George Soros - America last: The secret to left

George Soros - America last: The secret to left

After several phases of investment can make another stunt, in 1993, George Soros income reached a record $ 1.1 billion, surpassing all competitors on Wall Street.

George Soros's motto is quite remarkable: In business, the right or wrong is not important, what is important is that if true would have much money, and if wrong how much money will be lost.

George Soros said, like many other investors, to have been the right decision, he must gather information and analyze them meticulously, plus a bit of instinct and luck to create success.

Besides, one of the factors for the success of George Soros is drunk he always worked tirelessly, every night sleep only 2 hours.

According to economic experts on Wall Street: People go right, go left separately but George Soros proved himself the right path. Contrary to many economists, the basic theory of George Soros's investment financial markets - where most volatile. At that, the price of stocks, bonds, currencies depends on the buyer and seller but most often they act on emotions rather than using logic calculations.

George Soros believes that investors always influenced each other and tend to move in large numbers. George Soros is trying to understand the direction of the majority. However, the decisive moment, he will be separated from the general trend and go their own way with their best interests.

The experience of the investor George Soros has proved that he is an investor scholarly understanding of the international financial system. Center of the George Soros is the principle difference between image and reality, rather he is a merchant with intuitive hunch.

At the London School of Economics, George Soros has been learned in psychology and sociology. He applied what they have learned into their investment strategy when he said that the problem of evaluating the value of shares or goods not as important as evaluating the concept of an asset and recognize time that the property or change that notion.

And it is the knowledge of psychology and sociology George Soros helped form the investment principles as well as the feeling of his business, even though that's not always the case when he was not less tasted bitter defeat.

Many people believe that George Soros is a risk taker when they dare to do things that go against the majority and can bear a lot of risks. But both theory and practice have shown that the rate of return will be higher the greater the risk. A business genius speculation as George Soros understands that should he have to take risks and dare to take risks.