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George Soros
Stock Market: Invest in Your Fortune. Success Stories
"It no big deal at all if you are right or wrong. The only thing that matters is how much you earn by being right, and how much you lose by being wrong."
George Soros was born in 1930 in Budapest. He graduated from the London School of Economics to come to New York to work as a trader. In 1969 he teamed up with Jim Rogers, analyst, to start the Quantum hedge fund.
His financial career a queue of dramatic ups and downs, Soros taking as much as $2-bln intraday profit in September 1992 playing on the pound/dollar rate. He earned $1.1 bln on 2003 speculation to be counterbalanced by $2-bln loss on Russian 1998 daunting crisis, Soros also losing near $3 bln on the NASDAQ bearish trend in Spring 2000.
Soros’ market activities are focused on forex speculations. He gets information from ordinary papers and never refers to the Wall Street research data. He doesn’t believe the technical analysis to be an efficient market tool, his investment solutions based on his idea of financial markets being rough-and-tumble territory. He believes share, bond and forex prices to be geared by nothing but people, who buy and sell them, their activities, believed to be guided by in-depth strategy, often knee-jerk.
Soros gives dramatic moneys for charity, donating about $500 in 2001.
The actual price of $1, invested in Quantum Fund in 1969 is $4000
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