George Soros was arguably the most powerful money managers of all times.
His decisions moved currencies, countries, stocks and commodities. In 1970 he co-founded the Quantum fund with
Jim Rogers At that time there were just two of them Soros the trader, Rogers the research analyst and a secretary. During their partnership tenure between 31st December 1969 to 31st December 1980 this fund chalked up a total return of 3365%.Like all the other legends
Soros did not spend much time reading the Wall Street Research reports. He considered them to be of little material value and insisted upon getting a first hand information on ideas through reading news papers, journals, periodicals etc. Soros used to pay big on the markets.
In 1992 his bet against the pound made him richer by US $ 1.5 billion where as
in another such currency swipe he lost about US $ 600 million by betting that the Japanese Yen would fall. In 1999 his views against the technology bubble made him go short and he ended up losing. A few months later he doubled his position and went long thinking to ride the rlly on the upside. Unfortunately he was caught on the wrong side and lost again.
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