So we all would have come across the name George Soros at some point of time be it in magazines, in the newspaper or on television. Here's an overview of how he broke the bank of England one fine day. A brilliant bed time read for want to be billionaires.
Precursor be born in a country like Hungary and then migrate
to Great Britain after the second world war.
Step 1 : Go to a bad ass college to the tune of the London
School of Economics and then hang out with the coolest set of people out there.
The person in reference is Karl Popper.
Step 2 : Travel here and there go have a few misses at Wall
Street and get the tag of a cheap financier.
Step 3 : Set up a
fancy named hedge fund something like “Quantum” and then hire minions and a lot
of them to do a lot of technical analysis for you.
Step 4 : By the year 1980 make around 17 million pounds and
ensure that the fund is valued at thrice that number.
Step 5 : Watch, Analyse and Get information out of every son
of a gun who is willing to speak.
Step 6 : Make an informed decision study the fundamentals,
technical’s or just get it out of people with power.
Step 7 : Borrow the sterling to the tune of 6.5 Billion
pounds randomly. From friends, neighbours, fellow investment bankers. Anyone
who cares to hand it over.
Step 8 : Convert it into a safer currency one such as the
Deutsche Mark or the French Frank.
Step 9 : Wait
Step 10 : Watch from the luxury of a 5 star hotel as things
fall in place and widen your smile like the Grinch.
Step 11 : At the same time put money in equities as you know
anything you do right now is going to work out.
Step 12 : Watch Again
Step 13 : Holy crap! That’s two in a row.
Step 14 : Imagine yourself as Scrooge Mc Duck and swim in a
pool of money.
Step 15 : Be an ass, realize you are mortal and hand over a
part of it to charity.
