Best George Soros Quotes

Best George Soros Quotes

George Soros quotes talk about various financial strategies and theories and about other difficult subjects. He speaks often in a way that is hard for the simple minded man to understand, it often requires a greater intellect to comprehend the words and sentences he puts together. His quotes show that he has an issue with world order and thinks it needs changing. He joins a list of Billionaires like Jeff Bezos and Bill Gates who all practice philanthropy.

George Soros Wiki

George Soros, Hon FBA is a Hungarian-American billionaire philanthropist and investor. In one of his quotes, he showed his disapproval for philanthropy, so it is surprising he is known to be one. He even showed his disapproval for what George W. Bush did after the tragic 911 episode. Below are a number of quotes from Soros.

Best George Soros Quotes

“I'm only rich because I know when I'm wrong.”
by George Soros

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“It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.”
by George Soros

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“It is much easier to put existing resources to better use, than to develop resources where they do not exist.”
by George Soros

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“Misconceptions play a prominent role in my view of the world.”
by George Soros

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“How good are markets in predicting real-world developments? Reading the record, it is striking how many calamities that I anticipated did not in fact materialise.Financial markets constantly anticipate events, both on the positive and on the negative side, which fail to materialise exactly because they have been anticipated.It is an old joke that the stock market has predicted seven of the last two recessions. Markets are often wrong.”
by George Soros

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“Scientific method seeks to understand things as they are, while alchemy seeks to bring about a desired state of affairs. To put it another way, the primary objective of science is truth, - that of alchemy, operational success.”
by George Soros

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“The fact that a thesis is flawed does not mean that we should not invest in it as long as other people believe in it and there is a large group of people left to be convinced. The point was made by John Maynard Keynes when he compared the stock market to a beauty contest where the winner is not the most beautiful contestant but the one whom the greatest number of people consider beautiful. Where I have something significant to add is in pointing out that it pays to look for the flaws; if we find them, we are ahead of the game because we can limit our losses when the market also discovers what we already know. It is when we are unaware of what could go wrong that we have to worry.”
by George Soros

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“In my view, philanthropy goes against the grain; therefore it generates a lot of hypocrisy and many paradoxes. Here are some examples: Philanthropy is supposed to be devoted to the benefit of others, but philanthropists are primarily concerned with their own benefit; philanthropy is supposed to help people, yet it often makes people dependent and turns them into objects of charity; applicants tell foundations what they want to hear, then proceed to do what the applicant wants to do.”
by George Soros

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“I developed a theory of salesmanship based on the principle that one must not on any account identify oneself with the merchandise one is selling. Selling is a game where you score when you make a sale. If you allow your ego to be involved, the customer can brush you off and you lose; but if you do not identify yourself with your work you will be able to redouble your efforts when you are rejected, and if you make a sale you come out the winner.”
by George Soros

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“Values are closely associated with with the concept of self - a reflexive concept if ever there was one. What we think has a much greater bearing on what we are than on the world around us. What we are cannot possibly correspond to what we think we are, but there is a two-way interplay between the two concepts. As we make our way in the world our sense of self evolves. The relationship between what we think we are and what we are in reality is the key to happiness - in other words, it provides the subjective meaning of life.”
by George Soros

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“I commissioned two political experts to advise me about what I could do to oppose the re-election of President Bush.”
by George Soros

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“The world order needs a major overhaul.”
by George Soros

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“There is a powerful case for the market mechanism, but it is not that markets are perfect; it is that in a world dominated by imperfect understanding, markets provide an efficient feedback mechanism for evaluating the results of one's decisions and correcting mistakes.”
by George Soros

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“My peculiarity is that I don't have a particular style of investing or, more exactly, I try to change my style to fit the conditions.”
by George Soros

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“On the abstract level, I have turned the belief in my own fallibility into the cornerstone of an elaborate philosophy. On a personal level, I am a very critical person who looks for defects in myself as well as in others. But, being so critical, I am also quite forgiving. I couldn't recognize my mistakes if I couldn't forgive myself. To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride. Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes.”
by George Soros

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“My main concern is with the world order.”
by George Soros

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“At present, the developed countries condescend to the developing ones.”
by George Soros

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“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.”
by George Soros

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“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.”
by George Soros

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“It is dangerous to build systemic reforms on a close association with one particular government. Systemic reforms need broad public participation and support. That is what makes them irreversible.”
by George Soros

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“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.”
by George Soros

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“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.”
by George Soros

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“Everybody says that I have a lot of power. But what does that power consist of?... Can I influence governments? I am beginning to be able to..." (1995)”
by George Soros

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“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.”
by George Soros

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