George Soros

  Views, Biased, Always Wrong

  George Soros (1994). “The Alchemy of Finance: Reading the Mind of the Market”, p.14, John Wiley & Sons

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• Changeless society is characterized by the absense of alternatives.

  George Soros

  Alternatives

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• Markets are imperfect. So you do need regulation, knowing that the regulators are also human.

  George Soros

  Knowing, Needs, Regulation

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• Every bubble consists of a trend that can be observed in the real world and a misconception relating to that trend. The two elements interact with each other in a reflexive manner.

  George Soros

  Real, Two, Investing

  George Soros (2009). “The crash of 2008 and what it means [electronic resource]: the new paradigm for financial markets”, p.10, PublicAffairs

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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.

  George Soros

  Degrees, Economy, Members

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• I am for maximum supervision and minimum regulation.

  George Soros

  Investing, Regulation, Supervision

  George Soros, Byron Wien, Krisztina Koenen (1995). “Soros on Soros: Staying Ahead of the Curve”, p.316, John Wiley & Sons

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• Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention, and I wouldn't underestimate the value of that. But they're not designed to take care of social needs.

  George Soros

  Great Inventions, Needs, Looks

  Interview with Mark Shapiro, September 05, 2000.

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• Democracy, by its very nature, can't be imposed on people. Democracy has to be the people deciding for themselves.

  George Soros

  Democracies Have, People, Democracy

  Source: www.pbs.org

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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

  Investing, Lending, Rational

  George Soros (2008). “The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means”, p.15, PublicAffairs

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• Studying economics is not a good preparation for dealing with it.

  George Soros

  Preparation, Study, Economics

  George Soros (2007). “Open Society Reforming Global Capitalism Reconsidered”, p.57, PublicAffairs

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• Who most benefits from keeping marijuana illegal? The greatest beneficiaries are the major criminal organizations in Mexico and elsewhere that earn billions of dollars annually from this illicit trade - and who would rapidly lose their competitive advantage if marijuana were a legal commodity.

  George Soros

  Marijuana, Organization, Mexico

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