How to invest like ... George Soros

[Behappyalways]

How to invest like ... George Soros
http://www.telegraph.co.uk/finance/perso...Soros.html


http://investideas.net/forum/viewtopic.p...&start=120

[Clement]

Soros is my investing idol and I greatly admire his ideas and eye for opportunity.

With that said, even after reading all of his books, I found trying to trade like Soros is akin to trying to play basketball like Michael Jordan. Some of these people are just freaks of nature.

[safetyfirst]

Soros is my investing idol and I greatly admire his ideas and eye for opportunity.

With that said, even after reading all of his books, I found trying to trade like Soros is akin to trying to play basketball like Michael Jordan. Some of these people are just freaks of nature.

my impression of soros isnt that good, i just think he got it lucky when he leveraged up and broke the bank of england, he got very famous after that

On the other hand, you have long term capital management that leveraged up at the wrong time and had to be bailed out.

I believe for every 1 lucky soros, you have 10 sad cases of LCTM

[brattzz]

"said the simplest example was a property boom. Here, the trend is the availability of cheap credit; the misconception is that property is worth more for other reasons and not just because more people are able to buy." very true!!

"Mr Soros's guiding principle is to make profits quickly and move on to the next opportunity"

Difficult to invest like Soros, different mindset and temperment, very risk taking!

I still stick to "Do not lose money"...but might not make money too! back to square one!

[Clement]

Soros is my investing idol and I greatly admire his ideas and eye for opportunity.

With that said, even after reading all of his books, I found trying to trade like Soros is akin to trying to play basketball like Michael Jordan. Some of these people are just freaks of nature.

my impression of soros isnt that good, i just think he got it lucky when he leveraged up and broke the bank of england, he got very famous after that

On the other hand, you have long term capital management that leveraged up at the wrong time and had to be bailed out.

I believe for every 1 lucky soros, you have 10 sad cases of LCTM

Well, by that time, Soros was already semi retired. Stanley Druckenmiller was running quantum at the time. Soros best ideas and trades were from the 70s and 80s.

Anyways, with regards to the pound trade, there was no luck involved. If you examine the way they (it was primarily Druckenmiller) sized and timed the trade, they were pretty conservative.

LTCM and Soros were pursuing completely different types of strategies. Soros was a macro trader looking for high upside, low downside trades. The difficulty was in finding enough opportunities of significant size. LTCM was more of a options writing and arbitrage unit, with small frequent repeatable gains but large potential losses.

[specuvestor]

^^ agree

And each of us have to find the style that suits us. My pragmatic observation is that both traders and value investors can make money if you adjust according to the style based on your psychological constitutions. I don't beleive in the academic argument of one style vs the other.

The killer is when u are a fundy guy and try to act like a trader, or vice versa

[Clement]

^^ agree

And each of us have to find the style that suits us. My pragmatic observation is that both traders and value investors can make money if you adjust according to the style based on your psychological constitutions. I don't beleive in the academic argument of one style vs the other.

The killer is when u are a fundy guy and try to act like a trader, or vice versa

Fully agree.

As i've said above, i am a huge fan of his investment philosophy. At certain times, (e.g. USD/JPY in april 2013 and Blumont/Asiasons/Liongold in october 2013) his theory has helped me make money, but i have not been able to put it into practice on a consistent basis.

In applying his theory of reflexivity to value investing, i find that it has many similarities with your postings on understanding catalysts. His theory just takes it further and applies it into markets in which intrinsic value is difficult to ascertain.