7. George Soros
“I think the natural instinct is to engage in charity. But that has some negative side effects, because charity can turn the recipients into objects of charity, who become dependent instead of depending on themselves. There are people, like the sick and the old, who need to be taken care of. But particularly in the case of children and young people, it is much more important to enable them to improve themselves, giving them opportunities to learn. Scholarships are better than charity.”
This quote was taken from an interview with the South China Morning Post on April 4, 2013.
J-Connection: Born in Budapest before World War II, investment savant George Soros survived Hungary’s Nazi occupation. Following the war, Soros moved to England where he lived with an Orthodox Jewish uncle. He is now one of the world’s biggest philanthropists.