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
So I think what needs to happen is he needs to be removed from power,
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,
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 underestimate the value of that. But they're not designed to take care of social needs.
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.
The world order needs a major overhaul.
As a society we can't live without moral considerations. We do have to protect the public good. And markets are not designed to do that, so we need a political process.
If the terrorists have the sympathy of people, it's much harder to find them. So we need people on our side, and that leads us to be responsible leaders of the world, show some concern with the problems.
Markets are imperfect. So you do need regulation, knowing that the regulators are also human.
Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge...
America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
As the housing boom cools off, there will be a shortfall in demand (which will) affect the global economy.
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.
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.
I think I lost my touch some time ago. I'm like an aging boxer that should not go into the ring,