Soros, a mixture of devil and angel in the classic case of futures.

The well-known quantum fund on Wall Street is one of the most successful hedge funds and the focus of every investor's attention. In the masterpiece of this book, three core figures of Quantum Fund will be introduced one after another. The first is, of course, Soros, the founder of Quantum Fund.

In the Asian financial storm of 1997, Soros was a "pale tiger" figure in an Asian country. His market operation caused some Asian countries' currencies to fall and their stock markets to plummet. How on earth did he hype it? What kind of personality is he? What is the secret of his successful investment?

After being hunted by fascists in World War II, he spent his childhood in fear and excitement, forming a unique "art of survival". After 1992' s "Pound Storm" became famous, Soros told reporters: "I am eager to survive and don't want to take destructive risks."

Unique "method view"

Ordinary investors advocate doing research before investing, including analyzing market prospects, evaluating competitors and predicting future profit opportunities. However, Soros did the opposite, using the first investment to try and investigate in the experiment. One is to test the market situation, and the other is to pay more attention to research after investment. Before making a large investment, Soros will invest a little money to "feel" the atmosphere of the market to verify whether his intuitive judgment on the market is accurate, and then make an investment. If the judgment is accurate, attack on a large scale; If the "feeling" is wrong, then stay away. As for the little money invested first, it is considered as a "ticket".

How to choose the investment target

Investors have the psychology of chasing high, and feel that the stock that everyone wants is definitely a good stock. No matter how high the price is, someone will always follow. As for those stocks that have been falling, few people are interested. But Soros believes that investment should choose two goals:

1. The best company,

2. The worst company.

The former can guarantee the company's profit, while the latter may have higher profit opportunities. So looking for these two companies, other companies involved in the middle have no investment value. Soros made a lot of amazing speculation in the international currency market, choosing weak currencies, such as lira, pound and Thai baht. One of the most famous battles was the "Sterling Storm" in 1992. At that time, the exchange rate of the pound against the Deutsche Mark continued to fall. Soros judged that the pound would depreciate sharply under various political and economic pressures, so he borrowed 20 billion pounds to buy marks, and a number of international speculators followed suit. Although the Bank of England resisted desperately, it was defeated in the end and the pound depreciated sharply. Soros took the opportunity to buy pounds to pay off debts. After such a change of hands, Soros made a net profit of $654.38+0 billion, which earned him the double nicknames of "financial killer" and "the man who defeated the Bank of England".

Soros in the international financial market for decades, he summed up the principles of investment:

First, insist on survival first. Don't put all your eggs in one basket in the face of investment risks. He repeatedly stressed: "Never risk being completely destroyed in order to make money." However, Soros also reminded investors not to be timid and hold back. If it is profitable and the risks are tolerable, we must act decisively.

Second, be short, not long. He believes that the market will fall if it rises for a long time, and will rise if it falls for a long time. Therefore, as long as there is an opportunity, we will attack on a large scale. Once we succeed, we will immediately ring the golden bell and retreat.

Third, we must be able to face failure calmly. Losing money is as common to financiers as winning or losing is to militarists. Therefore, investors must be able to endure the suffering of losses, calmly and objectively analyze the market trend, and take thirty-six measures immediately when the situation is not good. Soros 1998 broke into Hong Kong's financial market and immediately stopped, which is an example. This ability to accept the painful facts and react decisively without hesitation is the symbol of a great investment master. Soros thinks: Basically, people think I can't make mistakes, which is misleading, because I don't mind (emphasizing) this at all-in fact, I have made as many mistakes as the guy next to me. But I think what I'm good at, you know, is the courage to admit mistakes. This is the secret of my success. I have learned an important insight, that is, to realize that people's thoughts are inherently fallacious?

Fourth, catch a "home run". Managing funds well means that when you are in a good opportunity that you don't often encounter and have deep confidence in profitability, you should dare to invest in capital operation and even borrow money through leverage. Just like 1992, the famous "Battle of the Pound" used $2 billion in financing to press down 100 billion chips. "When you are full of confidence in a transaction, you will give each other a fatal blow. As Stanley Drakenmiller, chief fund manager of Soros Quantum Fund, said, "Soros criticized me several times because I didn't maximize my chances of winning when I correctly judged the market. "The investment position will never be too big. Cowardice is the behavior of cowards. Soros said: Basically, my way of operation is to have a proposition first and then take it to the market for testing. His talent is that he has a certain degree of self-control. He looks at the market with a very pragmatic attitude and knows what forces affect the stock price. He understands that the market has both rational and irrational sides. He knows that he is not always right. When he is right, he is willing to take drastic action and make good use of the huge opportunity. When he is wrong, the biggest key to his success lies in the psychological level. He knows the instinct of investing in the public and when there will be many people competing for something, just like an excellent marketer.

One of the most useful qualities of Soros is that he can keep calm when entering and leaving the financial market. In other words, he is a bit like Stoicism. Others let their arrogance hinder the formation of smart market decisions, but Soros understands that smart investors are indifferent investors and it is meaningless to claim that they will never make mistakes. The sudden drop in your favorite stock may make people feel sorry for themselves, but it is better to admit that you made a mistake than to admit it, as Soros often does. Once he believes that an investment is correct, nothing can stop him.

Investors have a feeling that the market is always changing. Then, it is particularly important to predict the market. Soros thinks:

1. Pay attention to the rise and fall of the underlying stock market at any time;

2. Pay attention to the operation of the target company;

3. Pay attention to the reactions and decisions of other investors at the same time;

4. Make good use of inside information.

The first two are the guidelines that most investors follow, and the last two are Soros's magic weapon to win. That is, Soros's original "reflection theory." As a world-famous investment tycoon, he knows that he has great influence, and he also knows how to use this influence to make a fortune.

1March, 993, Soros first quietly bought gold, and then began to spread the news, saying that "inside information" revealed that the booming China mainland was buying a lot of gold. Driven by the wind, many speculators bought wildly, which made the international gold price soar by 20% in four months. At this time, Soros, who made a fortune, quietly retreated, leaving a group of trapped investors. It is doubtful why Soros has such magical power and is invincible in many speculations. What is worth noting is his "inside man". If you open the board of directors of Quantum Fund, you will find that Soros is closely related to financiers in Europe, America and the Jewish world. These senior bankers, investment experts and politicians spread all over the western countries, bringing many heavyweight customers to Soros and providing him with a lot of "inside information".

According to people who know Soros, "when Soros takes a major investment action, whether it is speculating in pounds, lira or some kind of fund, it is all inside information from the top." According to the investigation of relevant people, it is not only friends who have business dealings with Soros on the surface, but also anonymous customers who own billions of dollars of shares in Quantum Fund, which may be a more important source of information. This year, the "insider trading" case of Societe Generale brought Soros to court.

Soros has been committed to promoting the democratization of the former Soviet Union, African and Asian countries. In the recent American election, he said, "It is the central task of my life to oust Bush." Soros and one of his partners provided 5 million yuan to a liberal organization called "Moveon". So far, the money he donated to oust Bush has reached150,000 dollars. Soros, 74, said, "The United States under Bush is a threat to the world." . He said that when he heard President Bush say "stand with us or stand with our enemies" in the war on terror, he remembered that he had been hunted by Nazi Germany. When asked if Soros would use all his 7 billion assets to oust Bush, he hesitated, but added, "If he is sure to succeed, maybe I will."

There are many different versions of Soros's works and biographies. Investors can learn about the master's experience by studying his works: Financial Alchemy, Open Society, Global Capitalism Crisis, etc. , and there are 65,438+00 related biographies. By studying these books, I realized the unique investment philosophy of the master, and learned a lot of new knowledge that is not only analytical skills, but also very important for the success of investors.

Soros's investment secrets 18

Investment tips 1 Choose the best and worst stocks.

Investment secret 2 consider market expectations.

Investment Secret 3 Market Inefficiency

Investment secret 4 pay attention to the huge gap between cognition and actual events.

Investment secret 5 see clearly the connection between people and things,

Investment secrets 6 people's views on the truth are distorted.

Investment Secret 7 Exposes Market Prejudice

Investment secret 8: detect and master the unstable state

Investment secret 9 make good use of the overreaction of the market.

Investment tip 10 pay attention to the situation that the stock price affects the fundamentals.

Investment tips 1 1 invest first, then learn.