Category: Money tips Release Date: 2007-08-04
Revelation 1: chaos in the overall situation
Book reviewers Maderuike once said: "Leaving aside China Rumba Buffet and George Soros's personal gift, they live in a time, for money can be especially beneficial in the financial markets." That is a favorable result to make money because the late 1970 in the early 1980s do not expect the results of inflation, as well as funds to international markets over the past 20 years, drama, confusion caused by the expansion.
Soros is an important capability is a confusion in the eyes of mortals, he was able to identify the type of confusion. A long-term follow-up hedge fund performance Lipper, said the leaders of Wall Street firms: a global perspective, he observed the general trend, he has a keen grasp of how markets operate, so he clearly can be used where operating leverage, whether intellectual or -financial leverage.
Soros said: financial markets are inherently unstable, especially in international financial markets, international capital flows, there is a wing there are dry, there are also short long. Where is chaotic market where you can make money. Identification of chaos, you might get rich; the more chaotic the situation, the more bold but cautious investors have time performance.
Vietnam was a case change would be higher up shells. The deeper fall, the market the more likely the more chaotic the big move. In many cases often are: the market chaos, investors along with the chaos. Therefore, we can often see the panic sell-off, investors chasing higher courageously news headlines. Chaos in the cooling-off investors for an objective, formal heaven-sent opportunity, because it may be a big opportunity to pick up bargains, but also when the redistribution of wealth.
Revelation 2: See a bad flash, indemnities played Soros investment strategy in order to survive is the most important principle, then the sharp-eyed, see the bad on the flash is the most important way to survive.
Politics: In 1987, Soros Foundation, set up branches in mainland China and in the name of reform and opening up to support democracy activists in China; but in 1989 when the Chinese Communists on the mainland branch has been monitoring, Soros see the situation is bad, then the end of Branch has yet to resume in the mainland.
In 1974, Soros established in the Japanese stock market, a high equity ratio, one-day afternoon, the Tokyo salesperson to call someone to tell him a secret, told him that the contents of the Japanese right into the Watergate scandal, President Nixon cases of poor response , who was playing tennis without any hesitation Soros can be seen immediately decided to sell the fund manipulator agile is that many people must have skill.
Most investors flooded a reluctant mood, rising reluctant to sell, down can not bear to sell, looking sad, kill the soft sell is often the lowest band.
Revelation 3: Yesterday's history, tomorrow's trends
Soros predicted the success of the 1987 crash, secret? Reflecting on the past.
The outbreak of the economic crisis is often the cumulative long-term instability in the place of brewing. Historical experience can often predict the future, because history will repeat itself, so as to history as a mirror may well be an important direction predicted.
1929 and 1987, the collapse of similarities:
1929 - 1987
Short-term money market interest rates go Yang
Kinetic energy of the stock market less than a large number of U.S. dollars of funds into the country the Central Bank
U.S. Federal Council did not result in liquidity into the monetary equivalent of less than
36% fall in 1929 with similar
The daily price fluctuations and in 1929 similar to
At the beginning of the stock market crash, President Hoover issued a statement on the stock market crash took place at the beginning of President Reagan issued a statement similar to the content and Hoover
Revelation 4: If someone else in, I see the fiscal last fiscal - reading ability
Some prosaic words, in the Soros sounds may be important to buy or sell signal. This revelation shows Soros an important capability, to read.
Participation of key national leaders and even government leaders, business people of the important speech, have implied a very important meaning in which the difference is that the listener can understand a bit, but also the implementation of a bit.
1992 History of the German central bank of a Xi Lai Xin Ge speech that: If investors think that the euro was a basket of currencies, then it's out of the way wrong. "In the past the president for economic issues, repeatedly raising the interest rate mark, making marks into a strong currency, but in order to maintain exchange rate stability, the history of Germany and Italy had to follow-up, but the United Kingdom and Italy's economic situation is not ideal, and therefore struggling the exchange rate under the German angry. Soros made the remarks after listening to the history of Lessing Court that do not have the article in which he may insinuate the meaning of words in the weak Italian lira. Soros later conversation with the history of Lessing Court, and asked its not like the euro as a currency. Stejneger's answer, he liked the idea of the euro, the euro is not like this name, so if it marks, he would be more receptive. Read out the implication of the Soros immediately shorting Italian lire, big earning 300 million, and borrowed a large sum of pounds, marks a switch, make billions of dollars big.
Revelation 5: Be careful, winning lottery numbers on your side
Be careful to understand the judge, listening to understand the meaning of the event, winning lottery numbers appeared in the newspapers, news, television, radio, and even word of mouth on the grapevine.
In 1972, Soros heard one night the National City Bank Securities analyst dinner entertainment news, this is a thing never happened, though Soros is not invited to the ranks of the list, but he was keen to think that one there must be something unusual to happen, he immediately advocated buying stocks of banks operating better physique, and his association is likely to release banking bullish. Sure enough, Soros bought the stock profits into five.
Revelation 6: immortal hit stocks are sometimes wrong, wrong for the investment necessary
Soros in 1987, after a careful examination of the global economic trend, his conclusion is: the collapse will be in Japan. At that time the collapse of the Japanese bond market, Soros judged the collapse of the bond market effects will be extended to the stock market, because the phenomenon of the stock market overvalued stock price much higher than the bond market, the irrational, which is why he thinks Japan's stock markets will lead down, but did not expect influx of speculative funds but Japan's stock market, Japan's stock market has reached a record high.
Buffett, known as the Unit of God are often wrong, Peterlin areas also admitted that they have a lot of mistakes, but he said just need to select a few pieces in a decade Biao shares, if the hands of the 10 stocks with three big wins , we can make up for one or two losses and another 67 shares of the mediocre.
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Revelation 7: the courage to admit its mistakes in the spirit of self-examination
Soros believed that the greatest ability to make him apart is that we can quickly detect the fault. Can do very quickly detect the fault, it will certainly have a more keen mind and superior courage.
In Soros's theory, because of his view on the matter of human cognition is incomplete, defective, so the human mind inherently prone to error. Soros able to understand the facts and the perception gap.
No mistakes does not mean that investment success. Awaiting a balanced view is often successful, is to do the wrong thing too many, if you are wrong, or you assume that with the facts, it must give serious, seriously study what went wrong in the end, in other words, the more successful, take more time to study the error.
Revelation 8: The biggest talent - simplifying
Simplifying the personality traits associated with the item - patience to and summary capabilities.
Patience to - like the financial markets and to analyze if it is really up, would definitely never-ending economic trends, political influence, Stock fundamentals, historical charts and industrial prospects of analysis, the final is very simple, just buy or not buy, sell, or The final decision not to sell only. Soros, the number of copies each day to read 10 reasons for various professional publications on here.
Induction - mountains of information, may have been mixed from time to time information and messages, traps, both complex and dangerous. So, first gather information, and then by category, and then a careful look at the final sum up the information to their advantage, the most important thing is not because demand fast and missed a lot of useful information, especially in complex financial markets, missed the step, may be a round loser.
Soros will lead the 40 countries will soon reach a base for charitable organizations, you can also branched out into real estate, agriculture, animal husbandry, Internet companies, life insurance companies, financial products, supermarkets and other various fields, he was all for himself and does not is only allowed staff personnel. And he spend one third of the time every day thinking that he is not Superman, he just make things simple to integrate into his investment career and daily life.
