George Soros 'loses' $1bn after bearish Trump trades
http://www.telegraph.co.uk/business/201 ... mp-trades/
"Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected."
Soros has generated more than $45 billion in profits from his investing activities…
That’s more than money that anyone has made from investing except hedge-fund legend Ray Dalio.
Soros, however, accomplished these profits with far less capital and far fewer clients. He also did it while giving away almost $1 billion a year for the last 20 years.
Modern economic theory is based on the idea that the market, as a whole, has perfect information. That assumption is fundamentally wrong for two reasons.
First, most of what investors think they know simply isn’t true.
He realized that despite being wrong, investors could still influence reality to the point where they could even become right.
He called these phenomena “reflexivity.”
The success of that idea will be determined more by what people believe than by what clear facts dictate… or what previous outcomes would suggest.
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7. Monsanto (MON)
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