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Davos

George Soros: I made money from the Crisis

By thomascrampton ⋅ January 29, 2009 ⋅ Post a comment

George Soros, speaking at the World Economic Forum in Davos, says that he made a “pretty good return” from the market turmoil which he foresaw.

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Comments for “George Soros: I made money from the Crisis”

  • I heard that the crisis is the best time to became a millionaire.
  • Hehehe, there is always someone who wins when someones lose, its called balance.
  • Personally I don't think Soros is to blame. He is honest in the sense that he is just out to make money. It's the bankers who took excessive risks, made big bonuses and got bailed out with public cash.

    As Nicholas Nassim Taleb has said - repeatedly - this is the worst of capitalism and socialism combined. The bankers privatised the gains and nationalised the losses.

    At least Soros was gambling with his own (and his *pro* investors) cash.
  • d***head.
  • Well this is better than all of those who said they foresaw the crisis but lost money anyway.
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Thomas Crampton was a correspondent for the International Herald Tribune and The New York Times for more than a decade, reporting from five continents, writing a column on Asia and covering Asian politics, economics and culture. Currently based in Hong Kong, he writes here about China, the Internet and New Media seen from Asia, while also advising companies on digital communication strategies. For more information click here...