PING!
Posted on 01/12/2017 9:05:11 AM PST by tired&retired
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. Many experts had predicted a tumble for stocks in the wake of the election, but instead the Dow Jones Industrial Average has climbed 9.3%.
Last year, Mr. Soros returned to trading at Soros Fund Management LLC, which manages about $30 billion for Mr. Soros and his family. Mr. Soros was lured back by the opportunities to profit from what he saw as coming economic troubles.
(Excerpt) Read more at wsj.com ...
More winning.
George Soros is in my dead pool for 2017.
I dont care if you’re worth 30 billion. Losing a billion hurts.
If you’re worth 3 million, losing approximately 100 thousand in a month would hurt!
Couldn’t have happened to a nicer guy...../s
I wonder if there was a hissing sound as his ego was deflated a bit.
That’s what happens when you do everything you can to fix the horse race and then find out that you bet on an old nag.
Soros probably shorted the market as soon as he heard that Trump won the election. It could not have happened to a more deserving person.
Bu bye SOROS
Ha! ha! Soros...you POS!!!
I think this is what police refer to as motive.
Soros has been acting ‘out of character’ lately. Normally he has others do his dirty work, say the things he wants said. Lately he, himself, has been speaking out. I don’t know that losing $1B could cause that so much change, so much as all the $$$ he put into President Hillary Clinton turning to you-know-what.
lol
I’m not sure but I think he sunk a few bucks into Ukraine expecting the West to send tons of money and troops to Ukraine after the coup and Crimea incident.
Wrong again.
I would hazard a guess he has a stockpile of military industrial company stocks.
Soooo, he still has 29 *billion* left. I think he’ll be okay...until he show up in a Russian prison this year.
Hoping this shriveled up old hag croaks and takes all his money with him to hell.
“Soooo, he still has 29 *billion* left. I think he’ll be okay...until he show up in a Russian prison this year.”
He was up 5% for the year.
GOOD !
Thanks..
This article had not been posted. Just a Breitbart, Zero Hedge and American Thinker articles referencing this actual article.
Ya-hah-hah. Now if he could only lose his life, it would be a win-win.
Glad to hear this.
PING!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.