The Trading Legends Edition - George Soros , Ep #77

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Love him or hate him you have to admit that George Soros is one successful fellow. A true rags-to-riches story, George Soros is one of the most iconic investors alive today. Born before the fall of Eastern Europe, he grew up under the thumb of fascism where he learned to ruthlessly go after what he wanted.

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George was 13 when the Nazis took over Hungary (1943). The Jewish children like himself were not allowed to attend school, but instead were forced to report to the Nazi authorities. The Nazis wanted the Jewish children to hand out deportation notices, but George, at least, was able to turn the tables. When he showed his father the notices, his father took them, and told his son to tell all the men on the list that they needed to run away and escape before the Nazis tried to deport them.

Soros aided his father throughout the War years in rescuing many Jews from the Nazis. George described it as a "happy time" because he got to witness his father's heroism day after day.  In 1945, the family experienced the Siege of Budapest in which Nazis and Russian soldiers fought hand-to-hand and house-by-house throughout the streets of Budapest. 

He survived the German occupation of Hungary and escaped to freedom in 1947. It was then that George went to the United Kingdom and began his career as an investor. 

 When asked how he went from being a poor refugee to a billion dollar financier, how he got his start in investing, George replied that he wrote a letter to the head of every investment bank in London, until he got an offer.

In 1970, George started The Single Eagle Fund with $100,000.  Three years later, Soros set up the Double Eagle Fund with $4 million dollars, including $250,000 of his own money. That fund is now worth over a billion dollars.
 
 In 2013, the Quantum Fund is reported to have made $5.5 billion in profits.  It was the most successful hedge fund that year.   As of today's date, the Quantum Fund has made well over $40 billion dollars, much of which has been used for philanthropic purposes.

 The Man Who Broke The

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