I had started this posting a few weeks back. Then, Soros passed away. I leave it unfinished.
"Soros looks for patterns of errors. He profits from calculating other people’s misinterpretations." from Brooks.
If I recall correctly it was breaking the bank of England based on a unsustainable pegged currency rate of the German Frank that led him to bet the house and make a billion in one trade. Later on, he would watched very closely Eastern European Communist countries and follow the ripple effect of their economies. At the same time, he flooded Hungary with printers and photocopy machines in a time when all printing material was closely controlled.
He became the greatest international philanthropist throughout his life reaching 350 millions in one year.
He is often cited as the top macro analyst of all times. I believe he was assigned the trucking sector early on in his career, and in no time he had consumed every detailed on what was considered an insignificant industry. But when M&A came knocking at the door, it made him a name for being the only expert around on such a niche sector.
And I always thought the Quantum fund had the greatest name of all.
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There is a drawback about being able to be on top of the news beat. Soros passing was a misprint. I leave it unfinished, Again, as it should.
