For more than 40 years, George Soros delivered an average annual
return of about 20% to the investors in his hedge fund. At that rate of
return, a $10,000 investment when the fund was started in 1969 would
have grown to more than $20 million when Soros closed the fund in 2011.
Soros
did not provide day-to-day management for the fund throughout its
entire history, but he was the driving force behind those gains.
He
may be best known for his success in the currency markets. Soros is the
trader who broke the Bank of England and enjoyed a $1 billion profit in
a single day. But Soros started his career as a stock market analyst
and demonstrated his extraordinary talent for investing in his 1987 book
The Alchemy of Finance. His stock selection was responsible
for most of the returns in his hedge fund. His fund more than doubled in
about a year while he was documenting his thoughts about the markets. (more)
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