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INSPIRATION: How to survive the most horrible stages in life
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How to survive the most horrible stages in life
By Nikita Jaeger

 1x 1He is now one among the wealthiest 100, according to Forbes. But you may not wish to believe that he was an escape artist at a young age. He had experienced many hardships at a young age, which taught him to take risks and make a great life out of it.
 

他年轻时经历过许多艰辛,这使他学会了冒险。
 

Born as Schwartz

George Soros in his apartment in London 1992George Soros in his apartment in London, 1992

His mother, Elizabeth, was a daughter of a well to do silk merchant and father, Tivader; a prominent lawyer of his time lived in a large house in Budapest. He was born in a happy and considerably wealthy Schwartz family in the year 1930. But life took a turn too soon; things became bitter for the Jews.
 

In the year 1936, when he was only six, his father decided to conceal the identity of the entire family by changing the surname. His father, Tivader, chose to use a palindrome word, which was easy to read from forward and backward, and it carried a beautiful meaning in different languages. In the Hungarian language, it meant the ‘designated successor’, while in Esperanto it said ‘will soar’. By 1944, Nazis had taken over Hungary and ill-treated Jews, and in Hungary itself, they killed over 50,000 Jews.
 

生于施瓦茨

他于1930年出生于匈牙利布达佩斯城一户犹太人家庭,他的父亲是个聪明但意志消沉,得过且过的犹太律师,母亲则是犹太人富商之女。
 

Survival during the Nazi invasion

Their family was also on the list of people to be deported, but his father managed to forge papers of identity. They had proven themselves to be Christians. At the age of 14, he was saved by an official of the government by posing him as his Christian grandson; he took him in. The year 1944 was an unforgettable moment in his life, and he revered it as the heroic moment of his father. The father and son duo had managed to save lives of many others also by concealing backgrounds and making new identity papers.
 

纳粹入侵期间的生存

1944年,随着纳粹对布达佩斯的侵略,他的幸福童年就宣告结束了,随全家开始了逃亡生涯。那是一段充满危险和痛苦的岁月,靠着父亲的精明和坚强,凭借假身份证和好心人提供的庇护,他们一家终于躲过了那场劫难。
 

The turning point in life

BT 202001 INSPIRATION 04In 1947, when communists came to power in Hungary, he left the country and moved to London. He supported his family and studies by working as a railway porter and a waiter at a night club. The hard work of the young lad paid off, and he could manage to complete his studies from the London School of Economics.
 

生活的转折点

1947年,他随家人移民至英国。17岁的他离开匈牙利,准备到先进的西方国家寻求发展。他先去了瑞士的伯尔尼,然后马上又去了伦敦。原先对伦敦的美好想象被现实粉碎了,这里不是穷人的世界,是富人的天堂。他只能靠打零工来维持生计,生活没有任何乐趣和新鲜感。
 

Beginning of his career

BT 202001 INSPIRATION 06Like any miserable job hunters, without many options, he took many jobs, including selling fancy items on the beaches. In the meantime, he had been relentlessly trying to get into banking jobs. The job-hunting took him to Singer and Friedlander, London, a merchant bank, as a clerk in the arbitrage section in 1954. After a short sting at Singer & Friedlander, one of his colleagues advised him to try with F. M. Mayer, a brokerage bank based in New York. In 1956, he joined with F. M. Mayer as an arbitrage trader. The exposure on F. M. Mayer gave him enough insight into European Stock, and he continued there for 3 years.
 

Then, in 1959 he moved to Wertheim & Co and worked as a European Securities analyst for 4 years. He planned to remain with Wertheim & Co for 5 years and make a saving of $500,000 and return to England for pursing philosophy.
 

He had started making his own theories in reflexivity on the lines of his teacher Karl Popper from the London School of Economics. According to this theory, the market values are dependent on the faulty ideas of the participants and not just the economic fundamentals. Events and ideas are related to each other in a reflexive loop. The boom and vicious bust cycle are a result of this reflexive influence only.
 

职业生涯

1949年,为了改变自己的命运,他考入伦敦经济学院。1952年,他取得伦敦经济学院哲学学士学位。1953年,他进入金融业,从事黄金等商品和股票的套利活动。1956年,他迁居到美国,到纽约从事交易员,负责买卖股票。1963年,索罗斯开始在爱霍德•布雷彻尔德公司工作,这是一家主要经营外国证券贸易的美国公司。索罗斯被雇为分析员,一开始,他主要是从事国外证券分析。由于他在欧洲形成了联系网络,而且他能够讲多种欧洲语言,包括法语、德语,索罗斯自然而然地成了在这一领域的开拓者。
 

Money-making takes up the pace

He also held the position of vice-president at Arnhold & S. Bleichroeder, a New-York based investment bank from 1963 to 1973. While the business was down due to the Interest Equalization Tax, he focused on his funding philosophy. With a funding of $100,000 from the bank, he started experimenting, trading possibilities based on his reflexivity theory.
 

By 1969, he was able to create the Double Eagle Hedge Fund, with a capital of $4 million, in which he also invested $250,000. It was the first Eagle Fund developed by him, which was set up as a branch of Arnhold & S. Bleichroeder.
 

The beginning of Soros Fund

BT 202001 INSPIRATION 0F5We can say, the funding legacy of Soros starts from this period. By 1973, Double Eagle Fund had an investment of $12 million, based on the investment strategy. The successful funding started to reward him 20 percent of profit annually apart from the return for the investment.
 

With an investment of $12 million of investors’ money, he could grow the investment to $25 billion by 2018. The fund is not open for investors now; however, he is still a major successful stock market player, and his bets usually pay off with huge margins.
 

George Soros had nothing to look back. He started his fund management company in 1970. He was the Chairman, and the management included his two sons, his long-time associate Jim Rogers, Stanley Druckenmiller, Keith Anderson, and Mark Schwartz.
 

He later renamed the company as Quantum Fund, and by 1981, the company's fund capacity rose to $400 million. But the company booked substantial loss, which stood about 22%, and it later culminated redemption of some investment. The physical adjustment reduced the funds of the company to $200 million.
 

索罗斯基金的开始

到1973年,Double Eagle基金已投资1200万美元。每年回报他20%的利润。他于1970年创立了自己的基金管理公司。后来他将公司更名为Quantum Fund。
 

Who crushed the Bank of England

He made a windfall fortune by speculating on the British pound and made $1 billion on September 16, 1992. He was smart enough to calculate the shortfall of the British government's monitory policies, when they tried to artificially inflate the value of pound in anticipation of the formation of the EU in 1993. Realizing the flaws, he short traded the currency, which means, he brought pound for a low value and sold it or higher value.
 

Personal life

BT 202001 INSPIRATION 07e had been taking risks in his personal life, too. He married thrice and divorced twice. First, in 1960, he married Annaliese Witschank, a German immigrant. She was well known to his family. They had three children Robert Daniale Soros, Andrea Soros Colombel, and Jonathan Tivader Soros. They divorced in 1983. The same year he married Susan Weber. This time he had two children, Alexander Soros and Gregory James Soros. They divorced in 2005. He married the third time in 2013 to Tamiko M. Bolton.
 

George Soros; profit maker from financial risks

BT 202001 INSPIRATION 02You must have understood by now that we have been talking about George Soros. He made the most of his fortune from the risks he took based on his in-depth knowledge and experience in the financial market. He is also a top philanthropist in the world and has been contributing through the Open Society Foundation. He started political donations in 2004 with a motto to shape American politics.
 

On a social front, he supports drug policy reforms all over the world. He also supports the movement of legalizing euthanasia, as his mother, too, was on the list. Under the umbrella of Open Society Foundations, he fights for the freedom of expression, accountability of government and stands for equality and justice.
 

As a person with hands-on experience on ethnic and political intolerance, his experience is the best example of how to survive the most horrible stages in life, with intelligent movement. The story of George Soros is an inspiring one as it teaches you that no situation keeps stagnant for an extended period. Instead of succumbing to the pressure of the situation, he put a brave effort to overcome the evil forces that had its cosmic dance with state support. In the end, he triumphed in flying colours as the wealthiest person in the world.
 

乔治•索罗斯;从金融风险中获利


您现在一定已经确定了我们一直在谈论乔治•索罗斯。他凭借对金融市场的深入了解和经验,从所承担的风险中获得最大的财富。他还是世界顶级慈善家,通过开放基金对社会做出贡献。乔治•索罗斯(George Soros)的故事令人鼓舞,因为它告诉您,任何情况都不会长时间停滞不前。他没有屈服于局势的压力,而是勇敢地努力克服。

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