Investor: George Soros

Investor, People

George Soros  (born György Schwartz, August 12, 1930) is a Hungarian-born American billionaire investor and philanthropist. As of May 2020, he had a net worth of $8.3 billion, having donated more than $32 billion to the Open Society Foundations, of which $15 billion have already been distributed, representing 64% of his original fortune, making him the “most generous giver” (in terms of percentage of net worth) according to Forbes.

Born in Budapest, Soros survived the German occupation of Hungary and moved to the United Kingdom in 1947. He studied at the London School of Economics and was awarded a bachelor’s, then obtaining a master’s, and eventually a Doctor of Philosophy (Ph.D.) from University of London. Continue reading “Investor: George Soros”

Article: EXCLUSIVE: How George Soros influences Canadian government (PART ONE)

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EXCLUSIVE: How George Soros influences Canadian government (PART ONE)

Sheila Gunn Reid, 23 September 2020

In late January 2021, GameStop experienced a once-in-a-decade squeeze that has captivated the world’s attention. It was a premeditated and programmatic exercise, orchestrated by coordinated stock and option buying across the retail and professional community, resulting in large institutional entities losing billions of dollars. Investment houses with significant short positions did not expect a stock with GameStop’s fundamental profile to increase +2,500% in price over less than three weeks; therefore, they did not have the controls in place to handle the incredible levels of stock and call option purchases. The frenzy drew comments from the White House, provoked a social media crackdown, caused brokerage units to restrict trading, and has led to a Congressional hearing on GameStop on Thursday, February 18th.
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Article: Part 9 of Illegal Naked Shorting Series: The Risk/ Reward of Shorting Versus Buying Stocks is Extremely Unfavorable

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Part 9 of Illegal Naked Shorting Series: The Risk/ Reward of Shorting Versus Buying Stocks is Extremely Unfavorable

Larry Smith

Smith On Stocks, 11 July 2019

In this report, I contrast the risk and reward of shorting versus buying stocks. When you unravel the economics and risk/ reward of shorting, it is clear to me that this is a highly risky, low return strategy. As argued in this report, I see shorting as a losers game if employed consistently over time as opposed to buying stocks which is a winners game. I see shorting as a niche strategy that is applicable on a short term trading basis for a very limited number of stock trades. I think you will agree with me as I go through the major risk and reward elements of shorting.

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Article: Soros family office fined for naked short selling

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Soros family office fined for naked short selling

Bloomberg via India Times, 7 December 2018

Hong Kong: Soros Fund Management, the about $25 billion family office of billionaire George Soros, was fined by Hong Kong’s securities regulator for naked short selling. The company’s Hong Kong unit was reprimanded and fined HK$1.5 million ($192,000) for a 2015 trade involving a bonus share issue of Great Wall Motor, the city’s Securities and Futures Commission said in a statementon Thursday.

Article: The Taming of the Trading Monster

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The Taming of the Trading Monster

Even billionaires have feelings,” Alexandra Cohen had taken to saying. Her husband, Steve Cohen, is the billionaire in question. He’s one of the most successful hedge-fund managers in history—“the Michael Jordan of trading,” in the words of one Wall Street observer.

He’d built SAC Capital Advisors into one of the most profitable hedge funds in the world while amassing a net worth estimated at $11 billion.

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