On September 16, 1992, George Soros cemented his place in financial history by “breaking the Bank of England,” an audacious currency trade that netted his Quantum Fund a staggering $1 billion profit. This legendary move was just one highlight in Soros’ illustrious career as a hedge fund manager, during which he consistently outperformed the market, achieving roughly
The Feedback Loop: George Soros' Reflexivity…
On September 16, 1992, George Soros cemented his place in financial history by “breaking the Bank of England,” an audacious currency trade that netted his Quantum Fund a staggering $1 billion profit. This legendary move was just one highlight in Soros’ illustrious career as a hedge fund manager, during which he consistently outperformed the market, achieving roughly