George Soros has made his mark as an enormously successful speculator, wise enough to largely withdraw when still way ahead of the game. The bulk of his enormous winnings is now devoted to encouraging transitional and emerging nations to become "open societies," open not only in the sense of freedom of commerce but — more important — tolerant of new ideas and different modes of thinking and behavior.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "George Soros has made his mark as an enormously successful speculator, wise enough to largely withdraw when still way ahead of the game. The bulk of his enormous winnings is now devoted to encouraging transitional and emerging nations to become "open societies," open not only in the sense of freedom of commerce but — more important — tolerant of new ideas and different modes of thinking and behavior." in the context of "Paul Volcker in his foreword to The Alchemy of Finance (2003 edition)" to mean that wisdom is timeless.