George Soros, Hungarian as Soros György, born Schwartz György

George
Soros, Hungarian as Soros György, born Schwartz György
1930

Hungarian-born American Fiancier, Businessman and Philanthropist, Chairman of Soros Fund Management

Author Quotes

The main obstacle for a new world order is America.

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.

We are the most powerful nation on earth. No external power, no terrorist organization, can defeat us. But we can defeat ourselves by getting caught in a quagmire.

You know, these things interested me before I became a businessman and I kind of neglected them during twenty, twenty-five years, while I was engaged in making money, because running a hedge fund takes, you know, a hundred percent of your attention on Saturday morning, and so I didn't get involved in these issues very much. It's only when I was rather successful at it and I've made enough money for my personal needs and to look after my family that we established this interest and, by now, it is more important to me than my business.

The main obstacle to a stable and just world order is the United States. This is a harsh — indeed, for me, painful — thing to say, but unfortunately I am convinced it is true. The United States continues to set the agenda for the world in spite of its loss of influence since 9/11, and the Bush administration is setting the wrong agenda. The Bush agenda is nationalistic: it emphasizes the use of force and ignores global problems whose solution requires international cooperation. The rest of the world dances to the tune the United States is playing, and if that continues too long we are in danger of destroying our civilization. Changing the attitude and policies of the United States remains my top priority.

The world order needs a major overhaul.

We face a vicious circle of escalating violence. President Bush ran on the platform of a humble foreign policy in 2000. If we re-elect him now, we endorse the Bush doctrine of preemptive action and the invasion of Iraq, and we will have to live with the consequences.

The main obstacle to further progress on the resource curse is China, and to a lesser extent India.

The worse a situation becomes the less it takes to turn it around, the bigger the upside.

We have come to realize that a large hedge fund like Quantum Fund is no longer the best way to manage money... Markets have become extremely unstable and historical measures of value at risk no longer apply.

The market today is dominated by much younger people who have not experienced a bear market.

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.

We live in a global economy, but the political organization of our global society is woefully inadequate. We are bereft of the capacity to preserve peace and to counteract the excesses of the financial markets. Without these controls, the global economy, is liable to break down

The markets are always on the side of exuberance or fear. It's fear and greed. Right now greed has the better of it, which is rather nice (for investors) as long as it doesn't get out of hand,

There's (a) problem that I think is brewing, and that is the end of the housing boom in the United States and the ability of households to spend more than they earn because the value of their house is rising.

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.

The nation is deeply divided and the two camps seem to be talking past each other. John Kerry won all three debates but President Bush invokes his faith and that inspires his followers. In the end, it boils down to a philosophical difference over how to deal with an often confusing and threatening reality.

This asymmetry in the treatment of lenders and borrowers is a major source of instability in the global capitalist system and it needs to be corrected.

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. I go into some detail as to what that entails. Mankind’s power over nature has increased cumulatively while its ability to govern itself has not kept pace. There is no other country that can take the place of the United States in the foreseeable future. If the United States fails to provide the right kind of leadership our civilization may destroy itself. That is the unpleasant reality that confronts us.

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,

This is the most important election of my lifetime. I have never been heavily involved in partisan politics but these are not normal times. President Bush is endangering our safety, hurting our vital interests and undermining American values. That is why I am publishing this message. I have been demonized by the Bush campaign but I hope you will give me a hearing.

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.

The Palestine problem does not have a purely military solution. Military superiority is necessary for Israel's national security, but it is not sufficient. The solution has to be political, as President Clinton recognized.

This reorganization took place in the full glare of publicity and involved the departure of a large number of employees. Inevitably this gave rise to rumors ... but in fact everything went according to plan,

We try to catch new trends early and in later stages we try to catch trend reversals. Therefore, we tend to stabilize rather than destabilize the market. We are not doing this as a public service. It is our style of making money.

Author Picture
First Name
George
Last Name
Soros, Hungarian as Soros György, born Schwartz György
Birth Date
1930
Bio

Hungarian-born American Fiancier, Businessman and Philanthropist, Chairman of Soros Fund Management