Many people who have experienced the Asian financial turmoil may already be very familiar with the name Soros. As early as June, 65438+September, 0992, as the man who is known as "the man who can beat the Bank of England" made a profit of 2 billion dollars from the famous pound war, it marked the arrival of the "Soros era" in the international financial market. Soros, with a keen sense of smell, showed extraordinary superhuman talent in the stock, foreign exchange and futures markets.
Soros was born in a Jewish family in Budapest, Hungary on 1930. 1947 moved to the UK and graduated from the London School of Economics. 1956, he went to the United States, and the international investment fund he founded and managed accumulated a lot of wealth during this period. He spent three years studying the theory and analysis of financial arbitrage in various countries and studying international economic practice according to the needs of practical work. From 65438 to 0963, he began to be a securities analyst and later became an overseas fund manager of the company. 1969 I met jim rogers, a financial investment guru. 1970 I co-founded the quantum fund with Rogers. Rogers is responsible for the research work of choosing investment countries, while Soros is responsible for the actual operation, making extensive use of financing and engaging in all-round international stock and arbitrage investment (including futures commodities and foreign exchange). From 65438 to 0979, Soros founded his first foundation, the Open Society Fund, in new york. 1984 founded the first Eastern European Foundation in Hungary, and later 1987 founded the Soros Foundation in the former Soviet Union. At present, Soros provides funds for the foundation network, which operates in 365,438+0 countries, covering the former Soviet Union and central Eurasia, Central and Eastern Europe, and some countries in South Africa, Haiti, Guatemala and America. These foundations are committed to building and maintaining infrastructure and public facilities in an open society. Soros also founded other important institutions, such as the International Science Foundation and Central European University. 1988, he shorted the pound, causing the pound to plummet. From 65438 to 0996, he invested heavily in Russian stock market and Hungarian stock market. In just two years, the former increased by 10 times, while the latter increased by 4 times. At present, the scale of operating assets of Quantum Fund has exceeded $654.38+000 billion. 1997, he used principal-free foreign exchange (NDF) to short the exchange rates of major countries and regions in Southeast Asia, which triggered the financial turmoil in Southeast Asia.
Because Soros used to be a securities analyst and had long-term theoretical research, as well as his experience in international arbitrage, he became one of the few arbitrage experts who can comprehensively cross-use stocks and exchange rates, futures and spot, domestic and foreign, single country and interregional, theory and practice and other fields.
In terms of investment strategy and theory, Soros takes the "reflection theory" and "ups and downs theory" as the theoretical basis, enters and exits at the turning point of the market, actively manipulates the market against the market by using the "herd effect" and pays attention to the market trend.
Soros is one of the best investors in the world, and he is called a "financial crocodile". The "Quantum Fund" he co-founded with others has a comprehensive annual growth rate of as high as 35%, which is far behind the peers on Wall Street.
Soros's personal income is as high as $650 million, which has long occupied the first place in the Wall Street income list. He seems to have a superhuman energy, which can control the global financial market, and the buying and selling of a commodity or currency can suddenly change in one sentence.
Soros received honorary doctorates from Oxford University, Institute for New Society, Yale University and Budapest University of Economics. 1995 (Italy) The University of Bologna awarded him the highest honor-Laureahonofiscasa, in recognition of his efforts to promote an open society all over the world.
As the chairman of the board of directors of LCC Soros Fund, Soros was appointed as the consultant of Quantum Fund Group by the Private Investment Management Office. Quantum fund is the oldest and largest fund in the quantum group. It is generally believed that its 28-year history is the best among all investment funds in the world.
Compared with many rich people, Soros's life is very simple. He doesn't have a yacht, limousine or private jet. When traveling, he always takes an ordinary civil aviation plane, takes a taxi and takes a bus. But in charity, Soros can be said to spend money like water-he spent most of his money on charity, and the accumulated amount has exceeded $654.38+0 billion. While giving generously, he tried his best to rob money. No wonder the media called him "a combination of genius and devil".