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article imageGeorge Soros tells investors to play it safe

By Owen Weldon     Jan 6, 2012 in Business
George Soros had some advice to give to investors who are thinking about making quick money through financial markets. He said “it’s better to do nothing at all then to keep losing money.”
Soros spoke at the Indian School of Business (ISB) with Professor Reuben Abraham, who is the executive director of the Centre for Emerging Market Solutions. Soros said that the time to play it safe is now because the markets are nowhere near an equilibrium situation. Soros was at the school talking about a variety of issues that ranged from reforms in Myanmar to open society and religion.
According to The Hindu, Soros said that the entire situation is way too hard to predict.
According to the Hindu Business Line, Soros left the audience shaken when he gave his view on accountability and transparency of business houses, after somebody asked him about the subject.
Soros said that the transparency and accountability demand is overdone. Soros continued to say that everything cannot be transparent. He went on to say that not everything can be said in public, and some business discussions need to be kept private. He added that if every business discussion ends up being public, then people would need to go to the bathroom to discuss it.
According to the Times of India, A member of the audience asked Soros about India and he remained silent on the subject. The only thing he really said was that he wanted to get updated about India but he couldn’t tell anybody about India. He went on to tell the member that they could tell him about India instead.
While at the gathering, Soros also spoke about the Euro crisis. Soros said that the existence of the EU is endangered because of the Euro. He said that if the currency breaks down then the EU would end up breaking apart.
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