George Soros is a writer, financial speculator, and philanthropist. He is ranked as the 80th wealthiest person in the world by Forbes magazine and is infamous for making over $1 billion on the 1992 British economic crisis known as Black Wednesday. He has contributed to a number of political and humanitarian causes, notably in Georgia's Rose Revolution and the anti-Soviet Charter 77. He has long contested the driving principle of many investors, that over time markets tend towards equilibrium. Recently, he has identified current uncertainties as indicators of what he calls the worst financial crisis since The Great Depression. He has also blamed the current situation on mistakes made in the governments of Margaret Thatcher and Ronald Reagan.
Philosophy
- Characterized by his devotion to "fallibilism," the acceptance that anything he believes may be wrong
- Argues financial markets and transactions marked by disequilibrium
- Believes personal biases effect changes in the market
- Has attributed a resurgence in antisemitism to the policies of Israel and the United States and to high-profile, successful Jews like himself
George Soros News
- Google News: George Soros
- Bloomberg: Soros Lambastes Market Theory, Says It Created `Super-Bubble' (April 4, 2008)
- "We are facing the worst financial crisis since the Great Depression, Soros writes...the culprit, he says, is a misconception that markets can correct themselves, no matter how we short-circuit them with easy money, massive leverage and brain-bending synthetic instruments."
- Newsmax: Soros: U.S. Facing Depression, Bush Clueless (April 4, 2008)
- Telegraph: George Soros Publishes New Credit Crunch Book (April 3, 2008)
- Times Online: Is George Soros Right That Economy Is Doomed? (January 27, 2008)
- BBC News: Soros Says US Recession Is Likely (January 23, 2008)
- Times Online: Anti-War Soros Funded Iraq Study (January 13, 2008)
- New York Post: A Fan Obama Doesn't Need (February 2, 2007)
