Unpredictable risks caused 2008 economic crisis, says Soros at Budapest CEU

Risks can be quantified but all of their elements cannot be calculated in advance and this led to the 2007/2008 financial crisis, US financier and philanthropist George Soros said on Wednesday at the university he founded in Budapest.

The Hungarian-born businessman launched the Hungarian edition of his latest book The Soros Lectures at the Central European University, where he is honorary chairman of the board.

The book presents his general theory of reflexivity and the concept of open society.

Source :http://www.politics.hu/20131128/unpredictable-risks-caused-2008-economic-crisis-says-soros-at-budapest-ceu/