George Soros fled the Nazi Germany from Hungary to England. He got educated in England and in 1952 Soros graduated from the London School of Economics and obtained an entry level position. He worked first at an investment bank in London. In the year 1956, George Soros immigrated to the United State. While there he held an investment analyst post with an investment bank in New York. He worked there up to the year 1959 then later with Wertheim & Co. and Arnhold & S. Bleichroeder.
After working for others he went on his own from the year 1973. George Soros founded a hedge fund company and named it Soros Fund Management. It then grew to become a recognized and respected Quantum Fund. For over two decades he managed the hedge fund successfully making returns of over 30% and at times made returns of more than 100%.
In 1980 he left the day to day management of his firm and being one of the wealthiest people in the world he started philanthropy. George Soros has donated huge amounts of funds worldwide. In the recent years, he has been involved in political activism. Soros has also taught and written extensively on role of the US in dealing with human rights, politics and education. Soros also has an honorary degree from Oxford University. George Soros regards himself as a philosophical speculator and a contributor.
George Soros is a master in translating the economic trends. He describes the economic market as chaotic on https://en.wikipedia.org/wiki/Soros_Fund_Management. In September 1992 Soros made a fortune by predicting the pound outcome correctly. Soros sold more than $10 billion in pounds and made a profit of 1$ dollars. He demolished the monetary system of the Great Britain in a day. On that day it is safe to say that George Soros brought the bank of England to its knees. The bet he made can only be said to be elegantly constructed against the currency. After that loss in the same night, Lamont held a news conference to announce that Britain was exiting the ERM. They also floated their currency on the market, Soros and other speculators had won.
The price of securities and currencies depend on human beings as Soros says. These humans whether professionals or non-professionals act on www.valuewalk.com/2016/05/george-soros-broke-gbp-trade-century/ on emotions instead of logic. Market participants also influence each other according to Soros and move in masses. George Soros says on his part he has an instinctive physical reaction of when to sell and buy. This makes Soros model or strategies are difficult to emulate or model.
After George Soros retired over 20 years’ age, he used that time speculating for other people using their money and has made both him and them very wealthy.
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