George Soros quotes - page 9

George Soros is a Hungarian-American investor, philanthropist, and political activist. Known for his successful hedge fund management and his support for progressive and liberal causes around the world. He has donated billions of dollars through his Open Society Foundations to promote democracy, education, and human rights. Here are 226 of his quotes:

I would prefer not to be involved in party politics.

George Soros

President Bush is endangering our safety, hurting our vital interests, and undermining American values.

George Soros

The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don't have much personal use for money. But I hate to think what would have happened if I hadn't made money: My ideas would not have gotten much play.

George Soros

We need to maintain law and order. We need to maintain peace in the world. We need to protect the environment. We need to have some degree of social justice, equality of opportunity. The markets are not designed to take care of those needs. That's a political process. And the market fundamentalists have managed to reduce providing those public goods.

George Soros

I think he's a man of good intentions. I don't doubt it. But I think he's leading us in the wrong direction.

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. We do need to intervene, to improve political and economic conditions inside countries that have bad governments, where people are suffering. One way of doing this, without violating sovereignty, is through constructive actions - reinforcements and incentives for countries that are moving in the right direction, toward an open society, a market economy, et cetera. That is what I'm advocating. I'm advocating preventive action of a constructive nature. And I would use military force only as the very last resort, when nothing else works.

George Soros

The war on terror is an abstraction. But the terrorists are real people and they are not all alike. Most of the people attacking our soldiers in Iraq originally had nothing to do with al Qaeda. They have been generated by the policies of the Bush administration. We have been spared a terrorist attack at home but it is quite a stretch to attribute that to the invasion of Iraq. The insurrection in Iraq, however, is a somber reality and it doesn't make us safer at home. Our security, far from improving as President Bush claims, is deteriorating.

George Soros

The pro-Israel lobby has been remarkably successful in suppressing criticism. Politicians challenge it at their peril because of the lobby's ability to influence political contributions. ... Following his criticism of repressive Israeli policy on the West Bank, former president Jimmy Carter has suffered the loss of some of the financial backers of his center.

George Soros

‘The EU needs to transform itself into an association that countries like Britain would want to join, in order to strengthen the political case,' Mr Soros said he was convinced it was the ideal time for the EU to reform itself and prepare the ground for the UK staying inside the bloc.

George Soros

I really want to help people who are hurt. And if I do that, I feel that my money is well-spent.

George Soros

The objective is to provide the best possible management for the assets of my family and foundations that may also be attractive to other investors with similar objectives, and to put into place a structure that will last beyond my lifetime.

George Soros

Most of the capital (in Indonesia) is in the hands of limited business groups, which don't feel so secure here. Any slightest risk will cause them take their money to Singapore.

George Soros

Over half of all AIDS cases involving children are directly related to unclean syringes.

George Soros

Economic theory is devoted to the study of equilibrium positions. The concept of equilibrium is very useful. It allows us to focus on the final outcome rather than the process that leads up to it. But the concept is also very deceptive. It has the aura of something empirical: since the adjustment process is supposed to lead to an equilibrium, an equilibrium position seems somehow implicit in our observations. That is not true. Equilibrium itself has rarely been observed in real life - market prices have a notorious habit of fluctuating.

George Soros

Steve Kroft: In the last two years, you have been blamed for the financial collapse of Thailand, Malaysia, Indonesia, Japan and Russia. George Soros: All of the above. Steve Kroft: All of the above. Are you that powerful? George Soros: No. I think there's a great misunderstanding. Steve Kroft: The prime minister of Malaysia said that the region spent 40 years trying to build up its economy, and along comes a moron like Soros with a lot of money, and it's all over. He called you a criminal. George Soros: It's easier for him to blame an outside force than to admit that they were mismanaging their economy and their currency. The French finance minister talked about hanging speculators from lamp posts.

George Soros

The prevailing wisdom is that markets are always right. I take the opposition position. I assume that markets are always wrong. Even if my assumption is occasionally wrong, I use it as a working hypothesis. It does not follow that one should always go against the prevailing trend. On the contrary, most of the time the trend prevails; only occasionally are the errors corrected. It is only on those occasions that one should go against the trend. This line of reasoning leads me to look for the flaw in every investment thesis. ... I am ahead of the curve. I watch out for telltale signs that a trend may be exhausted. Then I disengage from the herd and look for a different investment thesis. Or, if I think the trend has been carried to excess, I may probe going against it. Most of the time we are punished if we go against the trend. Only at an inflection point are we rewarded.

George Soros

It's more difficult, you know, to bring about positive change than it is to make money. It's much easier to make money, because it's a much easier way to measure success - the bottom line. 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. Why not use an entrepreneurial, rather than a bureaucratic, approach. As long as people genuinely care for the people they're trying to help, they can actually do a lot of good.

George Soros

I did spearhead the introduction of the Internet in countries like Russia, the former Soviet Union, because it is a very open system of communication. I think it has great potential for self-organization and self-organization is very much at the heart of an open society. The Internet is sort of a medium of open society. However, it can also be a medium of control and so we have to be careful it doesn't destroy you.

George Soros

Stock market bubbles don't grow out of thin air. They have a solid basis in reality - but reality as distorted by a misconception. Under normal conditions misconceptions are self-correcting, and the markets tend toward some kind of equilibrium. Occasionally, a misconception is reinforced by a trend prevailing in reality, and that is when a boom-bust process gets under way. Eventually the gap between reality and its false interpretation becomes unsustainable, and the bubble bursts.

George Soros

President Bush inadvertently played right into the hands of bin Laden. The invasion of Afghanistan was justified: that was where bin Laden lived and al Qaeda had its training camps. The invasion of Iraq was not similarly justified. It was President Bush's unintended gift to bin Laden.

George Soros

The war in Iraq was misconceived from start to finish - if it has a finish. It is a war of choice, not of necessity, as President Bush claims. It goes without saying that Saddam was a tyrant, and it is good to be rid of him. But in invading Iraq as we did, without a second UN resolution, we violated international law. By mistreating and even torturing prisoners, we violated the Geneva conventions. President Bush has boasted that we do not need a permission slip from the international community, but our disregard for international law has endangered our security, particularly the security of our troops.

George Soros

An open society is always in danger. It must constantly reaffirm its principles in order to survive. We are being sorely tested, first by 9/11 and then by President Bush's response. To pass the test we must face reality instead of finding solace in false certainties. This election transcends party loyalties. Our future as an open society depends on resisting the Siren's song.

George Soros