After a long break, the Bearish trader is back to investment trading after being lured by the big profits he sees in the predicted economic trouble. The great man is known for foretelling future events, many of which have come true. In an earlier interview, he spoke largely about the impending failure of the European Union. He is currently worried about the outlook for the global economy, and thus has directed a huge share of bearish investments to reap from the impending disaster. The investor gained $1 billion profits when he traded in 1992. He earned fame with a bet against the British pound with a single currency speculation. For that risky bet, he is known as the man who broke the Bank of England. Mr. George Soros is also famous for running the successful Quantum Fund. The CEO of Soros Fund Management LLC, which manages funds for the Soros family, bought gold after selling stocks anticipating the turmoil by different markets. His company manages over $30 billion for him and his family.
The Market Watch notes that Mr. George Soros has recently taken a back seat in investing as he prefers to delegate trading to his executives. He has been directing trades in his office as his officials focus on investing. This came after the company suffered significant losses. He, however, chooses to keep a close eye on his investments.
George Soros | The New York Review of Books
George Soros is an investor who was born in 1930 in Budapest, Hungary. He is a philanthropist and is involved in public policy and politics. The 85-year old billionaire is Democrat enthusiast who has shown Hillary Clinton the support she needs while donating to other Democrat supporters. Soros fled Hungary to England where he sought his education and graduated in 1952 from London School of Economics. Soros began his career as an entry level investment banker with a bank in England before moving to the U.S to advance his career. In the States, he held several investment management positions in big firms before starting his company. Soros led Soros Fund Management LLC aggressively to boast impressive annual returns.
As a very wealthy man, Soros has been actively involved in philanthropy as he shares his wealth with the less fortunate in society. He has helped shape public policy and continues to give insight on matters dear to him. Besides philanthropy, he is involved in political activism. He lectures and writes extensively on political topics on issues such as political freedom, education, and human rights. Visit Open Society Foundations website to know more about George Soros.
The financial, philanthropic and philosophical speculator received an honorary degree from Oxford University for his role in politics, economics, and philanthropy. George Soros is a master at translating economic trends, a risky investor, and an instinctive speculator.
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