Quotes of All Topics . Occasions . Authors
I'm only rich because I know when I'm wrong...I basically have survived by recognizing my mistakes.
Every bubble has two components: something - some real trend, and a misconception about that trend.
Of course, speculation will always make a crisis worse. If there is a weak point, it will expose it.
The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
I chose America as my home because I value freedom and democracy, civil liberties and an open society.
President Bush is endangering our safety, hurting our vital interests, and undermining American values.
Increase your bets when you are confident and scale down your positions when you don't have conviction.
I think that my foundation uses the money better than the government does. In any event, I do pay taxes.
I admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction.
If every rich person gave 50 percent of their wealth to charity, I would not say they should pay more taxes.
It is much easier to put existing resources to better use, than to develop resources where they do not exist.
Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail.
Mankind's ability to understand and control the forces of nature greatly exceeds our ability to govern ourselves
Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
Democracy, by its very nature, can't be imposed on people. Democracy has to be the people deciding for themselves.
President George W. Bush is endangering the United States and the world's safety while undermining American values.
I have made it a principle to give advice that does not serve my personal interest but rather the common interests.
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
I commissioned two political experts to advise me about what I could do to oppose the re-election of President Bush.
The financial markets play an active role in determining what's going to happen, how the economy is going to function.
Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you're doomed to do poorly.
America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
The assumption of perfect knowledge is very far from reality ... a lot of the evil in the world is actually not intentional.
The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
You could adjust the punishment to fit the infraction. Even a small fine would be enough to bring an errant government to heel.
Sometimes time actually works against you if you refuse to face the relevant issues and explain to the public what is at stake.
What works for Germany can't work for the rest of Europe: No country can run a chronic surplus without others running deficits.
I called gold the ultimate bubble, which means it may go higher. But it’s certainly not safe and it’s not going to last forever.
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on.
The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
Globalization has rendered the world increasingly interdependent, but international politics is still based on the sovereignty of states.
The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).
The dark comes before dawn. The financial markets are under great pressure because of the lack of leadership during the transition period.
A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to.
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
Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.
As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.
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.
Everything adds up to a major crisis. Humanity is faced with a global energy crisis ... The core of the crisis lies in the increasing shortage of oil.
I am not a Zionist, nor am I am a practicing Jew, but I have a great deal of sympathy for my fellow Jews and a deep concern for the survival of Israel.
I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs.
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.
When I had made more money than I needed for myself and my family, I set up a foundation to promote the values and principles of a free and open society.
Increasingly, the Chinese will own a lot more of the world because they will be converting their dollar reserves and U.S. government bonds into real assets.