George Soros boasts of six decades of experience in the world of investment banking. All this time he has seen the global economy grow and giants such as the US, China, and the European Union dominate global trade.
At the same time, Soros has upset great odds to make a name for himself as he has become a pioneer of investment banking. His history dates back to the 1930’s in Hungary where he was born and raised. Soros left his war-torn motherland to seek a better life. This quest on http://www.bloomberg.com/news/articles/2016-04-20/soros-says-china-s-debt-fueled-economy-resembles-u-s-in-2007-08 landed him in London as a refugee. Luckily for Soros, opportunities came in plenty even to refugees in London. Soon, he was enrolled at the London School of Economics where the greatest thinkers of the time sharpened their skills.
George Soros ventured into investment banking immediately after college. At the time, the global economy was finding its feet, and investment banks were playing a critical role in development projects. Over a period of three decades, Soros became a celebrity figure in these circles owing to his shrewd business dealings. Eventually, he opened his private firm known as the Soros Management Fund.
The success he achieved in financial markets on http://www.biography.com/people/george-soros-20926527 also put Soros on the road to pursuing other personal goals he harbored in life. For instance, he founded and funded the Open Society Foundations. Soros was known to be a thinker throughout his career, and he hypothesized on economic, political and social issues. One of his best concepts is that of an open society where members accept the realities of life, life is sacred, human rights are respected, and the authorities are accountable to their subjects.
The idea of an open society impressed George Soros so much hence his involvement with the Open Society Foundations up to date. While Soros has a busy time in his philanthropic ventures, he still has the time to follow up on economic and political trends around the world. For instance, he has been on the forefront of creating amicable solutions to the asylum crisis in Europe besides lobbying political leaders to take rapid action.
Earlier this year, George Soros cautioned on the future of the Chinese economy at a global economic forum in Asia. In his evaluation, he cited the ballooning debt the Asian giant possesses said to be more than the global average of 1.4 trillion Yuan. Soros feels the debt coupled with an uncharacteristic boom in the real estate sector bears signs of a looming financial crisis similar to those that precipitated the global crisis of 2008.
These sentiments sent shock waves across the global financial markets since Soros has the experience and history of predicting such adverse economic occurrences. He further advised the Chinese government to take structural adjustment measures before it’s too late.
Read more about this: George Soros’ Free Advice to Chinese Financial Industry