Home / World / 10 Quotes From the World’s Most Controversial Billionaire

10 Quotes From the World’s Most Controversial Billionaire

George Soros may have made a billion dollars short-selling the pound sterling, earning him the title of “The Man Who Broke the Bank of England,” but what he really wanted to be was a philosopher.

The chairman of Soros Fund Management made a bold move in the early ’90s to short-sell the pound sterling, speculating that the British government would be forced to break from the European Exchange Rate Mechanism (ERM) and allow the British pound to devalue in relation to other currencies.

1. “If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”

2. “I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.”

3. “Misconceptions play a prominent role in my view of the world.”

4. “It is credit that matters, not money (in other words, monetarism is a false ideology).”

5. “The 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.”

6. “I was a human being before I became a businessman.”

7. “Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.”

8. “The worse a situation becomes, the less it takes to turn it around, and the bigger the upside.”

9. Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity.”

10. “Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.”