? Then Soros made a disastrous business investment for the second time. 1962, Soros made a mistake that almost bankrupted him. He found an arbitrage opportunity in Stude Baker's stock. This company issues? Answer? Shares will become common stock after one year. Their trading price is much lower than that of common stock. When the deal went against Soros, he didn't retreat in time, so he was going bankrupt.
? So is the third time. 1987, Soros met his? Waterloo? . So,1September 1987, Soros transferred billions of dollars of investment from Tokyo to Wall Street. The following week, the new york stock market fell all the way. The Japanese stock market is relatively strong. Soros decided to sell several large long-term stocks in his hand. After other traders captured the relevant information, they took the opportunity to smash the sold stocks violently, which reduced the cash discount of futures by 20%. The discount on 5000 contracts will reach $250 million. Soros lost more than $200 million in one day. Soros lost about $650 million to $800 million in the Wall Street crash. ?
The above three failed experiences of Soros, as Soros said:? World economic history is a series based on fantasy and lies. The way to get wealth is to recognize its illusion, throw yourself into it, and then quit the game before the illusion is known to the public. ?
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