ReverseSignals

(Soros' Reverse Signals stock picks buy/sell signals)

George Soros is a Hungarian-American financier, businessman and a notable philanthropist. He is the Cahirman of Soros Fund Management and the Open Society Institute, and former member of the Board of Directors of the Council on Foreign Relations. During the Black Wednesday UK currency crises Soros made $1 billion thus becoming known as “the man who broke the bank of England”. He provided Europe’s highest endowment in support of higher education to Central European University in Budapest between 1984 and 1989. In the United States he’s famous for donating large amounts of money in the attempt to defeat George W. Bush from re-election in 2004. Also, in 2010 he donated $1 million in support of Proposition 19 which would have legalized marijuana in the state of California.

Soros immigrated to England in 1947 where in 1952 he graduated the London School of Economics with a B.S. in Philosophy. He moved to New York City in 1956 where from 1956 to 1959 he worked as an arbitrage trader with F. M. Mayer, and from 1959 to 1963 as an analyst with Wertheim & Co. During this time he developed the philosophy of reflexivity, according to which the action of beholding the valuation of any market by its participants affects said valuation of the market in a pro-cyclical virtuous or vicious circle. However, he soon realized that this concept won’t earn him any money unless he goes into investing on his own.

Some of Soros’ learnings and beliefs include starting with smaller amounts of money and then building a portfolio with increasing profits; trying to do what you are good at; keeping in mind that perceptions change events which in turn changes perceptions; realizing that stocks prices are determined on the basis of Fundamental analysis, and the problem lies in grasping the internal dynamics of the fundamentals of a company since they keep changing very often. Soros questions the foundation on which Technical analysis of stock was built and thus considers Technical analysis to be an utter waste. In fact the "fundamental analysts" from Wall Street lost 47% in 2002 and another 55% in 2008... of YOUR money.

On charity, Soros says that it is a very corrupting activity – corrupting to the receiver because he gets spoiled, and corrupting to the giver because others start sucking up to him. Soros’ most famous quote: “Short term volatility is greatest at turning points and diminishes as a trend becomes established […] By the time all the participants have adjusted the rules of the game will change again.”