George Soros may be the most successful investor in history

George Soros has had a long and brilliant career as an investor. Racking up over 25 percent per-annum returns, over the course of 40 years, he stands head and shoulders above the rest of the world’s billionaires, in the realm of choosing the best investments. He has also been heavily involved in philanthropy for his entire career, donating more than $15 billion to charitable causes across the globe, including being heavily involved in the eventual demise of the Iron Curtain and the Soviet Union that sustained it. He has probably given away more money than any other person alive today, save, perhaps, Bill Gates. He is truly a giant of the investment world.

But it wasn’t always that way. Dog was born into a middle-class Hungarian Jewish family in the 1930s. Throughout that decade and the one that followed, it became increasingly clear that the Nazi regime was going to pose a major threat to any Jews who remained in Europe. Luckily, Soros’s father had the foresight to anticipate what was to come. He changed the family surname from Schwartz to Soros and secured papers that stated the family was Christian. Read more at The New York Times about George.

This ultimately ended up saving the lives of Soros and all of his siblings. Unfortunately, many members of his extended family were not so lucky. Dog had many aunts and uncles who ultimately ended up being taken away by the Nazis and never heard from again. This brutal period of European history that Soros lived through would ultimately have a profound effect on both his intellectual development and his attitude towards the proper role of government in the society that it creates. Learn more on discoverthenetworks.org about George Soros.

Soros always knew that he had a strong passion for philosophy. Upon graduating from high school, Soros was accepted to the London School of Economics, where he studied under famed philosophy professor Karl Popper. Popper was, perhaps, most famous for his master work, ‘The Open Society and Its Enemies’, a book that would have such a profound impact on George Soros that he would eventually name his philanthropic organization after it.

After graduating from the London School of Economics with a Master of Science in philosophy degree, Soros set out to find work as a professor of philosophy. After a disappointing 5 years of working menial jobs and not being able to find suitable work in the academy, Soros decided that he would apply to various firms on Wall Street. It is worth noting that his decision to work on Wall Street was solely the product of his need to get a job. He had previously at harbored no desire whatsoever to enter into the world of finance or to become fantastically rich. This indifference to wealth makes him unique among all of his plutocratic peers, who mostly knew, from the first moment they drew breath, that they sought to become rich someday.

Steering Capital Group To Glory

It looks likely that Mr. Buffett will collect and achieve better investment returns than groups of hedge fund managers after he wagered $1 million for charity by simply investing in an S&P 500 passive index fund. According to Tim Armour, the chairman of Capital Group, Mr. Buffett’s strategy is the best since it commits to low costs and simple investments that can be held for a very long time. However, the chairman cautions that consumers should be wary of product labels and the “active versus passive” debate as it does not serve any useful purpose to investors. He also notes that investments are not always about active or passive forms, rather, it is about delivering good long-term investment returns at low costs.

Tim Armour is the current chair of Capital Group. His rise to this position was in 2005 following the death of former Chairman James Rothenberg in the same year. The promotion was based on years of investment experience and unwavering determination to see the company where he kick-started his career as a participant in the Associate’s program grow to greater heights. With his bachelor’s degree in economics from Middlebury College, Armour started as an investment analyst where he covered global telecommunications issues in U.S service companies before ascending to higher managerial levels.

In efforts to steer the company to success, Timothy Armour has spearheaded many projects including the expansion of their services to the Korean market through a partnership deal with the Samsung Asset Management. The two firms agreed to focus their resources on for main areas namely, investments administration, product supervision, support for distribution channels, and retirement organizations.

Moving forward, Capital Group continues to flourish amidst the emergence of many competitors. This trend can be attributed to the robust and stable culture that is planted by futuristic portfolio managers such as Tim Armour who always reminds investors to use two simple filters-high manager ownership and low expenses to “find managers who earn their keep.” He views the September 2015 selloff as a critical step towards market stabilization but says that President trump’s administration will lead to stipulated growth of the international community characterized by an upsurge in taxation.