When the Jewish financial tycoon Soros Fund was founded, it had only $40,000. It is impossible for this money to set off a big wave on Wall Street. Therefore, Soros and Rogers wisely adopted their own set of strategies. To put it simply, this strategy is "making profits with profits", which is what the financial community often says: "using other people's money to make money for yourself."
This strategy is figuratively compared by Soros as "the principle of leverage".
In the days when most investors were scared, Soros, who dared to take risks, stood out. They used the psychology of most investors to boldly short the stocks that most institutions like, such as Disney, Pollard and Troby Kana, and made huge profits from them. They also sold a typical "one-off" stock-Avon stock at a price of 120, which was equally successful.
It was by applying these two principles that they achieved their initial success. The rapid growth of its capital envies its peers.
In this way, Soros and Rogers constantly guide each other, encourage each other, and go to the peak of Wall Street's success together.
A businessman can run a profitable business by himself, which shows that he has business skills. A businessman who lets others make money for him without running his own business shows his business ability. Practice shows that the latter often earns much more than the former.
Jews, whether in business, politics or science and technology, are masters who are good at borrowing others' "potential" and skillfully borrowing others' "wisdom".
Henry Kissinger, the former US Secretary of State, is a typical expert. He skillfully borrowed the strength and wisdom of others when dealing with White House affairs. He has a tradition of calling the person who put forward the plan or suggestion in a few days without looking at any work plan or suggestion submitted by his subordinates first and asking him, "Is this your most mature plan (suggestion)?" After thinking about it, the other party is generally not sure that it is the most mature, so he has to answer, "Maybe there are still some shortcomings." Kissinger will ask him to take it back and think about it and modify it.
After a while, the sponsor sent a revised plan (proposal). At this time, Kissinger looked at it and asked the other party, "Is this your best plan?" Is there a better way than this plan? "This makes the sponsors fall into deeper thinking and take the plan back for further study.
In this way, let others think deeply repeatedly, give full play to their greatest wisdom, and achieve their own needs. This is a great masterpiece of Kissinger, and it also reflects a secret of Jewish success.
The famous Hilton became a rich man worth $570 million in only 17 years. The secret of his wealth is to borrow resources to run it. After borrowing resources, he constantly transformed them into new resources and eventually became the owner of all resources-billionaire.
Hilton especially wanted to get rich when she was young, but she never had a chance. One day, he was wandering in the street and suddenly found that there was only one restaurant in the bustling Youlin business district. He thought: If I build a high-class hotel here, my business will be very prosperous. Therefore, after careful study, he thinks that a piece of land located at the corner of downtown Dallas street is the most suitable land for building hotels. After he found out that the owner of this land was a real estate businessman named old Demick, he went to see him. Old Demick made an offer to him, and if he wanted to buy the land, Hilton got $300,000.
Hilton was noncommittal, but invited architects and real estate appraisers to measure his hotel. In fact, this is just an imaginary hotel of Hilton. He asked how much his imaginary hotel would cost, and the architect told him that it would cost at least 1 10,000 dollars.
Hilton only has $5,000, but he successfully bought a hotel with the money and kept appreciating. Soon he had 50 thousand dollars, and then he found a friend and asked him to contribute together. The two of them raised $654.38 million to start building the hotel. Of course, the money is not enough to buy land, which is far from the hotel he envisioned. Many people think Hilton's idea is a pipe dream.
Hilton once again found old Demick and signed a land sale agreement with a land transfer fee of 300,000 US dollars. However, while old Demick was waiting for Hilton to pay on time, Hilton said to the landlord old Demick, "I want to buy your land to build a large hotel, and my money is only enough to build an ordinary hotel, so I don't want to buy your land now, I just want to rent your land ..."
1925 On August 4th, the "Hilton Hotel" named after Hilton was completed and opened, and his life began.