If the bubbles contain a misconception, as they always do, then it can't be maintained forever. George Soros More Quotes by George Soros More Quotes From George Soros Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on. George Soros investing democracy government 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 risk management years In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into a state of dynamic disequilibrium and behave quite differently from what would be considered normal by the theory of efficient markets. Such boom/bust sequences do not arise very often, but when they do, they can be very disruptive, exactly because they affect the fundamentals of the economy. George Soros normal would-be fundamentals The more comprehensive and convincing a debt reduction program is, the less likely it is to fail. And remember, just as Germany is grateful to America for the Marshall Plan, Italy would be grateful to Germany for helping it lower its refinancing costs. George Soros germany grateful america I'll tell you what I'd do if it were up to me: I would establish a strictly controlled distribution network through which I would make most drugs, excluding the most dangerous ones like crack, legally available. Initially I would keep the prices low enough to destroy the drug trade. Once that objective was attained I would keep raising the prices, very much like the excise duty on cigarettes, but I would make an exception for registered addicts in order to discourage crime. I would use a portion of the income for prevention and treatment. And I would foster social opprobrium of drug use. George Soros drug-use cracks order I admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction. George Soros admire quality europe 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 investing real two The laissez-faire argument relies on the same tacit appeal to perfection as does communism. George Soros laissez-faire-capitalism perfection doe I am not a Zionist, nor am I am a practicing Jew, but I have a great deal of sympathy for my fellow Jews and a deep concern for the survival of Israel. George Soros zionist survival israel 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. George Soros rotten government player Mankind's ability to understand and control the forces of nature greatly exceeds our ability to govern ourselves George Soros mankind force inspirational Studying economics is not a good preparation for dealing with it. George Soros economics preparation study Markets are imperfect. So you do need regulation, knowing that the regulators are also human. George Soros regulation knowing needs If truth be known, I carried some rather potent messianic fantasies with me from childhood which I felt I had to control, otherwise I might end up in the loony bin. But when I made my way in the world I wanted to indulge myself in my fantasies to the extent that I could afford. George Soros childhood might world Democracy, by its very nature, can't be imposed on people. Democracy has to be the people deciding for themselves. George Soros democracies-have democracy people Markets can influence the events that they anticipate. George Soros anticipate influence events Advocating democracy has, by other people, often been taken as a form of imperialism, and not without some justification. So the important thing in a democracy is that it doesn't necessarily have to agree with what America's interests are, and it doesn't necessarily have to be serving American interests. George Soros democracies-have taken america 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 members economy degrees It is sort of a disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out. George Soros disease kind feels At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But it will also need additional revenues. Should the government not receive them, we will all get punished with higher interest rates. George Soros government over-you running
