The Life of George Soros and his Achievement

George Soros was born in 1930 in Budapest, Hungary. He is affiliated with Soros Fund Management, a company he founded and other businesses such as Arnhold & S. Bleichroeder, F.M. Mayer, and Wertheim & Company.George Soros became famous in the international notoriety in September of 1992 when he risked $10 billion on a single currency speculation and finally shorted the British Pound. George Soros turned out to be right and made a profit of $1 billion, but he almost hit $2 billion. After this moment, he was then referred to as “the man who broke the Bank of England.”

Read this article at Washington Times.

Soros was the man who runs the famous Quantum Fund, which generated an average of 30% when he was the leader of the financial company. Due to his controversial predictions that have elicited great discussions, including the famous pound trade, he was cited by many as the “trigger” behind the 1997 Asian Financial Crisis, which he had a large bet against Thai baht.

Soros fled Hungary in 1947 and went to England where he graduated from the London School of Economics in 1952. He then started his career in an entry-level position with an investment bank in London. He immigrated to U.S. in 1956 and held analysts and investment management positions at the New York of F.M. Mayer (1956-69), Wertheim & Co. (1959-63) and Arnhold & S. Bleichroeder (1963-73). He went off his path in 1973 founded the Soros Fund Management on, a hedge that evolved into the well-known and respected Quantum Fund.

In the late 1980s, he gave up the day-to-day management of the Quantum Fund and as one of the wealthiest people, George Soros chose to become a donor where he donated large sums of money using the Open Society Foundation. George Soros is also involved in politics where he sponsored the Democratic candidates such as Hilary Clinton. He has been a writer and a lecturer on the role of the U.S. in the world affairs and how to tackle the issues affecting us such as education, human rights, and political freedom.

George Soros is a man who can be described as charming and will to help the unfortunate in the society. When he was offered an honorary degree from the Oxford University and was asked how he liked to be referred, he answered that he would like to be called the financial, philanthropic and philosophical gambler. George Soros is known for his style of translating broad-brush economic trends into highly leveraged currencies, and killer plays in bonds. As an investor, he was a short-term speculator, and he used to make huge bets on currencies and the directions of the financial markets. According to him, markets are chaotic because the prices and currencies are depended on the traders, choices made by human beings which include both professional and non-professionals buying and selling these assets.

One thought on “The Life of George Soros and his Achievement

  • by Sarai Anton This is post author

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