Steve Kroft: In the last two years, you have been blamed for the financial collapse of Thailand, Malaysia, Indonesia, Japan and Russia. George Soros:… - George Soros

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Steve Kroft: In the last two years, you have been blamed for the financial collapse of Thailand, Malaysia, Indonesia, Japan and Russia.
George Soros: All of the above.
Steve Kroft: All of the above. Are you that powerful?
George Soros: No. I think there's a great misunderstanding.
Steve Kroft: The prime minister of Malaysia said that the region spent 40 years trying to build up its economy, and along comes a moron like Soros with a lot of money, and it's all over. He called you a criminal.
George Soros: It's easier for him to blame an outside force than to admit that they were mismanaging their economy and their currency. The French finance minister talked about hanging speculators from lamp posts.

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About George Soros

George Soros, born György Schwartz on 12 August 1930) is a Hungarian-born American businessman, philanthropist, and political activist. He is the chairman of Soros Fund Management and the Open Society Foundations.

Biography information from Wikiquote

Also Known As

Alternative Names: György Soros György Schwartz
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Additional quotes by George Soros

What is there to say? Risk taking is painful. Either you are willing to bear the pain yourself or you try to pass it on to others. Anyone who is in a risk taking business but cannot face the consequences is no good.

Lehetnek igaz állításaink azokról a helyzetekről, amelyeknek nem vagyunk résztvevői, és a saját helyzeteink megértése során is többé-kevésbé megközelíthetjük az igazságot. Mindazonáltal a valóság és a saját világképünk között mindenképpen van némi eltérés, és ez az eltérés a valóság részét képezi. Ezért olyan bonyolult a valóság, és ezért válik lehetetlenné a teljes megértés. A valóság mozgó célpont, amely mindörökre meghaladja képességeinket. A részvétel és a megértés hatnak egymásra, és ezáltal biztossá válik a megértés tökéletlensége, valamint az, hogy cselekedeteink nem várt következményekkel járnak.

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How would you describe your particular style of investing?
My peculiarity is that I don't have a particular style of investing or, more exactly, I try to change my style to fit the conditions. If you look at the history of the Fund, it has changed its character many times. For the first ten years, it used practically no macro instruments. Afterwards, macro investing became the dominant theme. But more recently, we started investing in industrial assets. I would put it this way: I do not play according to a given set of rules; I look for changes in the rules of the game.

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