Date of birth: 1930 Place of birth: Budapest, Hungary

Quantum Fund Position: Chairman

Graduate school: London School of Economics

George soros 1930 was born in Budapest. From 65438 to 0947, he moved to England and graduated from London School of Economics. 1956 went to the United States and accumulated a lot of property through the international investment fund established and managed by himself.

1979 Soros established his first foundation, the Open Society Fund, in new york. He established the first Eastern European Foundation in Hungary on 1984, and the Soviet Soros Foundation on 1987. Now, he funds the foundation network, which operates in 365,438+0 countries, covering Central and Eastern Europe, the former Soviet Union and central Eurasia, and South Africa.

Haiti, Guatemala and the United States. These foundations are committed to building and maintaining infrastructure and public facilities in an open society. Soros also established other important institutions, such as China Europe University and the International Science Foundation.

Soros received honorary doctorates from the Institute for New Society, Oxford University, Budapest University of Economics and Yale University. 1995 The University of Bologna (Italy) awarded the highest honor-Laurea Honor is Causa to Mr. Soros in recognition of his efforts to promote an open society all over the world.

Soros is the chairman of the board of directors of LCC Soros Fund, and the Private Investment Management Office confirmed that he is a consultant of Quantum Fund Group. Quantum fund is the oldest and largest fund in the quantum group, and it is generally considered as the best performance of any investment fund in the world in its 28-year history.

He is the biggest investor, the biggest predictor, the super adventurer and the most successful financier.

Soros's success has its distinctive characteristics: first, he is good at making full use of leverage principle and skillfully using loans and mortgages; The second is to invest in many different types and risks of assets, both currency and other financial assets, such as stocks, bonds and futures; Third, it should be short and long; Fourth, focus on buying short-term securities and maintain a high degree of flexibility and strong speculation; Fifth, as a performance fund, the remuneration and profit of fund managers are not proportional to the size of the funds they manage. Managers and Soros himself are important shareholders of the fund, sharing weal and woe with the fund. According to Forbes magazine's list of the world's richest people published in 2004, Soros's personal net worth was $7 billion, ranking 54th. George soros 1930 was born in Budapest. From 65438 to 0947, he moved to England and graduated from London School of Economics. 1956 went to the United States and accumulated a lot of property through the international investment fund established and managed by himself.

Soros founded DoubleEagleFund on 1969 with his own $250,000 to engage in hedging. With the goal of international capital, he refused to join the American rich, and successfully attracted a large number of rich funds from Europe, Arabia and South America.

1979 Soros established his first foundation, the Open Society Fund, in new york. He established the first Eastern European Foundation in Hungary on 1984, and the Soviet Soros Foundation on 1987. Now he provides funds for the foundation network, which operates in 365,438+0 countries, covering Central and Eastern Europe, Russia, Central Eurasia, South Africa, Haiti, Guatemala and the United States. These foundations are committed to building and maintaining infrastructure and public facilities in an open society. Soros also established other important institutions, such as China Europe University and the International Science Foundation.

Soros received honorary doctorates from the Institute for New Society, Oxford University, Budapest University of Economics and Yale University. 1995 (Italy) The University of Bologna awarded the highest honor-Laurea Honor is Scusa to Mr. Soros in recognition of his efforts to promote an open society all over the world. Soros is the chairman of the board of directors of LCC Soros Fund, and the Private Investment Management Office confirmed that he is a consultant of Quantum Fund Group. Quantum fund is the oldest and largest fund in the quantum group, and it is generally considered as the best performance of any investment fund in the world in its 28-year history.

In the pound war of 1992 and the Asian financial storm of 1997, Soros made hundreds of millions by speculation. Therefore, he is called "master of international speculation" and "Napoleon in the financial world". The difference is that Soros is a combination of genius and devil, robbing money everywhere and giving generously to charity. No matter how hard george soros tried to be different, he was still an ordinary child in the memory of his childhood friends. He can regard himself as a saint, but none of his friends think that he really has a special talent.

Financial beginners

This little guy is good at sports, especially swimming, sailing and tennis. George is crazy about games. He likes all the games. George soros is just an ordinary student, only one thing can be remembered. That happened in 1942, when George 12 years old. George and his classmates attended a meeting of boy scouts, at which it was announced that an esperanto club would be established. People who are interested in joining the club can sign their names on a piece of paper. This paper was put on the stool at that time, and George playfully held it in his hand, not letting others sign it. "George likes playing tricks on people very much. I was afraid that he would play tricks on me again and wanted the paper back, so we started fighting. "

In the late 1960s, george soros joined a large financial institution. In order to gain more opportunities in the company, Soros persuaded Erhard Blacka's bosses to set up two offshore funds and put them under his supervision. The first one is called Eagle Fund, which opened an account at 1967. It is famous as a long-term fund of Wall Street. The fund's clients invest in the hope that the market price will rise. The second one is called Double Eagle Fund, a hedge fund, and opened an account at 1969. The operation method of this fund is that Soros uses stocks or bonds as collateral to buy any number of financial instruments, including stocks, bonds and currencies. He set up this fund with his own funds, which is only about $250,000. Then, the European tycoons Soros knew invested $6 million in him.

250,000 dollars, Soros started from this heavy 250,000 dollars.

Children in the Trend of the Times and "Quantum Fund"

1973, the fund was renamed Soros Fund. At the beginning of the fund, there were only two employees. Soros is a broker and Rogers is a market researcher. They invest in stocks, use futures trading or loans, and bet on commodity futures and securities markets. From 1970 to 1980, the fund's annual profit increased by 33.65%, and its assets increased from120,000 to $38 1 100 million. Grasping the trend is Soros's housekeeping skill. Real estate trust and investment, which was popular in the late 1960s, was compared by Soros as a three-act drama: skyrocketing, then maintaining for a long time, and finally going bankrupt. From 1969, Soros's articles on real estate trust and investment were widely circulated, and they were sold from 1974, so Soros made a profit of 1 10,000 dollars.

Soros's trick is to look for mutations. 1972, he found that a new generation of bankers with higher business education was rising, and the banking industry would be full of vitality, so he wrote an analysis report revealing the sudden change of the banking industry and put forward different views when the banking stocks were in a downturn. Since then, the rise of bank stocks has made Soros gain 50% of the profits. In practice, Soros has developed the ability to see things in detail, and his investment legend is circulating in the industry. For example, 1972, Soros learned that a private report of the Ministry of Commerce pointed out that the development of the United States depends on foreign energy resources, so he bought a large number of stocks of oil drilling, oil equipment and coal companies. A year later, the oil crisis triggered a surge in energy stocks. Soros and Rogers also foresaw the food crisis, bought fertilizers, farm facilities and stocks in food processing industry, and made considerable profits.

1973 10 Egyptian and Syrian troops attacked Israel on a large scale, which caused Rogers to pay great attention to the military industry. Facts have proved that Israel's passive beating in this war triggered the determination of Israel and the United States to rearm. 1974 Mid-term, Soros began to make a fortune through the stocks of military enterprises. 1975, The Wall Street Journal reported the story of Soros on the front page. 1979, Soros renamed the fund QuantumFund. The quantum in the physical world is elusive, so scientists simply describe it by the law of uncertainty. Soros's naming of his own fund implies his market philosophy-the market is always in an uncertain and fluctuating state, which also adds dramatic and mysterious charm to his investment career.

Amazing and most brilliant year.

Soros's first big exam was in September 1985. On September 6 of that year, Soros bet that the mark and the yen would appreciate. But in fact, they have been declining. So he began to doubt his theory of imperial cycle. He invested $700 million in these two currencies, exceeding the total value of the quantum fund. Although he lost some money, he still believed that the situation would prove him right, so he continued to buy these two currencies, reaching nearly 800 million dollars, 200 million dollars more than the quantum fund. Then,1September 22, 985, Soros's "movie script" began to be concrete. Jim Baker, the new US Treasury Secretary, thinks that the dollar must depreciate because the American people are beginning to demand the protection of their industries. Baker and the finance ministers of West Germany, France, Japan and Britain, that is, a five-member group, met at the Plaza Hotel in new york. After learning the news of the meeting, Soros soon realized what these finance ministers were going to do. He worked day and night and bought millions of yen.

The day after the talks, the dollar was announced to have fallen from 239 yen to 222.5 yen, the biggest drop in history. To Soros's delight, he made $40 million overnight.

In the next six weeks, the dollar depreciated under the continuous promotion of the central bank. By the end of June 65438+ 10, the US dollar had fallen by 13% to 205 yen. To 1986, reduced to 153 yen. The average appreciation of foreign currency against the US dollar is 24%-28%. Soros spent a total of $6543.8+$500 million in this gamble. He used financial leverage to invest a lot of money in marks and yen. Facts have proved that this is a wise action. He earned about 1 USD and 500 million USD before and after. In the first two weeks of June, 165438+ 10, the fund increased to $850 million. Soros holds $/kloc-0.5 billion worth of marks and yen, almost twice as much as the fund. He sold $87 million worth of pounds and $200 million worth of oil, and bought $654.38 billion worth of stocks and futures and nearly $654.38 billion worth of bonds. All in all, he has short positions and long positions worth $4 billion in various markets.

The initiator of the Asian financial turmoil

According to Xinhuanet's 65438 report on February 23rd, 2002, Soros is a fearsome figure to some countries and regions. 1997 the Asian financial turmoil was triggered by international speculators headed by Soros. 1In July, 1997, the Thai baht depreciated sharply. He used billions of dollars to bet on the devaluation of the Thai baht, adding fuel to the fire of the Thai currency crisis and further triggering the financial crisis in Southeast Asia. Subsequently, a series of Asian financial crises spread all over Southeast Asia, even Hongkong, Taiwan Province Province, South Korea, Japan and other countries, and even dragged down the global stock market. Developed countries such as Europe and the United States were once implicated, and the magnitude of the "disaster" was really unexpected.

Southeast Asian countries hit by the financial turmoil regard Soros as a destroyer. Malaysian Prime Minister Mahathir sharply criticized Soros for secretly manipulating the financial crisis in Southeast Asia, which led to the devaluation of the local currency. He said bluntly: "The economic system that we spent 40 years building was suddenly destroyed by this idiot (Soros) with a lot of money." Soros immediately hit back, saying that "the mismanagement of Mahathir's government" was the root cause of the country's economic crisis in Southeast Asia.

Since then, the two have been quarrelling. After the court announced Soros's verdict, Malaysian Prime Minister Mahathir said happily: "I am very happy that this verdict shows his poor moral quality. ..... He once framed my government for mismanagement, which led to the financial crisis. In fact, he is a big moth in the world economy. "

Financial giant Soros wants to hand over his transformation to his son.

It is reported that billionaire GeorgeSoros is dealing with a major personnel change at the top of his hedge fund company. Soros will further hand over management rights to his two sons, Robert and Jonathan, and intends to divest all subsidiaries that manage their assets, such as real estate subsidiaries. The financial empire created by Soros is currently $654.38+$03 billion. In the past few years when Soros came to power, the company's performance was not satisfactory, and a series of senior executives left one after another. They are very dissatisfied with the 74-year-old Soros, who often blames the person who chose the stock for him afterwards. Now, for the second time in four years, Soros asked Robert to shoulder the heavy burden and take charge of the overall situation of the company. Robert, 4 1 year-old, said in the past that he didn't want to take this position. Robert enjoys a high reputation in the eyes of colleagues, who think that Robert can accurately predict the fluctuations of the global market. But they also pointed out that Robert would rather focus on investment affairs than take over the whole company. According to people in the company, Robert once said that he is now more willing to take on greater responsibilities in his father's company with his younger brother.

Soros said humorously

"I was born in poverty. But you must not die of poverty. " -Hang it on the office wall.

"If your business situation is not good, then the first step is to reduce investment, but don't recover the funds. When you reinvest, start with a small amount. "

"To succeed, you must have enough free time."

"In the stock market, look for mutations that others are not aware of."

"The stock market is usually unreliable. Therefore, if you follow others around Huadong Street, your stock management is doomed to be very bleak. "

"Being in the market, you must be prepared for hardship."

"People think I won't make mistakes, which is totally a misunderstanding. Frankly speaking, I have made as many mistakes in everything as others. However, my superman is that I can recognize my mistakes. This is the secret of success. The key to my insight is to recognize the inherent mistakes of human thought. "

"Bai Rong, your problem is that you go to work every day, and you think that since I come to work, I should do something. I don't go to work every day. I only go to work when I feel necessary … and I really have to do something on this day. And you go to work every day and do something, so you don't realize there are any special days. " Soros looks for people with philosophical sensitivity, but ignores those who only make a lot of money but have no thoughts. He doesn't think it necessary for him to do these things in the office.

"I don't want to spend a lot of time with people in the stock market. I think they hate it. Being with intellectuals is much more comfortable than being with businessmen. " -Soros told reporter Tang Duo.

"I refuse to take it (investment) as my career for many years. This is a means to an end. Now, I'm happy to accept it-in fact, it's my lifelong career. "

"I have been integrated with the company. It lives on me, I live with it, day and night ... is my lover. Afraid of losing it and worrying about failure, try to avoid making mistakes. This is a miserable life. "

"I don't think I am a businessman. I invest in other people's business, so I am a veritable critic. To some extent, you can call me the highest-paid critic in the world. "

"I have to change people's views on me, because I don't want to be just a rich man. I have something to say and want the government to hear my voice. "

"My fund has become so huge that it doesn't make sense to spend some money. And it seems that making money is easier than spending money. I seem to have more talent for making money than making the right decision on spending money. "