George Soros: ‘I’m having a good crisis…’
Hedge Fund Manager and big-time Secular Progressive
"What good is it for a man to gain the whole world, or yet lose or forfeit his very self?" Luke 9:25
George Soros, Hedge Fund Manager and big-time Secular Progressive, says he is making the most of this financial crisis according to the UK's "Daily Mail."
Just like Barack Hussein Obama and his Merry Band of Thieves, Soros is not letting it go to waste. Dick Morris may well be onto it: These folks are in cahoots!
Many may not know what a Hedge Fund is and what a Hedge Fund Manager does. A definition is instructional.
"Hedge Fund:" Any unregistered investment fund, often characterized by unconventional strategies (i.e., strategies other than investing long only in bonds, equities or money markets). All hedge funds are supposed to be hedged from risk; hence the name.
A unregistered fund has no outside oversight. Minimum initial investments for Hedge Funds can be a million [or more] dollars. The Mangers of these funds, like George Soros, make money from fees assessed to cover their expenses and performance fees for employee bonuses. Soros, a cunning money manager, likely makes money even if the net asset value of his Hedge Fund declines. Soros made $1.1 Billion in 2008 when your investments were sucking wind. Draw your own conclusion.
How does this happen?
- By selling short: Selling short is borrowing a stock from a broker for a period of time at a certain value; and selling that stock [that you do not own] in hopes it will fall in price. When it does, you can buy it back cheaper, and then record the difference as profit. If it goes up instead, you lose; you're likewise on the hook to pay the Broker the difference.
- By creating/buying/selling derivative investments: An investment whose value derives from other securities, and even other derivatives.
- By leveraging: Borrowing money for investment that can exert potentially positive or negative effects and outcomes are enhanced for better or for worse.
Read next: Going 'Coup-Coup': Is Festering International Sore, George Soros – at Root of Crisis?
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William R. Mann——Bio and Archives
William R. Mann, is a retired Lt. Colonel, US Army. He is a now a political observer, analyst, activist and writer for Conservative causes. He was educated at West Point [Bachelor of Science, 1971 ]and the Naval Postgraduate School [Masters, National Security Affairs, 1982].
