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George Soros: Billion Dollar Day

By July 14, 2020 how to

There isn’t a single investor who hasn’t heard of legendary George Soros aka “The Man Who Broke the Bank of England” on 16 September 1992. On that historical day, not only did Soros become known to the entire world, but also his decision to short sell US$10 billion worth of pounds sterling made him a profit of $1 billion. An opportunity of a lifetime, worthy of an outstanding investor.

Fun Fact: As of today, George Soros’ net worth is a whopping $8.3 billion.

Where Is George Soros

Despite his age, George Soros stays on top of the social, economical and political aspects of life. His statements and views can be regarded as highly liberal and he’s not afraid to criticize politicians, presidents and leaders alike.

At the World Economic Forum in Davos, Switzerland, on Jan. 23, 2020, Mr Soros expressed his concerns regarding the U.S. economy potentially heading for calamity as a result of President Trump’s efforts to milk American business. He couldn’t help but say that Trump “is a con man and a narcissist, who wants the world to revolve around him.”

Similarly, Soros condemned Chinese President Xi Jinping for “trying to exploit Trump’s weaknesses.” He also accused Xi of using “artificial intelligence to have total control of his people.”

Even the Kremlin couldn’t escape Soros’ outspoken opinion. According to Soros, Putin wanted to “destabilise all of Ukraine by precipitating a financial and political collapse for which he can disclaim responsibility, while avoiding occupation of a part of eastern Ukraine, which would then depend on Russia for economic support”.

Mr Soros has shared his uncensored viewpoint on Moscow on multiple occasions that resulted in two of his pro-democracy charities – Open Society Foundations and the Open Society Institute – banned in Russia.

George Soros Oil Investments

In 2016, invested $238 million in 11 oil and gas companies. To cut down to the chase, this is how the billionaire investor and philanthropist diversified his investment portfolio:

  • Columbia Pipeline, $54 million in exchange for 3.7 million shares;
  • Williams Company, $93 million in exchange for 3.1 million shares;
  • Baker Hughes, $38.3 million in exchange for 685,000 shares;
  • Marathon Petroleum Corp., $5 million in exchange for 85,000 shares (2019);

Other companies that Soros added to his portfolio included American Airlines, Delta, Southwest, Sprint, and United Continental.

George Soros Investment Portfolio

When we hear the name George Soros, we often think of oil and energy investments, as well as large scale currency speculations. It’s worth mentioning that Soros is a keen investor in the automotive sector. His portfolio includes companies like CarMax, Hertz, and three major American auto parts companies, Delphi Automotive, WABCO and Visteon. He also invested 8,916 shares in the motorcycle company, Harley Davidson. That investment is valued at $468,000.

George Soros Thailand

Did you know that George Soros didn’t just “break the Bank of England”, but the Bank of Thailand, too? 

The Asian Crisis started in August 1997, only a month after Thai authorities abandoned the US dollar Thai baht peg. By October 24 the free floating baht had depreciated by 60% against the US dollar. Soros bet just under $1 billion against the baht. 

What Does George Soros Invest In

George Soros is the founder of Soros Fund Management, LLC, a private American investment management firm, which in its turn is the primary adviser for the Quantum Group of Funds.

The Quantum Group of Funds deals in international investments with the focus on public equity and fixed income markets worldwide, as well as foreign exchange, currency, and commodity markets, and private equity and venture capital funds. The company largely investments in transportation, energy, retail, financial, and other industries.

George Soros Trading Rules

Traders of all ages and backgrounds look up to investing titans like George Soros. We all can learn a lot from the wisdom shared by highly successful people such as Mr Soros himself.

George Soros Quotes:

  1. “I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.”
  2. “My approach works not by making valid predictions but by allowing me to correct false ones.”
  3. “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”
  4. “The markets are always on the side of exuberance or fear. It’s fear and greed. Right now greed has the better of it, which is rather nice (for investors) as long as it doesn’t get out of hand,”
  5. “Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.”
  6. “The worse a situation becomes, the less it takes to turn it around, and the bigger the upside.”
  7. “If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”
  8. “Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.”
  9. “We try to catch new trends early and in later stages we try to catch trend reversals. Therefore, we tend to stabilize rather than destabilize the market. We are not doing this as a public service. It is our style of making money.”
  10. “The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.”