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“Confucius emphasised the crucial role of trust in the authorities: ‘Three things are necessary for government: weapons, food and trust. If a ruler cannot hold on to all three, he should give up weapons first and food next. Trust should be guarded to the end: without trust we cannot stand.’5 Those”
― The End of Alchemy: Money, Banking, and the Future of the Global Economy
― The End of Alchemy: Money, Banking, and the Future of the Global Economy
“Radical uncertainty cannot be described in the probabilistic terms applicable to a game of chance. It is not just that we do not know what will happen. We often do not even know the kinds of things that might happen.”
― Radical Uncertainty: Decision-making for an unknowable future
― Radical Uncertainty: Decision-making for an unknowable future
“I wish I could write a book that will be read for as long as our civilization lasts... I would value it much more highly than any business success if I could contribute to an understanding of the world in which we live or, better yet, if I could help to preserve the economic and political system that has allowed me to flourish as a participant.”
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“Tell us about the crisis of 1981.
It started much earlier, around the time I spelled out my three-stage strategy. Here I was, extremely successful, but I made a point of denying my success. I worked like a dog. I felt that it would endanger my success if I abandoned my sense of insecurity. And what was my reward? More money, more responsibility, more work-and more pain-because I relied on pain, as a decision-making tool.”
― Soros on Soros: Staying Ahead of the Curve
It started much earlier, around the time I spelled out my three-stage strategy. Here I was, extremely successful, but I made a point of denying my success. I worked like a dog. I felt that it would endanger my success if I abandoned my sense of insecurity. And what was my reward? More money, more responsibility, more work-and more pain-because I relied on pain, as a decision-making tool.”
― Soros on Soros: Staying Ahead of the Curve
“On the abstract level, I have turned the belief in my own fallibility into the cornerstone of an elaborate philosophy. On a personal level, I am a very critical person who looks for defects in myself as well as in others. But, being so critical, I am also quite forgiving. I couldn't recognize my mistakes if I couldn't forgive myself. To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride. Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes.”
― Soros on Soros: Staying Ahead of the Curve
― Soros on Soros: Staying Ahead of the Curve
Isaac’s 2025 Year in Books
Take a look at Isaac’s Year in Books, including some fun facts about their reading.
Favorite Genres
Polls voted on by Isaac
Lists liked by Isaac
