I'm surprised this hasn't got more attention in the news the last few days. I know he's one of the most hated billionaires (especially in England), but his bets are interesting. https://seekingalpha.com/article/4579185-george-soros-revives-investor-interest-marathon-digital
So instead of trying to find gold for himself, Soros decides to sell shovels to the gold diggers. Smart.
Mara market Cap ~$1Bil Soros position ~$10M = ~1% ownership Soros total net worth 0.2%~ bet (?) Author's bio : ,,under-covered equities" Recent articles :
Perspective. Thanks for this. Looks like he's basically throwing a few coins at it (pun not intended) to see which pigeon turns thinking it's food for its belly... I wonder whether Dalio et al have done/are doing the same when they say China is to be invested in... perhaps they need to unload their positions but need follies to pile in to provide a better exit..
Yw. I guess that the situation with China's securities, given the global events, the past and the future, is a too-deep of a rabbit hole, for us simple retailers to navigate. Still waiting for my positions in there to recover. Could sell at the loss, but ,,principles''. As for Dalio, i don't know. Lots have happened for him as for a human being. He got a cancer, managed to survive. Then he lost a son. Somewhere in between tried to delegate a person to take over Bridge Waters, unsuccessfully, had to come back. I think he's trying to do good, even now, maybe more than ever, yet despite of all success and wisdom accumulated over the years, he might be still wrong in many areas, ,,you know''. Just speculating.
I thought the purpose of having "f*ck you, money" was not caring if you say something that offends someone, but seeing Dalio all rattled being very sorry for possibly angering China, well... even Dimon was like walking on egg shells when talking about China, also Blackrock CEO, forgot his name, don't care to look it up Are they afraid of being Jack Ma'ed? All that money and being in the limelight is still scary, I guess they are not as brave as Elon Musk who's taking a chance getting Epstein'd one of these days... They should all be like Griffin, mistresses and sex-pad worth 10's of millions of $ and doesn't care what anyone thinks, a real chad https://nypost.com/2023/02/24/new-details-emerge-in-shock-suicide-of-financier-thomas-lee/ Hello Suicide hotline, I'd like to place an order