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He is not a socialist. You should watch some interviews on the guy. He is a sociopath at work, and a person concerned about how bad his work can be for the world.
He would take money from orphans if he thought that doing so would beat someone else to it. But he thinks that taking money from orphans is wrong.
Complex guy....and not a nice one in some ways, but great in others.
Its like a guy running a payday loan company that spends money to get them banned.
Soros is a very very effective capitalist
The 'great in others' probably refers to the organizations he has to 'help the world', which at first blush seem philanthropic, but once you start digging you see there's actually a very consistent agenda in what he's doing.
I don't know if Soros is intentionally evil; however, the society he envisions is highly centralized, which means that those in control will possess an incredible amount of power over global society. Depending on their beliefs, it could lead to a very dangerous situation.
Personally, I feel like decentralization is more risk averse, but it all depends on how you structure it.
Hasn't Jeff Bezos made that much in a day? Do you know all the positions that Soros holds?
What part of what I wrote do you not understand specifically?
Do you spell George Soros...as Jeff Bezos?
"deep understanding of his capabilties" what does that mean specifically with regards to the discussion?
I like to think I have a deep understanding of my capabilities but if I just missed a market bubble with short positions or other investment vehicles I wouldn't assume that I'm "due" for some miracle return based upon whatever.
I don't know if Soros is intentionally evil; however, the society he envisions is highly centralized, which means that those in control will possess an incredible amount of power over global society. Depending on their beliefs, it could lead to a very dangerous situation.
Personally, I feel like decentralization is more risk averse, but it all depends on how you structure it.
A number of well intentioned altruists have seen their works hijacked by more ruthless second-comers throughout history.
Basically, if we could elect a great "king" we'd be awesome for a while....but eventually his son\daughter or grand son\daughter or further down would absolutely wreck us.
If anyone has questions about this, go look at how power in China has gone over the past 100 years.
The kids and grandkids of MAO and his loyalists are now what is surging the San Fran and other housing markets because they are billionaires.
"deep understanding of his capabilties" what does that mean specifically with regards to the discussion?
I like to think I have a deep understanding of my capabilities but if I just missed a market bubble with short positions or other investment vehicles I wouldn't assume that I'm "due" for some miracle return based upon whatever.
If you are familiar with some Soros' literature, you would realize that Soros has a deep understanding of the nature of risk. He realizes that you cannot judge a man's life based on their present situation, as things can change drastically for the worst. It is highly likely that Soros ran a Monte Carlo simulation based on variables with several different asset classes under multiple scenarios, so at least with the current knowledge and data at his disposal, it's likely that he is prepared for a "worst case scenario" market situation.
Regarding the potential for him to make billions in a day, it depends on what asset classes his own billions of dollars are allocated in, but it is certainly possible. While I do not have the statistics available on hand because I do not know what his portfolio allocation is, I will go out on a limb and assume that there is at least one sample path within one standard deviation of the mean where Soros can make a billion dollars in a day.
A number of well intentioned altruists have seen their works hijacked by more ruthless second-comers throughout history.
Basically, if we could elect a great "king" we'd be awesome for a while....but eventually his son\daughter or grand son\daughter or further down would absolutely wreck us.
If anyone has questions about this, go look at how power in China has gone over the past 100 years.
The kids and grandkids of MAO and his loyalists are now what is surging the San Fran and other housing markets because they are billionaires.
I agree with you. It's why the Constitution is so great; however, the Constitution is only as great as the individuals in the society it governs.
If you are familiar with some Soros' literature, you would realize that Soros has a deep understanding of the nature of risk. He realizes that you cannot judge a man's life based on their present situation, as things can change drastically for the worst. It is highly likely that Soros ran a Monte Carlo simulation based on variables with several different asset classes under multiple scenarios, so at least with the current knowledge and data at his disposal, it's likely that he is prepared for a "worst case scenario" market situation.
Regarding the potential for him to make billions in a day, it depends on what asset classes his own billions of dollars are allocated in, but it is certainly possible. While I do not have the statistics available on hand because I do not know what his portfolio allocation is, I will go out on a limb and assume that there is at least one sample path within one standard deviation of the mean where Soros can make a billion dollars in a day.
However, admittedly, I could be wrong.
I'm someone that works with and even builds simulations for a living. They are based upon assumptions.
Clearly, Soros saw Trump get elected and despite rhetoric that would "help the rich and corporations", he bet the other way. Not sure why because a whole lot of republican money surged upon his election.
That's and insane move and throughout history we've seen very smart, savy leaders make horrible mistakes for a variety of reasons after realizing huge success.
I seriously don't give a fudge. This isn't going to impact Soros materially but it's likely that in this case emotions got the better of him because after all he's human....so what.
To bad it wasn't three billion. Maybe next time. Gyorgy may think he is smart but not smart enough.
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It's not perfect but it's better that most. 
They are based upon assumptions. 
