George Soros’s Lessons $10 Billion Currency Play (Trading)
- 7 years ago
We can learn several lessons from Soros and his theories:
○○ First, have a global outlook.
○○ Second, try to understand how our own investing decisions
are based on market movements and the actions of others
and not simply on the market fundamentals.
○○ Third, be cognizant of the market’s tendency to gravitate
toward boom-and-bust-cycles and the opportunities that these
movements might afford.
○○ Fourth, if you are a trader, as opposed to being a long-term
investor, be as willing to go short as you are willing to go long.
○○ And lastly—for the more adventurous and less risk averse—if
you have high conviction in an idea, be willing to bet big.
○○ First, have a global outlook.
○○ Second, try to understand how our own investing decisions
are based on market movements and the actions of others
and not simply on the market fundamentals.
○○ Third, be cognizant of the market’s tendency to gravitate
toward boom-and-bust-cycles and the opportunities that these
movements might afford.
○○ Fourth, if you are a trader, as opposed to being a long-term
investor, be as willing to go short as you are willing to go long.
○○ And lastly—for the more adventurous and less risk averse—if
you have high conviction in an idea, be willing to bet big.