George Soros biography

Published on June 11, 8 min. And who is George Soros and what they hate him for. Only the main and interesting George Soros genus. One of the richest people of the planet. The founder of the Open Society Foundation, recognized as an undesirable organization in the territory of the Russian Federation. His investment strategies brought down the economies of some countries, and charitable foundations raised culture and science in others.

The financiers consider it a cult figure, and politicians demonize. Who is George Soros and how he deserved such a reputation. In the fascism of Europe, Soros and his relatives had to go to various tricks to stay alive: to fake documents, change his last name, and invent legends. All this helped to survive the war. In the year, Soros emigrated to the UK and in the year became a student of the London School of Economics and Political Sciences.

There he was taught by the philosopher Karl Popper. Popper's ideas influenced both George Soros’s political views and the political views of George Soros. Perhaps it was they who helped him become rich and famous. In the meantime, a graduate of the School of Economics tries himself in numerous, but low -paying works by a porter at the station, a waiter in a nightclub and tries to break into the banking sphere.

He sends the resume to all financial institutions of London, but receives continuous refusals. Finally, in the year, Soros moved to New York and began working for Wall Street in an investment company. He earned the fact that he bought securities in some markets, but sold in others. Like Soros got rich from a year of Soros, no longer a hired employee, but a manager of his own hedge funds.

People bring money to such funds to make money, and managers invest it in securities and other assets, for which they receive a percentage of profit for customers. The prefix "Head" means that the fund uses strategies that reduce the risk in more detail - in the article about hedging. The largest and most famous of the Soros funds was called Kwantum. That is, people rationally assess the company and sooner or later the cost of their shares will come to fair values.

Remembering how Popper insisted on limited knowledge, Soros saw: people are building expectations of future prices on the basis of superficial facts and judgments. And this affects prices: if everyone is waiting for growth, they buy papers, increasing their cost. This happens even if there is no fundamental economic reasons for this. Analyzing not the income and business companies, but the psychology of investors and predicting the behavior of the authorities, Soros made profitable transactions.

For example, in October of the year, the "War of the Judgment Day" broke out between Egypt and Israel. The Arabs were armed with Soviet military equipment, and during the conflict it exceeded the American weapons of the Israelis. Then Soros bought shares of American weapons manufacturers - soon the US authorities increased financing their military industry. The shares have risen in price, Soros earned millions of dollars.

Soros called his approach "the theory of reflexivity of stock markets." Including, thanks to her, Kwantum has never been unprofitable up to a year. But in E, he had failures that changed their attitude to him from the “mystical genius” to the “laughed of Wall Street”. So, in the year, Soros relied on the fall of the Japanese stock market and the growth of the American.

Soros turned out to be a huge number of rapidly losing the price of papers.

He decided to get into cash, and the emergency sale of shares was increasingly shaken by the market. In the publications of that time, journalists ironic over the failure of a famous investor. But after that, he more than once proved that he knows how to make money - moreover, cynically and ruthlessly. As Soros brought the currencies of different countries in the year, Soros “hacked the Bank of Britain”, selling millions of pounds of sterling for the most part for borrowed money a few days before the devaluation of the British currency.

It is believed that one of the reasons for the incident were speculators, including Soros. And so it was more than once. Investors were accused of financial attacks on Thai BAT. In the year, the Kwantum Foundation played a decrease in Thai Bat, receiving loans in local banks. Other traders also joined the bungee of Bata, which led to the depletion of Thailand currency reserves and the authorities to refuse a fixed Bat course to the American dollar.

As a result, the National Currency course fell in half, which allowed Soros to pay loans on favorable terms. Former Prime Minister Malaysia Mahathir Mohamad accused George Soros of such attacks on the Malaysian ringgit. The suspicions that Soros’s actions entailed the Asian financial crisis - years, are also heated by the fact that the investor previously predicted the fall of the Asian market.

In August, Soros published a letter in the Financial Times, which wrote about the crisis in the Russian financial market and about the moderate devaluation of the ruble as a way to overcome it, and a few days later default was announced in Russia. The European press, for example, the French newspaper Le Monde and the British Independent called Soros a direct participant in the collapse of the Russian currency.Soros tried to challenge the court decision, but the Cassation Court of France rejected the appeal.

Gradually, the investment strategy of Soros became more restrained and conservative. In the year, the financier announced the transformation of the fund into a family investment group: he returned funds to external investors and began to work only to increase his family capital. The social and political activity of Soros Soros is a adherent of the theory of cosmopolitanism, that is, ideology that poses the interests of mankind above the interests of individual states and nations.

In addition, he, following Popper, believed that societies should not be closed and isolated from the rest of the world. According to Soros, states with strict ideology and dogma need to be transformed into some “open societies”, whose members are free and independent in decision -making. Soros considered the key principle of the formation of an open society the development of critical thinking, as well as the organization of society and its institutions, which allowed to exist open discussion, and various points of view.

Soros launched these mechanisms, supporting public, cultural, and sometimes political, initiatives. Funds supported and financed scientific research, cultural events, distinguished scholarships for young people's training in world universities. The funds also financed funds of a socio-political orientation. By the beginning of the 21st century, the number of organizations of the Open Society Foundation in the world reached its maximum - more than Soros made in Russia the structures of the investor began their work in our country in the year when they established the Cultural Initiative Foundation.

But soon Soros closed him because of discontent by the fact that the fund fell into the hands of Komsomol workers and they did everything differently as it should. In the year, Soros repeated the attempt and opened the Open Society fund. The fund was engaged in the support of science and education, the situation of which was deplorable in those years: issued grants, purchased equipment, reagents for scientific centers, books for libraries throughout Russia, helped restore museums, and also supported the "fat" magazines - "New World", "Star", "Banner".

The University Center for Internet has become a large-scale Soros project in Russia to launch and develop Internet infrastructure in Russian universities. The Internet was launched in 33 educational institutions, which became for most students and teachers the first acquaintance with the global network. Also, the Soros Foundation sponsored the Yabloko party election campaign in the State Duma of the Russian Federation of the year.

The political activity of Soros and its funds caused concern among a number of Russian politicians. The activities of the fund were associated with the propaganda of neoliberalism and Western values, and also accused that it contributes to the leakage of the brain abroad. By the beginning of the 10ths, the Fund stopped financing projects in Russia, and in the year the Prosecutor General’s Office of the Russian Federation recognized it as an undesirable organization.

Subsequently, some organizations that received the support of the Soros Foundation were declared foreign agents. For what the Soros is criticized by the large-scale financial transactions of the investor caused both delight and rejection in the business environment. Soros was accused of adventurism, shaking the economies of entire countries in order to gain benefit. Soros was represented not only as a cold -blooded manipulator, for everything ready for the sake of profit, but even accused of cooperation with the Nazis during the years of the occupation of Hungary.

Photos of the supposedly young Dyurdy in the form of SS were distributed over the network, but as a result of the audit it turned out that the Nazi Oscar Gruning, who served in Aushwitz, was depicted in the photo. Moreover, at the time of the end of the war, Soros was 14 years old, which excludes the possibility of his service in the SS, where he was accepted from 17 years old. Repeated accusations of Soros of financing and supporting protest movements around the world and even in the United States were so impressed by Americans that a petition appeared in the year with a demand to deprive the investor of citizenship and prohibit him from entering the United States.

The petition scored signatures and was posted on the White House website. By December, the petition disappeared from the site. In May, Elon Musk said that Soros hates humanity and wants to "destroy the fabric of civilization itself." And the most unexpected accusation against Soros can be called the decision of the Peruvian court on the guilt of Soros and other “authors of the new world order” for example, Gates and Rockefeller in ...

The organization of pandemia Covid was married about George Soros, has five children: three from the first marriage and two from the second. After a divorce from his second wife, Soros met with the Brazilian actress Adriana Ferrair, who, after parting, made charges of harassment and beatings. The most famous books of Soros: “Alchemy of Finance”, “The New Paradigma of Financial Markets”, “The Crisis of World Capitalism.

Open society in danger ”,“ Open society. Reforming global capitalism. " The quotes of George Soros "Revolution usually begin with enthusiasm and end with tears."