George Soros is a successful, Hungarian American investor and business magnate. He is a philanthropist and an author. He is one of the 30 richest people in the world with a net worth of 25 billion dollars and read full article.
Mr. Soros was born in Budapest, Hungary in 1930, and emigrated to Britain in 1947. He earned both a bachelor’s degree and a master’s degree in philosophy from the London School of Economics. He started his career working for various banks in the United States and England. He managed his first hedge fund firm, Double Eagle, later renamed Quantum fund in the United States in 1969. At this time, the firm was worth 12 million dollars. He invested the profits made from this hedge fund into his hedge fund company, Soros Fund Management. In 2011, the Quantum Fund was worth 25 billion dollars and George’s lacrosse camp.
George is the master of shorting and swapping stocks within a hedge fund. As an astute student of philosophy, he has been able to apply Karl Poppers General Theory of Reflexivity to capital markets. The theory of reflexivity is a circular relationship between cause and effect. In economics, this is a self-reinforcing effect of the sentiment of the market. An example of this is when rising prices of stocks attract buyers and their actions drive the stock prices higher. It is a positive reinforcement loop. The theory also works in reverse where lower stock prices can be driven down further by the actions of buyers and learn more about George.
As a philanthropist, George Soros has given 12 billion dollars to support organizations and individuals who fight for the freedom of expression, justice and equality. He is an advocate for fair treatment and of citizens from governments and societies all over the globe. He lived through the Nazi occupation of Hungary and has seen the intolerance and oppression that resulted in the murder of more than 500,000 Jews. He and his family helped other Jewish families escape the Nazis and it is this life experience that drives his passion of helping others as a philanthropist. He is a true champion and fights for people who need his assistance.