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Quote by Seamus Heaney

“There is risk and truth to yourselves and the world before you.”

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Seamus Heaney was an Irish poet born on April 13, 1939, and passed away on August 30, 2013. He is renowned for his profound humanistic concerns and exquisite poetic skills, being one of the most influential poets of the 20th century. more

“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.”

Should States Government Player Dangerous Involved Crisis Financial Partnership Entity Rotten Financial System Private Parts

Author:George Soros

“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

Quote by Seamus Heaney

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