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Sunday, April 18, 2010

Who is George Soros ?

Who is George Soros

George Soros, born Gy├Ârgy Schwartz,Hungary , he experienced the Nazi occupation of Hungary. Being Jewish, he was forced in 1936 to change his name. He fled the communist regime in 1947 to Great Britain. In 1952, he studied at the London School of Economics under the anti-communist philosopher Karl Kopper . In 1956 he emigrated to the United States with an idea in mind: to win half a million dollars. This was achieved, is fortune now stands at 14 billion dollars, which makes him rank at 35th on the Fortune Global Forbes's list of 2010.

Just installed, he creates his first investment fund The Soros Fund, which will be the cornerstone of the financial empire, Soros. In 1973, he founded Quantum Fund with Jim Rogers. For ten years, this fund will beat all records with earnings consistently exceeding 30%.

The general public finds out during the Great Depression of 1992. In speculating on a decline in the pound sterling, it causes such as fluctuations in the pound was forced out of the monetary system. This stunt earned him win nearly one billion in one night and being nicknamed "the man who blew up the bank of England."

But George Soros is not only an a outstanding speculator , he is also an unmatched philanthropist . With Open Society Institute that brings together twenty foundations whose aim is to defend human rights and promote democratic governance, it extends its influence in the political arena. George Soros describes himself as a "stateless head of state.

The man who wanted to be a philosopher and writer looks forward, building on its foundation, participate fully in the transformation of society. He, the speculator, as admired as criticism, has become the scourge of excessive liberalism and unbridled capitalism.
Anecdotes
Powerful and rich, it is not unusual that George Soros lends money to the states. A Russian emissary who demanded an additional loan, he replies curtly: "Do not it becomes a habit! "Referring to a previous loan that was granted to Boris Yeltsin that it maintain its commitment to pay pension arrears.
Quotation :
"When we realized that the misunderstanding is the lot of the human condition, there is no shame in being wrong, but only to fail to correct the mistakes. "
GEORGE SOROS BLOG

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George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.

In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.