Monday, October 24, 2005

George Soros

The Alchemy of Finance

Born: Budapest, Hungary on August 12, 1930.

Most Famous For:In 1992, Quantum Funds made $1 billion in less than a week by shorting British pounds and buying German marks. This feat earned Soros the title of "the Man Who Broke the Bank of England".

Quote:"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."

Known as a hedge fund guru, Soros' expertise is mainly in currency speculation. He is principal investment advisor for the Quantum Fund, which is recognized for having the best performance record of any investment fund in the world over its 26-year history. If you invested $100,000 in 1969 when Soros established the Quantum Fund and reinvested all dividends, your investment would have been worth over $150 million by the spring of 1994. At one point, analysts estimated Soros was earning over $4000 a minute.

Book: The Alchemy of Finance (Wiley Investment Classics) by George SorosClick Below to Buy.

The Alchemy of Finance

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