“Well, you know, I was a human being before I became a businessman.” -George Soros, via Wikiquote
Mr. George Soros is a renowned American entrepreneur of Hungarian origin. He is also an author and a philanthropist. Soros was born in 1930 in the Hungarian capital, Budapest.
In 1973, Soros went on his own, forming a hedge fund company, Soros Fund Management. The hedge fund company would later morph into the reputable Quantum Fund. For nearly two decades, Soros run this aggressive and successful hedge fund, reportedly raking in profits more than 30% annually and, on two occasions, realizing annual returns above 100%.
Mr. George Soros gave up the daily management of the Quantum Fund. As one of the world’s wealthiest individuals, Soros decided to give to charity, donating colossal sums world over through his Open Society Foundation.
Mr. Soros’ investment acumen made him one of the world’s wealthiest. His ingenuity at translating broad-brush economic trends into highly leveraged, killer plays in bonds and currencies was unrivaled. Soros was a short-term speculator, making huge, well-meditated gambles on the trends of financial markets. He believed that financial, markets are chaotic and that prices of securities and currencies were dependent on human traders who buy and sell these assets. Often, he had the idea that these persons act based on emotion as opposed to logical considerations.
Soros also had it in mind that market participants influenced one another and acted in masses, thus by being more opportunistic he could make a kill by moving in front of the masses. He had an almost natural instinct to tell when best to buy or sell, always doing it with intricate strategies that made it hard for competitors to emulate.
Mr. Soros gained international recognition in September 1992 when he $10 billion on a single currency conjecture when he sorted the British pound. Things went right, and Soros generated nearly a $2 billion profit. Thanks to this bold venture, Soros came to be known as “the man who broke the Bank of England.”
Recently, George Soros has a newfound soft spot for political activism. He has written and as well lectured extensively on the United States’ role in world affairs and issues about human rights, education, and political freedom
As an author, George Soros has made several publications, some being; “The Alchemy of Finance”, “Soros on Soros: Staying Ahead of the Curve”. Others include, “Open Society: Reforming Global Capitalism”, and “The Bubble of American Supremacy: Correcting the Misuse of American Power”, among others
Soros endeavors in philanthropy were first noticed in 1979 when he gave scholarships to black South Africans under apartheid. In the 1980s, Soros helped in challenging communism in the Eastern Bloc by availing Xerox machines to copy prohibited texts, besides supporting cultural exchanges with the West. His foundations have also played a central role in putting up schools for unfortunate but promising students, refugees, and young people from marginalized areas world over.
An enviable entrepreneur, a distinguished author, and a selfless individual bent on leaving a mark on the global map can all be used to describe one man; George Soros.