That wasn’t a tremor, those were rumblings that there was an awakening giant. Now before you disregard the levity of that last statement, take a moment. Michael Jordan (ever hear of that guy?) simply dominated the world of athletics. After being unquestionably the best in the business for a few years he just sort of faded out of the sport of basketball, to try something else like baseball. Yeah, he was amazing at that too! For those who raised a brow, are you good enough to play collegiate level baseball? Semi-Pro? Minor Leagues? Okay, continuing on, he returned to the basketball scene a few years later – same result. Some people just are the best of us.
George Soros let the world know that he was one of those giants with the now legendary 1992 trade. How big? How about the infamous tag line, “the man who broke the Bank of England” notorious? That one day trade was reported to have an estimated return of one billion dollars, with a ‘B’, and reportedly ended up profiting George Soros something that was in the two billion dollar range, (Investopedia.com has a really nice overview of this event).
Oh yeah, and that aforementioned Jordan guy, he wasn’t so bad in business and marketing either, something far outside the realm of athletics. Sounds like someone else too, (yes, everyone seen this coming), George Soros has been a philanthropist, political activist and lecturer for starters, and has helped many, opened eyes and educated others. So it’s fair to say he’s not so bad at some endeavors far outside of Trading too.
A recent report from cnbc following his hiatus from trading and sudden reappearance, announced that some very considerable moves are being made by George Soros, and history makes a subtle suggestion that this story may end like every other venture he and the best of us engage in, same result.
One thing is certain, that wasn’t a tremor – that was George Soros. Don’t think for a minute that everyone attached to this industry isn’t well aware, he has our attention now. It might be the one rare shortcoming of giants, they aren’t so quiet.
Learn more about George Soros: