George Will
George Will
George Frederick Willis an American newspaper columnist and political commentator. He is a Pulitzer Prize–winner known for his conservative commentary on politics. In 1986, The Wall Street Journal called him "perhaps the most powerful journalist in America," in a league with Walter Lippmann...
ProfessionJournalist
Date of Birth4 May 1941
fashion real impact
Money values do not simply mirror the state of affairs in the real world; valuation is a positive act that makes an impact on the course of events. Monetary and real phenomena are connected in a reflexive fashion; that is, they influence each other mutually. The reflexive relationship manifests itself most clearly in the use and abuse of credit.
risk investing portfolios
When you sell options, you get paid for assuming risk. That can be a profitable business, but it does not mix well with the risks inherent in a leveraged portfolio.
fake-people smear-campaigns tactics
Now that I have called you on your false accusation, you are using additional smear tactics.
breakup real loss
There is no question that a breakup of the euro would be very damaging, very costly, both financially and politically. And the biggest loss would be incurred by Germany. Germans have to bear in mind that, effectively, they have suffered practically no losses so far. Transfers have all been in the form of loans, and it is only when the loans are not repaid that real losses will be incurred.
inspirational force mankind
Mankind's ability to understand and control the forces of nature greatly exceeds our ability to govern ourselves
running trends persist
Once a trend is established it tends to persist and to run it’s full course.
reality self financial
The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
investing lending rational
When money is free, the rational lender will keep on lending until there is no one else to lend to.
self investing principles
Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail.
lying different would-be
I 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.
country confused thinking
I think it is natural that every country has to take care of its interests, but there are some interests that are common to all countries. There are some human interests, or we need also international cooperation. We've sometimes confused it with dictation.
investing unexpected financial
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
bigger situation turns
The worse a situation becomes the less it takes to turn it around, the bigger the upside.
country years people
I give away something up to $500 million a year throughout the world promoting Open Society. My foundations support people in the country who care about an open society. It's their work that I'm supporting. So it's not me doing it.