Although I have made a fortune in the financial markets, I now fear that the untrammeled intensification of laissez-faire capitalism and the spread of market values into all areas of life is endangering our open and democratic society. The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
George SorosAny central bank should only be in charge of liquidity. Solvency is a matter for the treasury.
George SorosIf every rich person gave 50 percent of their wealth to charity, I would not say they should pay more taxes.
George SorosThe 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.
George SorosMy approach works not by making valid predictions but by allowing me to correct false ones.
George SorosI would be lying, however, if I claimed that I could always formulate worthwhile hypotheses on the basis of my theoretical framework. Sometimes there were no reflexive processes to be found; sometimes I failed to find them; and, what was the most painful of all, sometimes I got them wrong. One way or another, I often invested without a worthwhile hypothesis and my activities were not very different from a random walk.
George Soros