Soros's investment achievements are unparalleled. In fact, he is even greater than another master Buffett. On the surface, Buffett has more personal wealth, but as long as you understand the logic behind it, you will find that Soros's performance is much higher than Buffett's. And who is better, Soros or Buffett, we will understand through their respective characteristics.

First, the starting point is very different.

Buffett is an American with a good family background and a good grandfather. He is a local celebrity. Buffett's father, Howard Buffett, is a US senator. He has many friends and is an excellent stockbroker. One year before his death, Howard Buffett made a will, namely 1963, and put his 330,000 pounds into Buffett Company.

Prior to this, 1957, in Soros's second year in the United States, Buffett was in charge of $500,000. 1962, Buffett personally owned 1 ten thousand dollars. At this time, Soros has just arrived in the United States, which is already the sixth year. He is still an analyst who is worried about his livelihood.

Compared with Buffett's family background, Soros has different views on each other. When Buffett was a student, he could spend 1 1, 000 dollars to buy stocks, while Soros and his parents still avoided Hitler's persecution every day. When Soros was studying at London Business School, he had to apply for poverty alleviation to make a living.

When Soros/Kloc-0 arrived in the United States in 1956, all his property was only $5,000, and his survival and life depended on it. At this time, Buffett's personal assets are hundreds of thousands of dollars. When Soros first established the Double Eagle Fund on 1969, Buffett's personal wealth had reached 65 million pounds. The starting point is very different. This is the difference between diaosi and nobility. The initial gap between the rich and the poor was 10,000 times.

Second, the allocation of funds varies greatly.

Buffett is notoriously stingy. He drinks coke and eats bread every day. He is also stingy with children. When Bill Gates visited Buffett's former residence, people found him extremely simple. Before donating to Bill Gates Charity Fund, Buffett was a famous miser, and basically made few donations. Buffett's money has only one purpose: continue to invest and make money with compound interest.

Soros is completely different. Soros has great social goals. He devoted himself to an open society all his life, for which he donated a lot of money. Before Bill Gates and Warren Buffett started donating, Soros donated for the first time in many years. Soros said in a recent article that in the past 30 years, he has donated more than 8 billion dollars to promote democracy, promote freedom of speech, improve education and eliminate global poverty.

Although Buffett also donated money, he later donated it all at once, and the accumulated principal did not shrink. Soros's donation is a continuous donation during the investment process, and each donation will reduce the principal.

Buffett donated money while making money, and Soros donated money while making money. These are two models, and of course Buffett has accumulated more. Soros said that if Soros adds the donated $8 billion to his fund, according to his own rate of return, the total wealth will more than double.

Third, there are different ways to make money.

Buffett controls investment by controlling the company. In essence, Buffett invests and makes money by running a business as a shareholder. Soros controls investment through funds. He is a fund manager and earns money by collecting commissions and management fees. These two different ways of making money show that Buffett will accumulate wealth more easily. In short, Buffett is more like an entrepreneur and Soros is more like a financial investor. Through this comparison, we can clearly understand why the personal wealth of Buffett and Soros is very different. Buffett's company is also the result of his purchase.

Buffett insists on buying good stocks of enterprises, and even directly participates in the business decisions of enterprises. For example, Buffett has been a director of Coca-Cola Company for a long time, exerting personal influence on the company's business strategy. By investing in high-quality enterprises, Buffett enables enterprises to produce better products. In this way, social wealth has increased, and Buffett, as a shareholder of the company, has also received corresponding returns.

Soros prefers to crack down on bad companies. This kind of enterprises is very extensive, not only listed companies, but also a country's currency is overvalued. I believe everyone should be impressed by the Southeast Asian crisis, that is, Soros attacked the Thai baht. It is actually a waste for capital to enter these bad enterprises, and Soros is using foreign exchange or the stock market to short these capitals and leave these enterprises.

Fourth, investment habits are different.

Buffett pays attention to value investment, while Soros makes money through speculation. From the different characteristics of their wealth growth, we can see that Buffett's total wealth growth is very large, Soros's wealth growth is very fast, Buffett's wealth ranking has been in a stable state, while Soros's wealth ranking fluctuates greatly. It can be seen that the change of Buffett's wealth is systematic and related to the change of the whole economy. Compared with other rich people, Soros's wealth growth rate is sometimes fast and sometimes slow. So Buffett focuses on investment, while Soros focuses on speculation. In a word, it is to invest in Buffett for a long time and speculate on Soros for a short time.

The above four points are the foundation of Soros and Buffett, two outstanding people in the field of financial investment. They use the capital market to create wealth for the society, thus obtaining huge monetary returns for individuals. Although their investment styles are quite different, they can all stand at the highest peak in the investment field, no matter who is more powerful. Are worth learning.