Gorge Soros is a philanthropist and founder of the Open Society Foundations. He is also the chairperson of the Soros Fund Management. Soros was born in Budapest in the year 1930 from where he fled due to the World War two. He later settled in England and attended the London School of Economics. After his graduation from the London School of Economics, Soros moved to the United States where he managed to accumulate a lot of fortune though the international investment fund. He is also known to have helped black students from South Africa to attend the Cape Town University as part of his activities as a philanthropist.
George Soros is an investor who used to make huge bets on the trends of the financial markets. He used to describe the financial markets as being chaotic because the market’s prices are dictated by traders both professional and non-professional. The traders could act out of their emotions rather than being logical. Soros also stated that market participants usually reasoned using the herds’ mentality. According to him, market participants moved with the crowd but always keen on finding an opportunity to get out in front and make a kill. Before retiring back in 2000, Soros had spent much of his career life doing speculations with billions of money belonging to other people. Through his Quantum Fund, Soros managed to make himself and others very wealthy through the profits he accumulated. Soros’ net results have made him one of the most recognized and most affluent investors around the globe.
George Soros Trading Again
The idea behind leading the series was inspired by the outlook of the global economy which seems to be heading in a wrong direction. It was also reported that Soros Fund Management had sold its stocks and bought gold and shares from gold miners. The move was made with the anticipation of weakness in various markets. Gold is always considered a haven during times of turmoil. The decision to purchase gold and shares is significant to Soros after winning a bet against the British Pound back in 1992. The trade earned Soros profits amounting to one billion U.S Dollars. Lately, Soros is more interested in public policies and philanthropy. He is also known to be backing Hillary Clinton bid for the presidency and he has also donated to groups that support Democrats.
George Soros is reported by his employees to be intimately involved in the management of his investments. Senior executives working at his investments has stated how Soros has always inserted himself into the firm’s activities usually after the company has suffered losses. Since the beginning of 2016, Soros began spending much time in office directing trades.
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