who cares about soros,,he makes his money on managing other people's money and manipulating markets. trading and investing is child's play. even a computer algorithm can do it. even 13 year kid can trade.
The concept of adding to winners is by no means new or unique. Jesse Livermore, James R. Keene and many other trading legends did it in much the same way. Soros was right more often than almost anyone, pushed his great bets further and cashed in expertly. But to say what separated him from the pack was the concept of adding to his winners ignores that he did that and everything else superbly.
I duno... he was wrong 4 times in a row on chinese market.bought on top sold on bottom. Hope he bet little
Means you are completely doing trading that's good we would be able to know the facts about trading ..
No ... that doesn't fit the described scenario. I was responding to his contention that Soros bought at the top of four separate moves and puked each one at the bottom. That does not happen if your stops are tight.
he has distinctive edge and can recognize that he is wrong sooner rather than later - so one can assume no adding for these positions. wonder whether he is as sharp as he used to be? His pain based approach requires lots of energy.
The Philosopher Karl Popper, whom Soros, as a young man, studied with at the LSE, influenced him deeply. That influence is clearly evident in Soros' development of "Reflexivity" to explain why real markets, most of the time, deviate far from what is expected according to modern economic theory. According to Soros, the "efficient markets theorem", is not applicable to real markets, which are irrational and tend to move away from, rather than toward, equilibrium. It is clear that Soros believes disciplined philosophic reasoning is far more useful in explaining how human behavior influences markets than are economists' mathematical models. A summary of Soros' Reflexivity theory and his personal views on market behavior is contained in the series of lectures he gave at the Central European University, a University he founded and endowed. (These lectures can be viewed on the internet and have also been published.) Today, George Soros is the world's most public and important philanthropist. He has been a tremendous force for good in many countries. He will leave a lasting mark not because of the money he made but because of what he did with it.
What a bunch of hogwash! These people do not give a rat's ass about you and me and the rest of the world. Those oh-so "charitable" donations are nothing more than clever tax write-offs, wake up pal.