Biography of Soros Book
His father, Tivadar Schwartz, was a lawyer, a prominent figure in the Jewish community of the city, an Esperanto specialist and an expertist writer. In the year, the family changed their last name to the Hungarian version of Soros Soros. In the year, Soros moved to England. He entered the London School of Economics and Political Sciences and successfully graduated from three years later.
He was lectured by the Austrian philosopher Karl Popper, whose ideological follower became Soros. In England, George Soros found a job in a haberdashery factory, and then turned into a salesman, but did not leave a search for work in a bank. In the year, he got a place at Singer and Friedlander. Work ... and at the same time the internship took place in the arbitration department, which was next to the exchange.
By the year, the beginning of the career of Soros in the field of the financier is attributed. He arrived in the United States at the invitation of his father of his London friend, a certain Mayer, who had his own small brokerage company on Wall Street. A career in the United States began with international arbitration, that is, buying securities in one country and selling them in another.
Soros created a new method of trade, calling it an internal arbitration - the sale separately of the combined securities of shares, bonds and warrants before they could be officially separated from each other.
In the year, Kennedy introduced an additional fee for foreign investments, and Soros closed his business. In the year, Soros becomes the leader and co -owner of the Dabble needle fund, who later grew into the famous Quantum Quantum Group. The fund carried out speculative operations with securities with varying success. By the middle of the year, Kwantum's capital amounted to 10 billion US dollars.
Soros began to call this environment "white". And Soros himself began to be called the “man who broke the Bank of England,” although his role in the fall of the pound was exaggerated by the “black strip” in the life of Soros. Soros in his hearts called this purchase "the worst investment of money in his life." Gradually, Soros departs from financial speculation and declares charitable activities, including in the field of education and scientific research.
He makes statements about the need and usefulness of restrictions in the financial sector, including to reduce investment capabilities of large financial structures. The investors were informed about this decision of the head of the fund with a special letter, which, in particular, said: “We thank everyone who invested money in the fund over the past 40 years.
We hope that over time you were rewarded for your contributions to the fund. ” As Soros himself stated on July 26, since next year, he will increase only personal capital and his family. Detailed biography.