Speaking of his hedging, he made money, but in fact he didn't make much. At that time, he aimed at Thailand at first. First, Thailand is developing too fast, but the exchange rate between Thai baht and US dollar is fixed, so he plays with spot and futures of Thai baht. In this way, the devaluation of the Thai baht forced the Thai baht to decouple from the US dollar and began to fall freely. Coupled with shorting Thai stocks, Soros made money in Thailand and then made money in the Philippines with weak fundamentals. But it turned out that he overestimated the Philippines and easily defeated them. Finally, he went to Hong Kong, mainly shorting Hong Kong stocks and Hang Seng Index. Because Hong Kong pursues a free market, he was not strict at first, but at that time they were really out of line, so the government and Soros began to fight against large-cap stocks on the last trading day before the delivery of Hang Seng in Hong Kong at the end of the month, because Soros would win money as long as the index fell. In order to teach Soros a lesson, the Hong Kong government bought all the orders at that time, so the huge transaction at the end of the last day sent the index higher. Of course, you can say that he didn't make any money in Hong Kong stocks, but on the whole, the financial crisis at that time proved not to be a bad thing. Some people may have lost money at that time, but in fact, the blow made everyone find that there was no problem with the real economy. Moreover, the crackdown has reshuffled the fundamentals of many financial products, and the next step is still good. Of course, those Hong Kong stocks bought by the Hong Kong government together with Soros at that time have increased by dozens of times. But this is just my opinion, and it's still a matter of opinion.