George Soros Quotes

I don't know if we're on the edge of the precipice, but we're in a very, very, very difficult situation.

Uncertainty is killing this economy.

There was something superficial in attributing anything so awful as the Great Depression to anything so insubstantial as speculation in common stocks.

Everyone would like the world always to be in bubble times. But that doesn't happen.

Europe is on an economic collision course with reality.

Everyone failed to appreciate that our sophisticated, hypermodern, highly hedged, derivative-based financial system—how ultimately fragile it really was.

I have 13 bankers in my office, and they say that if you go forward with this you will cause the worst financial crisis since World War II.

I experienced the year 2000 dot com crash and the 2008 financial crisis, and it almost wiped out the company.

It's the deleveraging that's going on right now that has caused the credit crisis.

There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis.

And people really behaved in a fraudulent way or something, we'll go back and find the culprits later on. But that really isn't the problem we have. I mean that's where it came from, though. We leveraged up and if you have a 20 percent fall in value of a $20 trillion asset, that's $4 trillion. And when $4 trillion lands - losses land in the wrong part of this economy, it can gum up the whole place.

At some point, there will be some other financial crisis. It's in the nature of a capitalist system.

If you're one car accident away from poverty, you're on a high wire without a safety net. And that's a challenging proposition.

People aren't as impressed by homes anymore after they saw how they collapsed in price with the financial crisis.

Betting that markets will be 'volatile' is like betting the weather will be partly cloudy. It's a smart-sounding strategy that doesn't mean much.

I'm astonished at how quickly the Great Recession came and went.

We do not live in an economy, we live in a Ponzi scheme.

Sometimes a lengthened period of prosperity melts away in a moment; just as the heat of summer flies before a day of tempest.

A hyperactive stock market is the pickpocket of enterprise.

I think it's been, you know, kind of like a tragic play to this point. But at this point, I think it's clear, and will be clear to the majority of the Congress. I think it's clear to the American people that there is only one countervailing force to a world where financial institutions are trying to sell instruments every day and where credit has dried up, and that's the United States Treasury.

Speculation in land may be necessary to capitalism, but speculative orgies periodically become a quagmire of destruction for capital itself.

We are in a big, fat, ugly bubble. And we better be awfully careful.

The onset of a crisis is usually triggered by a spectacular failure which shakes confidence in fictitious forms of capital.

The inborn instability of capitalism has been part of the history of the system for several hundred years, including recurrent speculative episodes. There should be no doubt in anyone's mind that we're now having another one of those speculative episodes.

No one was responsible for the great Wall Street crash. No one engineered the speculation that preceded it. Both were the product of free choice and decision of hundreds of thousands of individuals.