For business and investment people, as well as economic observers, George Soros' profile must be well known. The reason is, Soros is a very influential figure in the international economic world. Has a lot of business and investment in many countries. The biography of George Soros is one of the teaching materials, as one of the successful examples in the world of business and investment in the world. However, for those of us who are new to the world of business and investment, of course you are unfamiliar with the name George Soros.

We must be wondering who George Soros is? Don't worry, all questions related to the figure of Soros will be found in this article. On this occasion, the history of George Soros along with his various achievements will be discussed. Including interesting facts from the latest Soros figure. Because the figure of George Soros is a figure who has a lot of experience and knowledge, it is only natural if we know the history of his life, how he went through many life problems to become a successful figure like today. Let's start the discussion by knowing the complete bio of Soros below.

George Soros Bio

Before going into the discussion of the history of George Soros, let's first look at George Soros' bio below:
  • Name: George Soros / György Schwartz
  • TTL: 12 August 1930
  • Nationality: United States
  • Occupation: Chairman of Soros Fund Management, Chairman of the Open Society Institute, Founder and adviser of the Quantum Fund
  • Education: London School of Economics
  • Total Wealth: US$ 20 Billion (as of March 2021)
The full profile of George Soros above can be found in any media, Soros is a keyword that is widely searched, especially when it comes to business and investment. Because his life journey is a lesson as a success story for every businessman and investor around the world. He has gone through many life experiences, which can be good teaching material to apply in running a business and investing. What is the life story of Soros like that we can learn many lessons from? Let's start the discussion.

Biography of George Soros

As a successful person in a certain field, the story of George Soros is certainly worthy of us as an example. Therefore, the life journey that Soros has gone through and the life experience he has is a very valuable knowledge.
 
There are many lessons and lessons that we can take from it. Soros was not successful and suddenly rich, he went through many things, many bitter experiences and many obstacles that he had to think about the way out. Soros was not born into a wealthy family, he pursued a career from the bottom. He had experienced rejection of work many times. Not ashamed to start from the bottom, by continuing to hold the fire of enthusiasm and courage in him as capital to get success.

1. Starting from Salesman

Soros started things after he finished his studies at the London School of Economics in 1947. On this occasion, Soros also met Karl Popper, a philosopher. From Popper, Soros was interested in the world of philosophy and science, which then led him to create a theory called the Theory of Reflectivity. Soros started it all by becoming a salesman at a souvenir shop in London.

The job was even recognized by Soros as the lowest point in his life. However, Soros is not ashamed of his past at all, even by admitting it, which is proof that he is proud of his past. Of course, Soros was not satisfied with his career as a salesman, so then Soros continued to try and find a job that could satisfy him and he considered it worthwhile. So at this point, Soros then thought of applying for a job as a bank merchant (a position as a bank creditor for traders) at that time. Soros' new journey began.

2. Repeatedly Refused to Work

Soros' life journey was not as smooth as the success he enjoys today. Soros faced many challenges, the most bitter of which was the experience of being rejected from work many times. The experience of repeatedly being rejected from work is a painful experience, and will be a bitter memory. Soros was indeed born to be successful and successful, this is evident from his mentality that does not give up easily.

Being rejected many times is not the end for him. After being rejected from one bank, Soros then looked for another bank. He continued to do this over and over again, until he got what he wanted. The experience of being rejected many times, and being looked down upon by job interviewers did not make Soros give up. Soros' journey to get a job ended, and Soros ended up at Singer & Friedlander. There is a unique fact that makes Soros acceptable at Singer & Friedlander, the only reason Soros is accepted is that the Singer & Friedlander's main manager is Hungarian.
Because they have the same nationality, Soros was finally accepted to work after being rejected repeatedly. From Singer & Friedlander, Soros' career flourished, many golden opportunities he gotten. After several years of careers at Singer & Friedlander in finance and business, it led Soros to expand his career and move to the United States. In America, Soros' career skyrocketed and became one of the most respected figures and figures in the world of economics, business and investment.
 
After being satisfied with the various achievements he got in the United States, Soros then decided to return to England. Upon his return to England, Soros' interest in the world of philosophy reappeared. Soros then remembered his meeting with Karl Popper. At this point, Soros then began to develop an idea that came to be known as the Theory of Reflectivity.

3. Theory of Reflectivity

Soros' theory of reflexivity is based on the idea that the value of market prices is often controlled by the situational ideas of the market participants themselves, rather than influenced by fundamental elements. From this idea, Soros argues that a reflection is created from a continuous chain. When an idea affects market conditions, and then market conditions affect an idea.

The impact of the Soros theory is a market condition that can be described as a bubble. In a condition the market will crawl up so as to provoke positive sentiment, this condition is analogous to a boom (the bubble is expanding). Once the bubble gets bigger and is not strong enough to withstand the pressure, the bubble will burst due to negative sentiment towards market anomalies. There is a lot of George Soros' knowledge that can be useful to us, Soros summarized it in George Soros' book entitled The Alchemy of Finance which he published in 1987. Many thoughts and ideas from Soros are contained in his book, ranging from how Soros does business, investing to George Soros' technical analysis.

4. Shaking the Bank of England

One of the phenomena that made Soros increasingly highlighted by the international media was an event known as Black Wednesday which occurred in 1992. George Soros shook the Bank of England by doing hedge funds. Hedge Fund is a hedge fund which is a large-scale collective management of investment funds carried out by partner investors.
 
Soros saw an opportunity at the time, as Britain refused to agree to implement a single currency in Europe. With the actions taken by Soros against the Bank of England, in order to survive on September 6, 1992 the UK had to raise interest rates, because it could not stand the inflation that occurred. Gradually, the pound sterling is weakening and the exchange rate continues to decline. Soros also got a victory.

5. Accused of being the mastermind of the 1998 monetary crisis

One of the international accusations was also made against Soros. After the uproar in the UK, many accused Soros of being the cause of the 1998 monetary crisis in ASEAN countries, including Indonesia. George Soros' 1998 accusation, of course, is not without reason. The 1992 incident in the UK reinforced the accusation. Soros was accused of hedge funds and saw opportunities with the financial conditions that occurred in Thailand in 1997. The value of the baht currency was still worth (peg) to the US dollar in 1997. Thailand also feels safe to calculate in US dollars.

However, the US dollar currency continues to strengthen, and the Thai baht is unable to maintain its peg to the US dollar. With a capital of less than US$ 1 billion, Soros also speculated on the baht. The baht currency policy changed shortly after Soros took action. The Thai baht changed from a fixed floating scheme to a free-floating one. The value of the baht is in free fall by 60%. Slowly, the conditions experienced by Thailand are felt by various countries in ASEAN, including Indonesia.

Latest Facts (2020 and 2021)

Some of the moments that have been discussed above are a number of stories from Soros that have influenced the world. However, how is Soros doing now? The following is a discussion related to some of the latest facts from Soros.

1. Business, Investing and Becoming a Successful Trader

George Soros' business is spread across various countries in Asia, in Indonesia his business is in Aceh and Sorong. George Soros' companies in Aceh and Sorong are engaged in investment and capital. Soros' expertise in business and investment has earned him the label of George Soros forex or George Soros trader. Some of the companies founded by Soros include the Open Society Foundation and Soros Fund Management.
 
However, Soros Fund Management's journey was quite winding and then made it change its name and management structure to Quantum Fund. In 10 years, Quantum Fund has successfully gained profits of up to 4,200 over 10 years. Whether it's George Soros' net worth and Soros' actions in investing, his success cannot be ignored. Despite many accusations and accusations pinned on Soros, Soros is still successful in the world of investment. Here is George Soros' portfolio in investing:
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  • Google's parent stocks, such as Alphabet Inc and Netflix Inc, were bought by Soros in the third quarter of 2016.
  • Shares of Biogen Inc, Hewlett Packard Enterprise Co and Priceline Group are partly owned by Soros.
  • In 2016, Soros also took a number of shares in the energy sector with a total investment of US$ 132 million.
  • Soros also gave Williams Cos shares worth US$ 97.5 million.
  • Soros holds as Shares of California Resources Corp, Petróleo Brasileiro SA, and Rice Energy Inc.
  • Shares of Walt Disney Co, General Motors Co, Hershey CO, Anthem Inc, Delta Airlines, Monsanto Co and Pandora Media Inc are also held by Soros. However, in 2016 Soros divested its shareholding in the company mentioned above.
There are many more investment track records made by Soros, but in the recent past, the list above is a portfolio that has occurred. If calculated, Soros' total wealth as of March 2021 is US$ 20 billion. This is a net number. If calculated with other funds, Soros' wealth will far exceed this figure.

2. Playing as Philanthropists

After decades of running George Soros' trading strategy, and also carrying out various actions in the trading world, one of which is George Soros' action of forex, which resulted in George Soros' wealth reaching fantastic figures. Soros then reduced some activities and slightly relaxed George Soros' way of trading. George Soros recently carried out more charitable acts and declared himself a philanthropist or a philanthropist.
 
Soros has spent much of his fortune with billions of dollars to finance humanitarian projects around the world. Many activists and nationalists around the world claim that Soros is a manipulator of democracy. Instead of much help, what Soros has done, especially to Britain in 1992 and also in Asia in 1997-1998, remains unforgivable and forgotten.

A wealthy philanthropist cannot escape various accusations. One of the harsh accusations made against Soros is his action of always funding art activities, not funding various countries that are experiencing a hunger crisis. Soros also received harsh accusations that were anti-Semitic, and many others. Despite all these accusations, Soros' role in the world of business, investment and the international economy is extraordinary. There are many lessons that we can take, we can also imitate the way and mindset of Soros itself to be able to get success in the world of business and investment.

George Soros Quotes

The following are some George Soros quotes that we can use as our handle when running a business. Some of George Soros' wise words also teach about the value of wisdom in life. Come on, let's just take a look at the list of quotes below:
  • “I chose America as my home because I value freedom and democracy, civil liberties and open society."
  • "The world values us for leadership. We have prepared it in the past; The main reason why anti-American sentiment in the world is so strong today is that we don't provide it in the present."
  • "We can talk about the victory of capitalism in the world, but we cannot talk about the victory of democracy yet. There is a serious mismatch between the prevailing political and economic conditions in the world today.”
  • “Open and fair discussion is essential for democracy."
  • "When I made more money than I needed for myself and my family, I set up a foundation to promote the values and principles of a free and open society."
  • "Whenever there is a conflict between universal principles and self-interest, self-interest tends to prevail."
  • "Most of the poverty and misery in the world is caused by poor governance, lack of democracy, weak countries, internal strife, and so on."
  • "If we care about universal principles such as freedom, democracy and the rule of law, we cannot leave them unchecked; we must build other institutions to protect them.”
  • “The most difficult thing to assess is what level of risk is safe."
  • "The worse a situation is, the less effort it takes to recover from it, and the greater the good side."
  • "Increase your bets when you are confident and lower your position when you have no confidence."
  • "I'm pro on maximum supervision and minimum regulation."
  • "Unfortunately, the more complex the system, the more room for error."
  •  "The global economy is not only characterized by the free movement of goods and services but, more importantly, by the free movement of ideas and capital."
  • "I believe that the main enemy of open society is no longer communists, but a capitalist threat.”
In addition to the quotes above, there are also George Soros quotes trading that can open up our understanding of the world trading:
  • “Financial markets in general are unpredictable. So one must have a different scenario... The idea that you can predict what's going to happen goes against the way I look at the market."
  • "The market is constantly in a state of uncertainty and fluctuation, and money is made by making clear discounts and betting on the unexpected."
  • "Stock market bubbles do not appear without cause. They have a solid foundation in reality, reality therapy is like being distorted by misunderstanding."
  • "The reality is that financial markets are self-destabilizing; Sometimes they tend to go towards imbalance, not balance."
  • "Markets are designed to enable individuals to reach for their personal needs and pursue profits. It's really a great discovery, and I don't underestimate it. But markets are not designed to take care of social needs.”
That's all about Soros' biography, hopefully Soros' life journey in achieving success can be a lesson for us, especially those who are struggling to reach the peak of business glory. In business and investment, there is no instant success, everything needs struggle and careful calculation. Hopefully all the thoughts from Soros that have been summarized in the qoutes and his works can also be a motivation for us to be more successful and have the desired wealth. With wealth, we can be more useful to many people, with wealth we can pay more attention to humanity more broadly.  In addition to getting information about George Soros' complete biodata, at GIC Indonesia you can also get information about the world of trading. Not only information through articles, but you can also join us in the GIC Trade Telegram Community and GIC Trade Telegram Channel. For beginner traders, you can learn for free by joining the forex academy platform or watching Premium Video content and Trading for Freedom videos on GIC youtube. Don't forget to also follow GIC Instagram, so you don't miss out on interesting webinar information from us. Don't miss out on interesting events at GIC such as 100% Deposit Bonus and Friday Barokah. You can also participate in Live Trading when Non Farm Payroll data is released.