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Talking Open Society with George Soros

With an estimated $12 billion that he has handed out up to now, George Soros is regarded among the first philanthropists in the world. George Soros has gone ahead to support and fund organizations as well as individuals from all over the world that are fighting for transparency, freedom of expression, societies championing equality and justice as well as accountable government. His funding is always aimed at those that are going through discrimination because of who they are as a person. George Soros has funded groups that support LGBTI, Europe’s Roma People, Sex Workers, and also Drug Users. Back in Hungary, where he was born in 1930 and raised, George Soros himself has experienced first-hand intolerance as a Jew during the Nazi occupation between 1944 and 1945. The Nazi occupation saw the murder of half a million Jews in Hungary, but despite this, his whole family managed to survive by attaining false documentation to hide their roots as well as those of others.

George Soros fled Budapest as the Communists joined forces in 1947 to go to London. While there, George served as a railway porter on a part-time contract alongside serving as a waiter at a night club to be able to fund his schooling at the London School of Economics. He then went on to leave London for the USA in 1956 to venture into the investments and finance world where he would be able to make a great fortune for himself. George Soros then proceeded to begin a hedge fund of his own known as the Soros Fund Management in 1970 which turned him into one of the investors who is highly regarded for their success in America. Using the fortune that he made off the hedge fund, George Soros went all out to give birth to the Open Society Foundations. The foundation is a network of partners, projects, and foundations that reach out to over 100 countries. The name of the foundation shows Karl Popper’s philosophy influencing George’s mindset. George Soros came to encounter the philosophy for the first time while attending London School of Economics.

George Soros started out his philanthropic venture in 1979 by providing black South Africans facing apartheid with scholarships. He also aided the open exchange of ideas in the Communist Eastern Bloc in the 1980s by availing photocopiers to print texts that were initially banned. He then bore the Central European University in the Berlin Wall fall, which was aimed to be a critical thinking space which was a new concept at the time in many of the universities in the previous Society states. George Soros also provided funds to the cultural exchanges between Western Europe and the East which helped the Soviet society he once called home.George Soros came to understand the philosophy of Karl Popper about no one having any access to the whole truth upon further research where he learned that it is because it is in the same universe we live in that we are all trying to understand.

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Soros is Back in the Game

One of the most successful hedge fund managers in the history of the stock market has ended his hiatus and started to trade again. George Soros, owner of the 2nd largest hedge fund in America has ended his long hiatus to begin trading again. Some investors might see that as a good thing. It actually could be a bad sign for the coming months on the market. Soros has a history of both shorting investments he thinks are going to fail and making large investment moves when he thinks a huge market downturn is coming up. This looks to be just one of those cases thanks to Soros’ opinions on the future of the Chinese economy and the effects of the Brexit vote.

Soros’ company, Soros Management LLC, manages a $30 billion hedge fund for the 85-year-old investor and members of his family. George Soros made his first large trades in years last week when he took many of his stock holdings and placed them in gold and gold mining companies. Putting money in gold when they think the market is going to shift in a negative way is a common practice by shrewd investors. Gold has also been up almost 20% so far in 2016. Soros is definitely looking to capitalize on what he thinks will be an upcoming downturn in the market. The last time he made a trade like this was in 2007 during the sub-prime mortgage crisis. He made $1 billion during that period. His first famous trade was betting against the British pound in 1992. That trade also made him around $1 billion. He has made a career out of predicting huge market shifts.

Read more:
A Bearish George Soros Is Trading Again

Billionaire Investor George Soros Sees Economic Trouble Ahead

Soros has been focusing on other things in recent years. This mostly includes politics and philanthropy. He is a staunch liberal and has been known to fund many left-wing charitable organizations. He is also a huge supporter of Hillary Clinton. Soros has helped raise money for the democratic presidential nominee’s Super PAC and has worked on her behalf for years. He has also been known to donate to many other democratic politicians during their campaigns.

One the biggest reasons Soros chose to make these trades is the Chinese economy. Their lack of foreign holdings and lack of a transparent government when it comes to regulations leads Soros to believe that their economy is due for a collapse. He thinks that this could have a huge negative effect on the rest of the world’s markets. This is also true for the Brexit vote. Soros has a long history betting against the British pound and thinks that this recent vote will bring on problems for their economy in the coming months. George Soros has a long history of being right in about these kinds of situations. Let’s hope he’s wrong this time.

Learn more about George Soros:
http://www.marketwatch.com/story/george-soros-just-made-big-bearish-bets-everybody-panic-and-then-consider-buying-2016-06-09

http://www.investopedia.com/university/greatest/georgesoros.asp