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Data:2009-12-12 2:34
With the garbage to find gold eye
Soros on the popular things of particular interest, such as arbitrage, or an unpopular and boring work, he has a very thorough study arbitrage, arbitrage theory, and operations became a master.
In 1960, he found a German insurance company - a joint, if compared to the value of his assets, the stock is too low, and he began to recommend the joint stock, the results of this stock rose threefold.
Must be discerning and have the potential to find low-priced stocks.
Do you have your own stage
Must have the stage to speak only room will be taken seriously, you can also seek greater political opportunities.
For example, in the late 1980s, Soros had attempted to persuade the then U.S. president and British Prime Minister to support a European recovery plan, but this proposal, far from being taken seriously, but also subjected to ridicule people, he understood that public figures must be in order to be taken seriously. Then promoted the shorting pound battle, so that the Bank of England bankruptcy, from fame, has created a stage for themselves. After the South Korean president also invited to visit South Korea in order to assess the informal consultants at the feasibility of making substantial investments from South Korea.
Listen to you at the mercy of their better according to my rules
Soros said: "I pay special attention to change the rules of the game, not only in the rules of the game where spin, but rather to understand the new rules of the game when it appeared, and before notice to everyone." He also tried to change the rules of the game in the financial market and political market alike.
For example, he do not make political donations or financial support for traditional practices, to increase the political influence as a major way, but the direct use of his wealth to support and its initiatives relating to the agenda of the debate, I hope the public can identify with education, he view, or donate money to cover a wide range of civil society organizations and programs, these organizations help to change the country's political culture.
Mysterious sixth sense
Soros am sure that his own animal instincts. Whenever something has changed, he will feel pain, when he directly managed fund, it has often back pain, the pain just a start, he knew the portfolio there is a problem even more interesting is that if pain is to buy a place close to the waist beyond the of the problems, if left shoulder pain is the monetary trouble.
Will focus on: Having said that, still can not be ignored the cultivation of professional competence, but before placing a bet, can not help but hesitate to psychological, and occasionally find intuitive to convince that he was just determined to help investors only. Intuition is to help decide, and to help overweight firm in their confidence. Must not be reversing cause and effect.
Survived, all talk about
Soros in the "financial alchemy" in introductory remark, said: If I had my practical skills to be a overall rating, I would choose one word: survival.
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For example: in 1987, when the stock market collapse, he concluded that from the beginning of Japan, and then is the U.S. stock market, but he had actually shorting the Japanese market higher, so that he has been hit hard, he did not caught up their own judgments, immediately indemnities appearance His principles are: first, to survive, and then seek to get rich. Therefore, although this investment failure, but the whole of the fund performance is still 14% of the surplus, but also for him to stay a bargaining chip in future wars, but also have in the future "let the Bank of England bankrupt" in titles.
That is committed to the portfolio risk diversification
Do not put all eggs in one basket.
Quantum Foundation, the net value of capital investment in the stock market, but will finance part of the investment in a stock index futures, bonds, foreign exchange and other financial goods. The reason is the stock in terms of financial products for the mobile phase-small, so that part of the net capital investment in stocks on margin calls when the event will be more able to avoid disaster-style collapse.
Highest level, there is no stroke of-sheng Zhao
Soros said that his specialty is that there is no specific investment style, or more accurately point, he often changed his style to suit the environment.
Since the founding of Quantum Fund, and sometimes do more, sometimes venting, sometimes playing the stock market, and sometimes to buy bonds, futures, not less than, derivative financial products, he was the originator of the use of one of the major financial markets around the world probably could not find his absence record.
In the early 1970s, Soros began to invest in quite immature in Japan, Canada, the Netherlands, and later invest in oil companies, banks, defense firms, agricultural company's stock gained rich rewards. 1973,1974-year stock market is tanking, the Soros way to make money by shorting.
Financing, financing of care
Soros, a major victory for the most part engaged in financing, but Soros is not a crazy blind use of the financing operation, he is well aware of the risks of financing.
Soros on the concept of financing has several basic points:
1. The net value of the fund must be used to support the use of financing, the financing part of the borrowing shall not exceed shall not exceed the net value of the fund to avoid borrowing more than the negative status of the assets created.
2. For a pure commodity funds, the use of multiple financing is very modest, too dangerous do not touch, in Soros's understanding, the commodity risk of the fund compared with other large, so there is not much in the grasp of Soros, will not be dare to easily manipulate the high leverage.
3. Investment portfolio itself has a financial effect, Soros that the futures, bonds, stocks into a number of different financing margin, so that different portfolios, there are different situations and the proportion of the financing into several, so make good use of all kinds of commodities and tools, you can change in financing costs.
4. Must be in the right market, in order to profit through the financing, Soros believed that his views correctly only generous input. (End)
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