Who then is Soros? The official story says that he was born in 1930 to Jewish parents and as a teenager had been chased from Budapest by the Nazis. He enrolled at the London School of Economics and in the mid-50’s came to the U.S. There he was magically drawn to Wall Street, but his career until 1969 was rather unspectacular. Then with a partner he took over an investment fund. He sold stocks he didn’t own as futures, hoping that their price would fall nearer the qualifying date and that he could acquire them at a price lower than his selling price. From this fund, the Quantum Group evolved, a family of investment funds operating for the Dutch West Indies. Quantum is one of the most impressive “investment machines” in the world. In eight of the last twenty-four years it made an “official” profit of over 50%, in two of those years even over 100%. In the meantime Soros handed business over to a group of managers and limits himself to designing the “great campaigns”. He put down his principles in the book The Alchemy of Finance, where he says what “financial speculators this is more important than real economic facts”. But this is but the picture the media – and we know who owns them – paint of him. Who is he in reality?
Posted on: Wed, 12 Nov 2014 18:04:44 +0000
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