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 ...
A loss to Soros is a win for Conservative Americans who do not like seeing our country trashed by the importation of third world low life’s.
Probably McCain, Ryan, Kasich, Graham, Boner. Probably some in there for Jeb Bush. With the way Glen Beck went off the edge I wouldn’t be surprised there was some money in it for him.
More Winning!!!
No. Total contributions to Republicans equals ZERO!
Soros gave zero to republicans.
Oh, that’s a shame.
Nothing. Chump change. He still has $30 billion left.
“Soros gave zero to republicans.”
He doesn’t give to Republicans directly, but his surrogate organizations DO give to republicans when it suits his needs.
He was up 5% for the year.
May it only be the first drop in the bucket...
Oh stock market. I thought/hoped maybe via the Clinton foundation.
Probably bush, grahmnesty and mccrazy.
I read somewhere that Soros may be deported back to wherever he came from, or whomever will take him, once Trump is in office. Long overdue!!!
God has a sense of humor.....(he also remembers & will damn forever those Jews who worked with the Nazi’s to oppress other Jews)
Karma.
too bad it was only one billion.
add in the hundreds of millions he pissed away on trying to get hillary and other socialists elected here.
Yes and then has to get a job at Walmart as a greeter only to be replaced with a robot.
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