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George Soros
Finance & Economics
George Soros is a Hungarian and American investor and philanthropist known for hedge fund management and his theory of reflexivity in capital markets.
Biography
George Soros was born in Budapest in 1930 and survived the Nazi occupation of Hungary as a Jewish teenager. He moved to the United Kingdom in 1947 and studied philosophy at the London School of Economics, earning degrees in 1951 and 1954.
Soros began his career at British and American merchant banks. He established Double Eagle in 1969 and Soros Fund Management in 1970. Double Eagle later became Quantum Fund, which he principally advised. His short sale of pounds sterling during the 1992 UK currency crisis earned him the nickname “The Man Who Broke the Bank of England.” Drawing on his philosophical studies, he developed a theory of reflexivity to explain aspects of capital markets, including asset bubbles and differences between market and fundamental values.
His philanthropic work includes donations through the Open Society Foundations and support for scholarships, universities, poverty reduction and transparency initiatives.
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Books by George Soros
The new paradigm for financial markets
The New Paradigm for Financial Markets examines the origins of the credit crisis and its implications for the future. Soros combines practical financial insight with philosophical analysis, placing the upheaval within his study of how individuals and institutions respond to boom-and-bust cycles.