When it comes to investing, formal education does not determine how successful someone will become. Moreover, education plays a minute role in deciphering the success of an investment. In fact, the only necessity required during investing includes skill and audacity. When an investor combines those two things, they almost become unstoppable. However, everyone should not partake in high-risk investments. This remains attributed to the fact that so many people lose money rather than gain it. With that being said, George Soros remains a profound investor. Not only does he know how to invest, he also knows how to break records along the way. Know more on investopedia.com about George Soros.
Moreover, George Soro’s success remains uncontested. In fact, several people regard him as one of the most successful investors of all time. However, George Soros success did not occur overnight. In fact, it remains the contrary. Upon hearing his story, it becomes fascinating to see George Soros enjoy his high level of success. This remains attributed to the fact that George Soros survived the Holocaust. As a native of Budapest, Hungary, George Soros and his family managed to survive such atrocities. During this time period, Nazi Germany took control over numerous European countries. In fact, George Soros and his family managed to save the lives of several other families.
Upon fleeing Hungary, George Soros attended the London School of Economics. While there, he obtained a bachelor’s degree in economics. However, his thirst for knowledge remained unquenched. Therefore, he also obtained a master’s degree in philosophy. Considering this to remain conventional wisdom, George Soros knows how to conduct business. Therefore, it should not come as a surprise that he opened his first hedge fund called the Double Eagle in 1969. Upon its conception, the company soared in terms of profits. Therefore, George Soros opened his second hedge fund one year later. To expound further, his first hedge fund experienced an exponential amount of growth. Read his profile at Forbes.
Moreover, the company went from $12 million dollars to $25 billion dollars. When it comes to investing, George Soros proved that he is the “Teflon Don.” A perfect example of his investing might includes his $1 billion dollar profit during the Black Wednesday UK currency crisis in 1992. Eventually, George Soros would relocate to the United States and become even more successful. Upon his arrival to the United States, he became a focal point in American politics. Moreover, George Soros remains a selfless philanthropist. In fact, he has given $11 billion dollars to charitable causes between 1979 and 2011. Aside from investing, George Soros uses his influence to positively impact the world. In particular, he has played a substantial role in Eastern Europe’s transition from communism to capitalism. In closing, Soros remains a legend.