Posted on 01/12/2017 6:58:44 AM PST by blam
Joel B. Pollak
January 12, 2017
The Wall Street Journal reports Thursday that billionaire left-wing financier George Soros lost nearly $1 billion as a result of Donald Trump’s surprise victory in the November 2016 presidential election. The Journal‘s Gregory Zuckerman and Juliet Chung report:
Billionaire hedge-fund manager George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump’s surprise presidential election.
But Stanley Druckenmiller, Mr. Soros’s former deputy who helped Mr. Soros score $1 billion of profits betting against the British pound in 1992, anticipated the market’s recent climb and racked up sizable gains, according to people close to the matter.
The divergent bets of the two traders are a stark reminder of the challenges even acclaimed investors have faced following Mr. Trump’s unexpected victory.
…
Mr. Soros was cautious about the market going into November and became more bearish immediately after Mr. Trump’s election, according to people close to the matter. The stance proved a mistake—the stock market has rallied on expectations that Mr. Trump’s policies will boost corporate earnings and the overall economy.
Thanks to Soros’s diversified portfolio, his funds still earned 5% on the year. However, Druckenmiller — who stopped working for Soros in 2000 — did much better, predicting that a Clinton win would cause the markets to rise and then fall, while a Trump win would do the opposite, the Journal notes.
Druckenmiller, who spent $3.5 million on donations to Republicans — a small amount compared to Soros’s $20 million in 2016 — “scored gains of more than 10% in 2016” through his own firm, the Journal reports.
(snip)
(Excerpt) Read more at breitbart.com ...
I hope he loses the rest of his billions. He is pure evil.
A good start.
Best news of the day! I hope he looses the rest!
Soros could easily get that $1B back and more. All he has to do is sell advance tickets to pi$$ on his grave after he’s dead.
For justice to be served, he should lose his head.
Too soon?
Can't think of anyone more deserving of this.
The article is unclear. Soros donated $20M to Republicans?
If so, which Republicans would they be?
Chump change, right Georgie boy?
ditto
Sorry Soros, don’t bet against the U.S.
No. Absolutely not. I look forward to the day when I read his obituary.
I NEVER get tired of winning!!!!
And this is a BIG win for all of us who support Serbia as well as the best of America!!!!
Soros has gotten rich over the decades for betting against prosperity. But this time, prosperity started to win and Satan’s spawn Soros lost BIG TIME!!!!
John McCain is one of them.
https://www.conservativereview.com/commentary/2016/02/trump-pals-around-with-george-soros
http://www.huffingtonpost.com/2008/04/10/mccain-camp-lashes-soros_n_96154.html
https://www.mccaininstitute.org/donors/
So much win from Trump!!!!!!!! Best election ever!!!!!!!
Now that’s WINNING!
Yet another benefit of Trump’s victory. The 2016 election is the gift that keeps on giving.
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