George Soros Strategy Wins Big in the Financial Market

George Soros established the Open Society Foundation in 1979 he decided that he had enough money to make a change in the society. His great success can be attributed to his great success as the hedge fund manager that allowed him to pursue his ambition of establishing the open societies in places when leadership is more of an authoritarian form of government. According to George Soros, Open Society Foundation is based on the recognition of the understanding of the inherent imperfection of the world. Soros believes that what is imperfect can be improved.

He started his work by supporting the black students at the University of Cape Town in South Africa through scholarships and the Eastern European dissidents to study abroad. His success in the financial market was something that gave him a greater degree of independence than most other people. It is the independence that has allowed George Soros to take a stand on the most controversial issues on https://en.wikipedia.org/wiki/Soros_Fund_Management. Soros was born in 1930 in Budapest and fled to Britain after surviving the Nazi occupation during the World War II to flee the Communist-dominated Hungary in 1947 and opted for England.

He went to school in London and later graduated with a degree in economics from the London School of Economics. He then moved to the United States and settled as he worked for various positions in several investment banks. He then founded his investment firm, Soros Fund Management, which made him accumulate a large fortune through the international investment fund.

He is the author of several books including the “The Tragedy of the European Union” in 2014. His essays and articles on http://www.georgesoros.com/essays/ revolve around society, politics, and economics, and they regularly appear in major magazines and newspapers around the world. People know him as” the man who broke the Bank of England” after he placed a bet of $10 billion that the Bank of England would have to devalue its currency. The market reacted as George Soros had predicted and the Bank of England was forced to exit the ERM and devalue the GBP that helped George Soros make $1 billion in profit.

George Soros is also known for running the Quantum Fund that generated an average annual return of more than 30% while he was the president. In fact, Soros’s prediction of the market including the famous GBP trade was what many think he was behind the Asian financial crisis in 1997 which he had placed a large bet against the Thai baht. He is a master speculator in the financial market, and his strategy is to study the broad-brush economic trends both in currencies and bonds. Soros is a short speculator who wins big through making huge bets on what he predicts to be the directions of the financial markets.

The original article can be accessed at ValueWalk.

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