How to Make Your Net Worth $ 8 Billion

Last Updated June 27th 2019
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George Soros is a Hungarian-American business magnate with a net worth of $8 Billion, making him one of the most successful business investors and the richest hedge-fund manager in the world. He was not born into wealth. He struggled for most of his early life to make a living, starting as an unsuccessful travelling salesman in Wales. His rise from low income to immense wealth is proof that anyone can become a billionaire with the right investments and business mentality. His is a story that is worth studying and learning from. He did not have access to insider information or a top financial blog like this from Trading-Education.com. He worked his way up, developed his own ethos for investment and saw the billions roll in.

George Soros

His first foray into trading began when he started to invest in emerging European markets. He recognised ongoing developments and when to invest in cheap stocks in anticipation of rises in value. A modern equivalent of this could be seen as investing in low-value cryptocurrency coins in anticipation of potential bull runs.

See also: Meet 5 of The Richest Traders in the World

His tactic for choosing a stock to invest in is heavily based on the concept of Reflexivity. This is the idea that market transactions are influenced by the biases of individuals. He considers his reliance on Reflexivity theory as the reason for his colossal economic success. He believes Reflexivity is an intermittent phenomenon and can best be observed when investor bias spreads. He believes when this bias grows it influences the values within markets. He also looks closely at political policies which can further influence stock value. What's more, he believes that different principals affect a market depending on whether it is rising or falling.

He abhors market fundamentalism and does not believe that the free market is an adequate way to solve the world's financial problems. He brings his sense of creativity and innovation into account when deciding where to invest. He is living proof that thinking outside the box is one of the things that might be necessary to become a multi-billionaire.

Another trait of billionaires that Soros has is his entrepreneurial mind. When he became self-employed and set up his own hedge fund he managed to attain a 3,365% return on his investments. In 1992, his trade in pound sterling generated a profit of $1 billion. He diversified his investments and his profits have continued to grow. His example of utilising and following a business theory is one to follow for all those who want to earn billions.

Don't miss:5 Smart Ways to Invest $1,000

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