George Soros is a Hungarian-American business magnate, investor, philanthropist, and author who is of Jewish-Hungarian ancestry and holds dual citizenship. He is chairman of Soros Fund Management.
Born: August 12, 1930 (age 85)
“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.”
“Well, you know, I was a human being before I became a businessman. ”
“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. ”
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong. ”
“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected. ”
“Markets are designed to allow individuals to look after their private needs and to pursue profit. It’s really a great invention and I wouldn’t under-estimate the value of that, but they’re not designed to take care of social needs.”