gorge soros,final

7/31/2019 Gorge Soros,Final

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Peter Lynch

Never invest in any idea you can't illustrate with a

crayon


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Peter Lynch Successful Wall Street investor Famous funds manager

One of the best stock-pickers in theworld Was President of the international

investment management firm--Fidelity.

Presently serving as Vice-Chairman of Fidelity Management & Research Co.

and the investment advisor to FidelityInvestments.


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Biography Born: Jan 19, 1944(USA)

Education: Graduation: Boston College (1965)

MBA: Wharton School of University of Pennsylvania (1968)

Lynch was hired as an intern with Fidelity Investmentsin 1966.

In 1974 Peter was promoted to director of research andtook on the Fidelity Magellan Fund in 1977.

Assets Under Management of Fidelity Magellan Fundwas $22million when Peter took on the fund.

Spouse: Carolyn Lynch

Ownin stocks is like havin children - don't et


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Achievements The Fidelity Magellan fund averaged an amazing 29.2%

return a year, and only underperformed the S&P 500 indextwice.

Managed Fidelity Magellan Funds for 13years which was atop-ranked general equity fund in US.

By the time lynch resigned as a fund manager in 1990 thefund had grown to $14billion from $22million in assets.

Mr. lynch was inducted into the Junior Achievement U.S.Business Hall of Fame in 1991.

Books One Up on Wall Street along with John RothChild in 1989

Beating the Street in 1994

Learn to Earn in 1997


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Peter Lynch: As aPhilanthropist

Peter Lynch and his family give money primarily in fiveways: as individuals, through the Lynch Foundation, througha Fidelity Charitable Gift Fund, and through two charitabletrusts.

The Lynches have made gifts as individuals, donating $10Million to Peter Lynch's Alma Mater, Boston College, namingthe School of Education after the family.

The Lynch Foundation, which had $74 million in assets in2003, supports education, religious organizations, culturaland historic organizations, and hospitals and medicalresearch.

Stock picking can't be reduced to a simpleformula or a recipe that guarantees success if

strictly adhered to.


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4. Take your time to identify top notchcompanies and stocks: Spend enough time doingthe research.

5. Dont take unnecessary risks withinvestments that may not pan out (even if theyhave higher returns):

Dont speculate or gamble.

6. Know a companys fundamentals and go forthose with excellent management and solidfinancials.

Understand its business like you are the owner

7. Be open to committing mistakes and

Tips Given by Lynch:Strategies For PickingStocks


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Contd..


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TenbaggerLynch coined the term tenbagger to describe astock that goes up in value ten-fold, or 1000%.Finding a tenbagger is not selling the stock when ithas gone up 40% or even 100%. He said to invest for

long run.

A person infatuated with measurement, whohas his head stuck in the sand of the balancesheets, is not likely to succeed.


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The Man Who Broke the Bank of England


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Most Famous For:

George Soros gained internationalnotoriety when, in September of 1992.

He risked $10 billion on a singlecurrency speculation when he shortedthe British pound.

He turned out to be right, and in a

single day the trade generated a profitof $1 billion ultimately, it wasreported that his profit on thetransaction almost reached $2 billion.

As a result, he is famously known as


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Continued

Soros is also famous for running theQuantum Fund, which generated anaverage annual return of more than

30% while he was at the helm(Positionof leadership). Along with the famous pound trade,

Soros was also cited by some as the"trigger" behind the Asian financialcrisis in 1997, as he had a large betagainst the Thai baht.

He is also widely known for his political


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About George Soros

Born on 12th august 1930 at Budapest, Hungary. Soros took a job with the Jewish Council In 1945 Soros survived the Battle of Budapest He received a Bachelor of Sciences in 1952 from

London School of Economics. Soros worked as a railway porter and as a waiter

while he is student.


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CAREER He became US citizen in 1957. He worked as entry-level position in Singer &

Friedlande, an Investment banker. working as an arbitrage trader for F. M. Mayer

(195659) and as an analyst for Wertheim & Co.(195963).

In 1967, First Eagle Funds created an opportunityfor Soros to run an offshore investment fund aswell as the Double Eagle hedge fund in 1969


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Soros developed the theory of reflexivity based onthe ideas of Karl Popper.

Reflexivity posited that the valuation of any

market produces a pro-cyclical "virtuous or vicious" circle that further affects the market.

In 1970, Soros founded Soros Fund Managementand became its chairman, with the firm's day-to-day operations being managed by Soros' two elder sons and the firm's chief investment officer, KeithAnderson


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Books

Financial Turmoil in Europe and the United States:Essays (Public Affairs,2012).

The Soros Lectures at the Central EuropeanUniversity (Public Affairs, 2010)

The New Paradigm for Financial Markets: TheCredit Crisis of 2008 and What it Means (PublicAffairs, 2008).

The Age of Fallibility: Consequences of the War onTerror (Public Affairs, 2006)


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The Man Who Broke the Bank of EnglandCurrency speculation

On Sep 16, 1992, Black Wednesday, Soros' fund sold short more than$10 bn in pounds, profiting from the UK govt's reluctance to either raise its interest rates to levels comparable to those of other EuropeanExchange Rate Mechanism countries or to float its currency.

The UK withdrew from the ERM, devaluing the pound, earning Sorosan estimated $1.1 bn. He was dubbed "the man who broke the Bank of England". In 1997, the UK Treasury estimated the cost of Black Wednesday at 3.4 bn.


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Quantum Fund A famous hedge fund manager who is widely considered to be

one of the world's greatest investors. Soros managed theQuantum Fund, a fund that achieved an average annual return of 35% from 1970-2000

This uses advanced investment strategies such asleveraged, long, short and derivative positions in both domesticand international markets with the goal of generating highreturns.


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Wealth

As of Mar 12, 2012 Forbes listed Soros, at 81, asthe 22nd richest person in the world, the world'srichest hedge-fund manager, and number 7 on itslist of the 400 wealthiest Americans, with a networth estimated at $20 bn.

Soros has given away $8 billion to various causessince 1979.

In August 2010, Soros bought a 4% stake in theBombay Stock Exchange for about $35 million


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Quote Stock market bubbles don't grow out of thin air.

They have a solid basis in reality, but reality asdistorted by a misconception.

gorge soros,final

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