In a desperate attempt to prop up the pound, the government raised interest rates twice in one day to 15%. Despite these actions, the pound collapsed again after a frantic day of trading. This day was the famous Black Wednesday of 1992, which saw the Bank of England lose $3.5 billion and a crushing defeat to the famous investor George Soros, who made $1 billion overnight.

With Hitler's rise, his devastating campaign against Jews in Western Europe began, then he targeted Hungary, which had the largest Jewish population in Eastern Europe. The Nazis began distributing deportation notices to local Jews, and the young Soros was among those asked to deliver these notices to his community. These harsh experiences were important lessons in survival and risk circumvention.

Building the Financial Empire

Soros was influenced by his childhood experiences and learned how to survive and succeed in a challenging environment. He used these lessons to build his financial empire, achieving tremendous successes that made him one of the most powerful figures in the financial world. His trading and financial analysis skills are key factors in his ability to seize opportunities and make huge gains. 

The Global Influence of George Soros 

Soros' success was not limited to Europe, but extended to financial markets around the world. In Thailand, Malaysia, Indonesia, Japan and Russia, he played a major role in financial meltdowns, demonstrating his power and influence in the financial world. 

George Soros: A Journey from Survival to Financial Genius 

World War II and the beginning of survival In the worst moments of World War II, George Soros' father decided to survive by any means possible, believing that there were times when normal rules did not apply. He sold his real estate property and began hiding his family in various locations around the country using false identities and bribing the authorities. When the Nazis withdrew from Hungary, all Jewish children of Soros' age were traumatized, and some even carried guns to classrooms. George Soros was not; he found the experience of war in 1944 extraordinarily motivating. It is now clear that Soros has a different personality than most people, he thrives by taking big risks, a common trait among large traders. 

Effects of the Russian War and Postwar Trauma 

After the defeat of the Nazis, came the Russian occupation that would leave an indelible mark on the Soros family. In a traumatic incident, his family was subjected to sexual violence by Russian soldiers. This experience deeply influenced the young George, leading him to begin to question the nature of reality. Started showing symptoms Post-traumatic stress disorder (PTSD), including emotional numbness and fear of close relationships. 

Moving to the West and a New Beginning 

After his seventeenth birthday, George Soros left his family and embarked on a journey to the West. He arrived in London without money, and had to work as a waiter and eat leftovers from the restaurant's customers to save money. But he found a glimmer of hope when he was accepted into the London School of Economics. There he studied under the direction of the famous philosopher Karl Popper, whose ideas greatly influenced Soros. Popper taught him that full knowledge is not possible, and that we all act on an incomplete understanding of reality. 

Challenges of the economy and early career 

Despite his passion for philosophy, Soros could not afford graduate studies, so he had to work in various jobs to pay for his studies. After graduation, he wrote to every London banking manager looking for a job, and was able to 

From getting a job as a trainee at a commercial bank, where he specialized in gold arbitrage, but failed in this field and resigned two years later. 

Moving to America and the beginning of financial success 

In 1956, Soros moved to New York to act as a commercial auditor for several financial firms. His simple goal was to earn a hundred thousand dollars in five years. But he quickly realized that investing in the global financial system required a holistic view. He was one of the first to look at financial markets as an interconnected system. 

Development of reflexivity theory 

Soros found that the financial world resembles a chaotic system, where participants' expectations overlap with reality. This gap between reality and people's expectations represents opportunities for trading. Soros' theory of reflexivity represents a similar thinking to chaos theory, in which irrational human behavior affects financial markets. 

Establishment of the Quantum Fund 

By 1969, Soros had saved $250,000 as a commercial pioneer, but needed more money to test his theory. He succeeded in attracting investments worth six million dollars from wealthy European investors. He invested in new real estate investment funds (REITs), making huge profits when they collapsed three years later. 

Cooperation with Jim Rogers and expansion of investment 

In 1973, Soros collaborated with Jim Rogers, with whom he shared a global vision of financial markets. They invested in bank stocks, making a 50% profit in less than a year. Soros has continued to have great successes in international investments, making him one of the biggest names on Wall Street.

George Soros: From Financial Genius to Investment Empire 

Challenges, crises and learning lessons At the height of inflation during the eighties, Federal Reserve Chairman Paul Volcker decided that inflation should fall, even if at the cost of creating unemployment. Soros saw this period as an investment opportunity, as contemporary art prices made significant increases during periods of high inflation. This type of investment was very special for wealthy people like Soros. 

The US Federal Reserve Challenge and Financial Collapses