George Soros
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I don’t know that Nuclear Eagle was published at 14:52 on June 30, 2009. Read (6) Comments (0)
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Investment strategy and theory: Based on the "reflection theory" and "up and down theory", enter and exit at market turning points, and use the "herding effect" to actively control the market against the market for market speculation. What matters is market trends.
Theoretical explanation: Soros's core investment theory is "reflection theory", which simply refers to the interaction between investors and the market. The theoretical basis is that it is impossible for people to understand the world correctly. Investors enter the market with "prejudices", and "prejudices" are the key to understanding the dynamics of financial markets. When "popular prejudice" only belongs to a small minority, its influence is still small. However, the prejudices of different investors will generate group influence during interactions and will evolve into dominant concepts. It's the "herding effect".
Specific methods: Invest huge amounts of capital in the market that is about to "boom" to induce investors to buy enthusiastically, thereby further driving up the market price until the price goes crazy. When the market is about to collapse, take the lead in selling and going short. Since the market is already at its peak, fragile and vulnerable, any disturbance can cause panic selling, which will further intensify the decline until it collapses. Earn speculative spreads by entering and exiting at the turning point of rise and fall.
Rules and taboos to follow: There are no strict principles or rules to follow. You can only rely on intuition and offensive strategies to implement the "Law of the Forest" to win in one fell swoop.
The laws of the forest are: 1. Wait patiently for the opportunity to appear; 2. Pick out the weak to attack; 3. When attacking, you must be ruthless and do it with all your strength; 4. If things do not go as expected, life preservation is the first priority. consider.
Views on the relationship between the general trend and individual stocks: Pay attention to the market atmosphere and value the general trend but not individual stocks. It is believed that the short-term market trend is just a "herding effect" and has nothing to do with the quality of individual stocks.
Opinions on stock market forecasting: Do not predict and take the initiative to guide the market when market opportunities are approaching.
Views on investment tools: There is no specific investment style and no established principles. But watch out for the rules of the game changing. "Hedge funds", a circular mortgage lending method, continue to amplify the leverage effect. Using this leverage, as long as the fulcrum is found, it can even leverage the entire international monetary system.
Famous quotes and concepts: "Hype is like the law of the forest in the animal world, specifically attacking the weak. This approach can often hit the target with perfect success." "Everyone has weaknesses, and similarly, any economic system also has weaknesses. That is often the most unstoppable point. "The herd effect is the key to the success of every speculation. If this effect does not exist or is very weak, it is almost certain that we will not succeed." *Only adventurers will succeed*. ——————
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In 1930, George Soros was born into a wealthy Jewish family in Budapest, Hungary. His father is a lawyer with a strong character and shrewd approach. His influence on Soros is huge and far-reaching. Not only did he teach Soros to have self-respect and be strong and confident, but he also taught Soros from an early age to treat wealth with a peaceful attitude. In his later life, Soros also practiced his father's teachings and invested hundreds of millions of his family wealth in In charity.
As a child, Soros excelled in all aspects and was a victorious general in various activities. With his parents' favor, his superior family background, and his own excellence, he is a proud and enviable son of heaven. But it didn't take long for this life to be shattered.
In 1944, with the Nazi invasion of Budapest, Soros's happy childhood came to an end, and he began his escape career with his family.
It was a time full of danger and pain. Thanks to his father's shrewdness and strength, as well as fake IDs and the shelter provided by kind-hearted people, the family finally escaped the disaster.
Soros later said that 1944 was the happiest time in his life. He learned survival skills from life and death crises. Two of these experiences were very helpful for his subsequent speculative career. , the first is not to be afraid of taking risks, and the second is not to bet all your belongings when taking risks.
19
In 1930, George Soros was born into a wealthy Jewish family in Budapest, Hungary. His father is a lawyer with a strong character and shrewd approach. His influence on Soros is huge and far-reaching. Not only did he teach Soros to have self-respect and be strong and confident, but he also taught Soros from an early age to treat wealth with a peaceful attitude. In his later life, Soros also practiced his father's teachings and invested hundreds of millions of his family wealth in In charity.
As a child, Soros excelled in all aspects and was a victorious general in various activities. With his parents' favor, his superior family background, and his own excellence, he is a proud and enviable son of heaven. But it didn't take long for this life to be shattered.
In 1944, with the Nazi invasion of Budapest, Soros's happy childhood came to an end, and he began his escape career with his family. It was a time full of danger and pain. Thanks to his father's shrewdness and strength, as well as fake IDs and the shelter provided by kind-hearted people, the family finally escaped the disaster.
Soros later said that 1944 was the happiest time in his life. He learned survival skills from life and death crises. Two of these experiences were very helpful for his subsequent speculative career. , the first is not to be afraid of taking risks, and the second is not to bet all your belongings when taking risks.
19
In 1930, George Soros was born into a wealthy Jewish family in Budapest, Hungary. His father is a lawyer with a strong character and shrewd approach. His influence on Soros is huge and far-reaching. Not only did he teach Soros to have self-respect and be strong and confident, but he also taught Soros from an early age to treat wealth with a peaceful attitude. In his later life, Soros also practiced his father's teachings and invested hundreds of millions of his family wealth in In charity.
As a child, Soros excelled in all aspects and was a victorious general in various activities. With his parents' favor, his superior family background, and his own excellence, he is a proud and enviable son of heaven. But it didn't take long for this life to be shattered.
In 1944, with the Nazi invasion of Budapest, Soros's happy childhood came to an end, and he began his escape career with his family. It was a time full of danger and pain. Thanks to his father's shrewdness and strength, as well as fake IDs and the shelter provided by well-wishers, the family finally escaped the disaster.
Soros later said that 1944 was the happiest time in his life. He learned survival skills from life and death crises. Two of these experiences were very helpful for his subsequent speculative career. , the first is not to be afraid of taking risks, and the second is not to bet all your belongings when taking risks.
Soros said: "I am a complex man, and in some parts of the world I am known as a speculator and a devil for bringing the Bank of England to its knees and bankrupting Malaysians. But in the world In other areas, I am regarded as a defender of the 'open society'"
Indeed, he is a complex person who is unpredictable, compared with Soros's ruthless killing in the financial market. , he is also a philanthropist and philosopher. The Dayton Peace Prize he once won was named after the Dayton Peace Agreement signed in 1995 to end the civil war in Bosnia and Herzegovina. In 2000 alone, Soros's Bosnian Aid Foundation invested nearly US$500 million in Bosnia and Herzegovina's education, health, social development and other fields, and also donated US$25,000 in prize money to the reconstruction of Bosnia and Herzegovina. cause.
He also established a foundation with his own money specifically for the education of poor students...
This is Soros. People can never predict what his next step will be. Raising the flag of peace was yet another major earthquake that shocked the world and caused disaster to the people. But no matter what, he is one of the greatest investors in our world and brings us more in-depth thinking.
Secrets of success
He has a sharp eye for discovering economic bubbles and a cold heart for sweeping the market.
The ability to extract the most certain profits from uncertainty.
The courage to take risks by buying and selling short. Soros' investment secrets: Break through distorted concepts
Soros is a master financial theorist. He is always calm and calm. He neither laughs wildly nor frowns. Have a unique way to participate in the investment game, have a special style necessary to understand the financial market, and have a unique ability to understand the market. The primary secret to his success is his philosophy.
In his early years, he wanted to be a philosopher and tried to solve the most basic proposition of human beings-existence. However, he soon came to the dramatic conclusion that the possibility of understanding the mysterious realm of life was almost impossible, because first one had to be able to see oneself objectively, and the problem was that it was impossible to do this.
So he came to the conclusion that people are always unable to get rid of the fetters of their own opinions on the object being considered. In this way, people's thinking process cannot obtain an independent viewpoint to provide a basis for judgment or an understanding of existence. Give understanding. This conclusion had a profound impact on both his philosophical outlook and his perspective on financial markets.
The result of not being able to come up with an independent point of view is that people cannot penetrate the skin of things and arrive at the truth without bias. That is, the knowability of absolute perfection is rather questionable. As Soros said, when a person tries to explore his own environment, what he knows cannot become knowledge.
Soros deduced such a logic: Because human beings’ understanding is flawed, the most practical thing he can do is to pay attention to human beings’ flawed and distorted understanding of all things---this Logic later formed the core of his financial strategy.
Humans are not gods, and it is normal to be incomprehensible to market trends. However, when the vast majority of investors in the market have a complete understanding of the impact of fundamental factors and intend to continue to speculate , this kind of cognition is on the verge of danger. Why does a failed fifth wave appear in the market and why a V-shaped reversal often occurs after the fifth wave is extended? With Soros's philosophy, we can easily find out the answer.
Here, we will not comment on Soros’s philosophy for the time being, but aim to explore the first problem that a successful investor should solve, that is, his worldview and methodology, which will make him stand on the From a higher perspective, look at the market with a broader vision and dialectical thinking, keep a clear mind at all times, be calm in the face of panic, deal with it calmly, and ultimately achieve success.
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Soros’ investment secret: Investing in unstable conditions Introduction:
Market instability refers to the instability of market participants The deviation between expectations and objective facts reaches an extreme state. After the reaction force makes the market push itself to a certain extent, it is difficult to maintain and self-correct, causing the market imbalance to develop to a considerable degree. At this time, the market is unstable.
The unbalanced market state results from the strong contrast between the mainstream bias formed by market expectations and the objective reality. Sober investors in the market began to reflect on this bias and challenge the mainstream bias. The original dominant factors in the market have become fragile, but the inertia of the market has made the original trend crazy. Things must go from extreme to extreme. One of the secrets of Soros' investment success is to be good at discovering the unstable state of the market and seizing the opportunities for booms and busts.
For example, in a case that occurred in the mid-1980s, a bidding company's bid caused the company's assets to be revalued, so the bank granted more loans to other bidders, making their bids higher and higher. . Finally, bid prices skyrocketed and the market became shaky due to overvaluation. According to Soros' theory, a collapse will be inevitable. The possibility of booms and busts is greatly increased, and unstable market conditions provide opportunities for investors.
There are also examples of ups and downs around us. When the price of US soybeans rises to 1,000, the market predicts that it will reach 1,400 or 1,600. According to market psychology, soybean stocks were extremely underestimated at this time, and the value of soybean prices was greatly exaggerated. Eventually, a boom-and-bust phenomenon occurred, soybean prices plummeted, and domestic importers defaulted one after another. The high price of soybean imports caused oil and fat companies to reshuffle their fortunes.
It is also very critical to grasp the timing of booms and busts, because this is often when the mainstream market bias is strong and the lethality is relatively strong. Only by adopting appropriate investment strategies and building positions in a planned way can we make full use of this trend. The investment opportunities brought to us by this unstable market state.