Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. George Soros More Quotes by George Soros More Quotes From George Soros 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 investing fighting decision I used to be opposed to the idea of social entrepreneurship. I said, you know, let business be business, and philanthropy be philanthropy. Keep the two separate, don't mix it up, and this is what I did, and I did that rather successfully, but I now recognize that actually you do need to mix it up and I think there is room for social entrepreneurship. George Soros two ideas thinking The dark comes before dawn. The financial markets are under great pressure because of the lack of leadership during the transition period. George Soros transition dawn dark In 2012, the far-right Golden Dawn won 21 seats in Greece's parliamentary election, the right-wing Jobbik gained ground in my native Hungary, and the National Front's Marine Le Pen received strong backing in France's presidential election. Growing support for similar forces across Europe points to an inescapable conclusion: the continent's prolonged financial crisis is creating a crisis of values that is now threatening the European Union itself. George Soros marine money strong I give away something up to $500 million a year throughout the world promoting Open Society. My foundations support people in the country who care about an open society. It's their work that I'm supporting. So it's not me doing it. George Soros giving country years A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to. George Soros evil people world When you sell options, you get paid for assuming risk. That can be a profitable business, but it does not mix well with the risks inherent in a leveraged portfolio. George Soros investing risk doe If the terrorists have the sympathy of people, it's much harder to find them. So we need people on our side, and that leads us to be responsible leaders of the world, show some concern with the problems. George Soros leader people needs The eurozone status quo is neither tolerable nor stable. Mainstream economists would call it an inferior equilibrium; I call it a nightmare - one that is inflicting tremendous pain and suffering that could be easily avoided if the misconceptions and taboos that sustain it were dispelled. George Soros nightmare pain suffering We must recognize that as the dominant power in the world we have a special responsibility. In addition to protecting our national interests, we must take the leadership in protecting the common interests of humanity. George Soros responsibility leadership humanity I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled Asset Relief Program (TARP) to help banks take toxic assets off their balance sheets. I argued that it would be much better to put the money where the hole was and replenish the equity of the banks themselves. George Soros toxic relief balance However, even a strong government can't perform miracles. It needs money from the taxpayers. George Soros miracle government strong One of the myths propagated by the enemies of Israel is that there is an all-powerful Zionist conspiracy. That is a false accusation. Nevertheless, that AIPAC has been so successful in suppressing criticism has lent some credence to such false beliefs. George Soros powerful israel successful Misconceptions play a prominent role in my view of the world. George Soros roles views play There is a resurgence of anti-Semitism in Europe. The policies of the Bush administration and the Sharon administration contribute to that. It's not specifically anti-Semitism, but it does manifest itself in anti-Semitism as well. George Soros administration doe europe Bush's war in Iraq has done untold damage to the United States. It has impaired our military power and undermined the morale of our armed forces. Our troops were trained to project overwhelming power. They were not trained for occupation duties. George Soros iraq military war I put forward a pretty general theory that financial markets are intrinsically unstable. That we really have a false picture when we think about markets tending towards equilibrium. George Soros unstable financial thinking When it comes to social consequences, they've got all different people acting in different ways, very difficult to even have a proper criterion of success. So, it's a difficult task. George Soros acting success people When I had made more money than I needed for myself and my family, I set up a foundation to promote the values and principles of a free and open society. George Soros foundation my-family principles The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility). George Soros investing real exercise
