philosophy
Based on David Hume’s point of view, Summarises the 1) Reasons favour and against the claim by George Soros’ focus on wrong doubt and 2) Reasons favour and against the claim by Soros’ Back Pain
Stocks Futures and Options
Issue: July, 2003
George Soros: How He Knows What He Knows: Part l: The Belief in Fallibility (First in
a Four-Part Exclusive Series)
by: Flavia Cymbalista, Ph.D., with Desrnond MacRae
To many who worship at the alter of the icons of Wall Street, billionaire George Soros,
now a philanthropist of note, is considered the 20th century’s greatest trader. His lifetime
record as a speculator, who made massive wagers on market direction at numerous
opportune times, is unparalleled – even if he inevitably did make some expensive
mistakes along the way. Anyone who had invested $1,000 in his Quantum Fund when it
jumped out of the box in 1969 would have realized a cumulative 30-plus-percent annual
return – or about $4 million – by the turn of the new century. How did he achieve his
incredible performance? He hirnself attributes his success to a combination of theory and
instinct.