George Soros
George Soros
George Sorosis a Hungarian-American business magnate, investor, philanthropist, political activist and author who is of Hungarian-Jewish ancestry and holds dual citizenship. He is chairman of Soros Fund Management. He is known as "The Man Who Broke the Bank of England" because of his short sale of US$10 billion worth of pounds, making him a profit of $1 billion during the 1992 Black Wednesday UK currency crisis. Soros is one of the 30 richest people in the world...
NationalityHungarian
ProfessionEntrepreneur
Date of Birth12 August 1930
CityBudapest, Hungary
I really want to help people who are hurt. And if I do that, I feel that my money is well-spent,
Markets are constantly in a state of uncertainty and flux and money is make by discounting the obvious and betting on the unexpected.
Most of the capital (in Indonesia) is in the hands of limited business groups, which don't feel so secure here. Any slightest risk will cause them take their money to Singapore.
In 2012, the far-right Golden Dawn won 21 seats in Greece's parliamentary election, the right-wing Jobbik gained ground in my native Hungary, and the National Front's Marine Le Pen received strong backing in France's presidential election. Growing support for similar forces across Europe points to an inescapable conclusion: the continent's prolonged financial crisis is creating a crisis of values that is now threatening the European Union itself.
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.
I'm only rich because I know when I'm wrong...I basically have survived by recognizing my mistakes.
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
I'm only rich because I know when I'm wrong.
No, because I've got the same courts that found me guilty in the first place.
I'm very worried about the supply-demand balance, which is very tight.
It will require, I think, the release of funds and perhaps even an increased package to bring stability, ... Everything that could have been done wrong has been done wrong.
Up to those amounts the countries concerned would be able to access international capital markets at prime rates. Beyond these, the creditors would have to beware.
As the housing boom cools off, there will be a shortfall in demand (which will) affect the global economy.
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,