A lot of information has been published and said about the life and times of George Soros. He is a man of stature and clout in societies around the globe. The first things that come to mind when Soros is mentioned on Bloomberg include hedge funds, philanthropy, politics, human rights, education and, of course, the Open Society Foundations.
George Soros also speaks of his early life with enthusiasm. It is a period that shaped his character and principles of life. George was born in Budapest, Hungary in 1930, at a time when Europe fell under the command of Communists and the invasion of the Nazis. War and civil strife wee the order of the day and most of his peers in the time fell victim to the gun.
In his teenage years, Soros summoned his inner strength and fled a war-torn Hungary. He headed west and later settled in the United Kingdom as a refugee. Over the course of another fifteen years, Soros would live in London as an asylum seeker. During the same period, he got lucky and enrolled for higher education at the London School of Economics. This opportunity served as the stepping stone for his career and entire life.
After graduation in 1952, Soros obtained an entry-level position in one of the growing hedge funds in London. He took advantage of the opportunity and quickly learned the game. Soros always had a big dream for his future and several years later the quest to achieve it led him to New York. Here, several asset management companies made enormous profits from the input and expertise provided by Soros.
Two decades were enough for Soros to summon his energy once again and get into a private business. The Soros Management Fund was born, and Soros impressed his clients with his wise business choices and profit margins. Around the same time, George became a philanthropist and contributed to solving the plight of detainees in South Africa and the fall of communism in Eastern Europe.
Perhaps the under looked facts about Mr. Soros is his love for the scribe. He has become an accomplished author. Soros has published over a dozen books and essays. In public, he is always commenting and voicing his opinion on various economic, political and humanitarian matters. This year, George has been wary of recurring global economic trends that remind him of 2008. This observation comes from the underperformance of global stocks and currency in the opening weeks of 2016.
In an economic forum in Sri Lanka, George pleaded with investors to exercise caution in their dealings. The problems currently experienced by the Chinese economy seem likely to find their way into a host of other developing nations.