The financial markets play an active role in determining what's going to happen, how the economy is going to function. George Soros More Quotes by George Soros More Quotes From George Soros Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected. George Soros investingunexpectedfinancial The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium. George Soros financialselfreality When money is free, the rational lender will keep on lending until there is no one else to lend to. George Soros lendingrationalinvesting The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market. George Soros differentwayideas 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. George Soros investingmomentsgold Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. The main difference is that the hypothesis that underlies an investment decision is intended to make money and not to establish a universally valid generalization. George Soros investingdifferencesdecision A global economy is characterized not only by the free movement of goods and services but, more important, by the free movement of ideas and of capital. George Soros investingimportantideas The key problem is the debt restructuring in the euro zone. As long as the debt burden is not reduced, there is no chance of the weaker EU countries regaining competitiveness. George Soros keyslongcountry If the bubbles contain a misconception, as they always do, then it can't be maintained forever. George Soros misconceptionifsforever We are trying to make the world a better place, but that is not necessarily what we accomplish. Many of the problems which preoccupy us are basically insoluble. George Soros problemtryingworld We must not forget; but we must forgive. Suffering often such compassion from the Jewish community. It was Jewish groups in the US who were in the forefront in opposing the ethnic cleansing of Muslim in Bosnia. George Soros forgivingcommunitycompassion I fancied myself as some kind of god or an economic reformer like Keynes George Soros keyneseconomickind I am not well qualified to criticize the theory of rational expectations and the efficient market hypothesis because as a market participant I considered them so unrealistic that I never bothered to study them. George Soros studytheoryexpectations Anticipating attacks, I should like to emphasize that I do not subscribe to the myths propagated by enemies of Israel and I am not blaming Jews for anti-Semitism. Anti-Semitism predates the birth of Israel. Neither Israel's policies nor the critics of those policies should be held responsible for anti-Semitism. At the same time, I do believe that attitudes toward Israel are influenced by Israel's policies, and attitudes toward the Jewish community are influenced by the pro-Israel lobby's success in suppressing divergent views. George Soros israelattitudebelieve Globalization has rendered the world increasingly interdependent, but international politics is still based on the sovereignty of states. George Soros investingeconomyworld The trouble with institutional investors is that their performance is usually measured relative to their peer group and not by an absolute yardstick. This makes them trend followers by definition. George Soros peersgroupsfollowers I call government that works the best for people open society, which is basically just another more general term for a democracy that is - you call it maybe a liberal democracy. It's not only majority rule but also respect for minorities and minority opinions and the rule of law. So it's really a sort of institutional democracy. George Soros majority-rulegovernmentlaw The assumption of perfect knowledge is very far from reality ... a lot of the evil in the world is actually not intentional. George Soros evilperfectreality The lower interest rates fueled housing and consumption booms in countries such as Spain and Ireland. At the same time, Germany, struggling with the burdens of reunification, tightened its belt and became more competitive. All this led to a wide divergence in economic performance. Europe became divided into creditor and debtor countries. George Soros struggleeuropecountry 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. George Soros investingsuccessfulviews
