Home / Quotes / Quote by George Soros

Quote by George Soros

“These public-private partnerships are very, very dangerous. The most rotten part of the financial system in the US consisted of the government sponsored entities, Fannie Mae and Freddie Mac. They really kicked off this crisis. The state should set the rules and enforce them - but not become involved as a market player.”

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

You May Also Like

“There is a well-established conviction that the central banks always do what is necessary to keep the system going and then afterwards you then take care of the legal aspects. In a crisis, you simply do not have time to think about such concerns for too long.”

Thinking Wells Long Care Concern Aspect Crisis Conviction Take Care Time To Think Central Banks

Author:George Soros

“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.”

Way Should Use Risk Source Credit Fund Efficient Involving Transactions Instability Hedge Fund

Author:George Soros

“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.”

Ifs Littles Differences Successful Investment Profit Speculation Anticipate

Book:The Tragedy of the European Union: Disintegration or Revival?

Source: The Tragedy of the European Union: Disintegration or Revival?

“Sometimes time actually works against you if you refuse to face the relevant issues and explain to the public what is at stake.”

Ifs Sometimes Faces Issues Refuse Stakes Relevant

Author:George Soros

“Giving government aid to a bank basically transforms it into a utility. The huge salaries in this sector are only a symptom of a more profound misalignment. The profitability of the finance industry has been excessive. [...] That was absurd.”

Giving Has Beens Government Huge Industry Profound Aids Absurd Finance Symptoms Salary Utility Profitability Government Aid

Author:George Soros

“What works for Germany can't work for the rest of Europe: No country can run a chronic surplus without others running deficits.”

Country Running Europe Germany Deficit Surplus

Author:George Soros

“China could easily emerge as the great winner if the Chinese leaders handle the situation well. On the other hand, they could also turn out to be the biggest losers if they handle it poorly. If the management turns out be wrong, this could lead to a political crisis in China.”

Ifs Wells Hands Political Turns Situation Leader Management Crisis China Handle Chinese Winner Loser Biggest Loser

Author:George Soros

“Of course, speculation will always make a crisis worse. If there is a weak point, it will expose it.”

Ifs Courses Weak Crisis Speculation Weak Points

Author:George Soros

“I keep healthy and I'm always very active and always have been so. I don't really see any signs of aging yet. Music keeps you young.”

Has Beens Young Healthy Aging Active

Author:John Mayall

“I do the best I can with any instrument I get attracted to. But they're just tools in order for you to express yourself and that's really the upshot of it.”

I Can Order Tools Instruments Do The Best Express Yourself

Author:John Mayall