Research Paper On George Soros

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The Phenomenon of George Soros
George Soros is the world’s most famous hedge fund manager and financier in the world.George Soros was born in Budapest, Hungary in 1930.His mother Erzsébet came from family that owned only a thriving silk shop,his father Tivadar was a lawyer. In 1947 he came to England, where he graduated from the London School of Economics. In 1956, George Soros moved to the United States, where he began to achieve his dream and use his fortune through an international investment fund and economic knowledge.George Soros is an American financier, philanthropist, activist and one of the worlds most successful investor, he is supporter of open society theory; an opponent of “market fundamentalism” also played an important role …show more content…
Conceptual and main ideas of Soros concerning the theory of reflexivity were understanding what reflexivity is, and how it affects markets is one of the most important fundamental truths.The idea is centered around there being two realities; objective realities and subjective realities. Objective realities are true despite of what participants actually think about them. Subjective realities, on the other hand, are affected by what participants think about them.Theory of reflexivity speech George Soros On The 2008 Crisis And Reflexivity “[I] must state at the outset that [I am] in fundamental disagreement with the prevailing wisdom. The generally accepted theory is that financial markets tend towards equilibrium, and on the whole, discount the future correctly. [I]operate using a different theory, according to which financial markets cannot possibly discount the future correctly because they do not merely discount the future; they help to shape it”(Soros). Soros's writings focus on the concept of reflexivity, where the base of individuals are mechanism in the market transactions, direct changing the fundamentals of the economy. George Soros’s main statement is when markets are rising or falling rapidly, they are typically marked by disequilibrium, this confirms that the theory of the conventional economic system in this case cannot …show more content…
According to the Center for Responsive Politics, in 2003, Soros donated $23,581,000 to different Groups .When the Soviet Union fall , Soros's funding still has play an important role in the former Soviet sphere. He has pro-democratic programs which was considered by Russian and Western observers. In June 2009, Soros donated $100 million to Central Europe and Eastern Europe to help survive during the impact of the economic crisis, especially he helped to voluntary groups and non-government organisations. In October 2011, Soros drafted an open letter entitled "As concerned Europeans we urge Eurozone leaders to unite,"(Soros) in which he calls for a stronger economic government for Europe using federal and warns against the danger of nationalistic solutions to the economic
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