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Quote by George Soros

“We are the most powerful nation on earth. No external power, no terrorist organization can defeat us. But we can defeat ourselves by getting caught in a quagmire.”

Quote by George Soros

Author

George Soros, born on August 12, 1930, is a renowned business magnate and philanthropist. He has significant influence in the global financial markets and is known for his unique investment strategies and philosophy. In the 1970s, Soros founded the Quantum Fund, which achieved substantial wealth growth over the following decades. Apart from his success in business, Soros is committed to promoting global democracy and open societies, supporting various educational and charitable projects through the Soros Foundation. more

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“Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail.”

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“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.”

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“We can speak of the triumph of capitalism in the world, but we cannot yet speak about the triumph of democracy. There is a serious mismatch between the political and the economic conditions that prevail in the world today.”

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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.”

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Author:George Soros

“The world is looking to us for leadership. We have provided it in the past; the main reason why anti-American feelings are so strong in the world today is that we are not providing it in the present.”

World Reason Feelings Today Past Strong Investing Reason Why Providing World Today Anti-american

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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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“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.”

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“Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity.”

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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.”

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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.”

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