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George Soros

6 quotesPhilanthropist · Born Aug 12, 1930 · Hungary · Male

George Soros, Hon (, ; Hungarian: Soros György, pronounced [ˈʃoroʃ ˈɟørɟ]; born György Schwartz, August 12, 1930) is a Hungarian-American investor, business magnate, philanthropist, and author. Soros is one of the world's most successful investors. As of October 2017, he had a net worth of $8 billion. Born in Budapest, he survived Nazi Germany-occupied Hungary and emigrated to England in 1947. He attended the London School of Economics graduating with a bachelor's and eventually a master's in philosophy. He began his business career by taking various jobs at merchant banks in England and then the United States, before starting his first hedge fund, Double Eagle, in 1969. Profits from his first fund furnished the seed money to start Soros Fund Management, his second hedge fund, in 1970. Double Eagle was renamed the Quantum Fund and was the principal firm Soros advised. At its founding, the Quantum Fund had $12 million in assets under management, and as of 2011 it had $25 billion, the majority of his overall net worth. He is known as "The Man Who Broke the Bank of England" because of his short sale of US$10 billion worth of Pound sterling, making him a profit of $1 billion during the 1992 Black Wednesday UK currency crisi

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From “George Soros”

2008, we are repeating it. It was a time of a financial crisis and a bear market. And you have the same condition today. But the source of the equilibreum is different. In 2008, the root cause was subprime crisis in America. Now the root cause is basically China.

Finance Wall Street hedge funds Market Conditions

From “George Soros Lecture Series”

It may lead to an equilibrium where the participant's views come to corrospend to the actual state of affairs.

Finance Wall Street hedge funds Economics

The structure of the brain is another source of distortions.

Finance Wall Street Human Nature hedge funds

The main source of difficulty is that participants are part of the situation they have to deal with. Confronted by reality of extereme complexity we are ablyged to various methods of simplification. Generalizations, metaphors, moral precepts to mention a few.

Finance Wall Street hedge funds Human Nature

These distorted views can influence the situation to which they inflate. Because false views lead to inappropriate actions. That's the principle of reflexivity.

Finance Wall Street hedge funds markets

My conceptual framework enabled me to both anticipate the prices and deal with it when it finally struck. It has also enabled me to explain and predict events better than others.

Finance Wall Street hedge funds Market Conditions

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