George Soros - "A hand covering the whole sky" - Term 2: There should be even

George Soros - "A hand covering the whole sky" - Term 2: There should be even

His childhood was associated with the horrible day when the Nazi massacre of Jews during the Second World War.

George Soros is Jewish, was born on 12/08/1930 in Hungary, was the son of a lawyer. His childhood was associated with the horrible day when the Nazi massacre of Jews during the Second World War. In 1947 alone boy George Soros to the capital London.

Initial work of George Soros in the UK as a waitress at the restaurant a luxury, when the family were living in social assistance. 18 years, with the money earned by harvesting apples and paint job renting, George Soros enrolled in the London School of Economics.

After school, he also had to be the night watchman at a train station. George Soros graduated from the London Business School in 1952. In 1956 he went to America to reunite with his parents and siblings and U.S. citizenship. This is where he started as a business with the meager $ 5,000.

In New York, George Soros worked for two securities firms before joining Arnold & Bleichroeder firm in 1963. 1969, using $ 250,000 of its own and about $ 6 million of the investors are not Americans know that he, George Soros founded a venture capital fund abroad, called Soros funds.

Soon after, George Soros left Arnold & Bleichroeder and carried away by the Soros fund he founded. Although the year 1970 is destitute of the U.S. stock market, but Soros funds to make food.

As a fund manager, George Soros focused search field underrated than worth it in the United States and in other countries. He bought stocks low and sell undesirable premature stocks are highly preferred.

George Soros has worked as waiters and porters.

George Soros the Quantum Fund fund renamed in 1979. The fund gained 103% profit with a capital of up to $ 380 million in 1980. In 1981, Institutional Investor magazine called George Soros is "the greatest investor the world." Total profit of the Quantum Fund in 1985 was 122% for George Soros also invested in foreign stocks and long-term bonds of the U.S. Treasury.

Of course, not all activities of George Soros investments are profitable. For example, in 1987, the Quantum Fund $ 840 million loss to the U.S. stock market and other countries in the October crash. However, the fund has achieved profit growth of 14% this year.

When diminishing role of the fund manager himself, George Soros switched to journalism, writing and charity work. He has published several books on finance and globalization issues quite well known as "The Alchemy of Finance" (1987), Soros on Soros (1995), George Soros on Globalization (2002) ... George Soros also received the honorary degrees from many prestigious universities such as Oxford University, Yale University, Budapest University of Economics.

From the 1970s, continuously Soros contributed to the fund to support students of color in college, especially in South Africa. According to Time magazine's estimates, the total amount spent Soros for social programs in the U.S., Africa and Russia is about $ 6 billion.

According to the latest Forbes list, billionaire George Soros is the 22 th richest in the world and the 12th U.S. with assets worth $ 20 billion. Renowned as one of the characters in the financial world, George Soros is one that can give "a hand covering the whole sky," void of any strong currency in the world and caused a crisis health by the inhabitants of Wall Street and London financial markets are always ready to follow and imitate him.

The decision stems from what he usually sensible judgment about the market, from the judgment based on the principles of business and the truth set of a veteran trader. However, along with the successes of Soros is often painful failures of many people, of many governments around the world by his decision to have a strong influence of international financial markets.