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You mean a Swiss watch for $8,000 should be given the same weight as a $4 Chinese watch? Oh my...

China only accounts for ~11% of global manufacturing output. Also, the US industrial base is as alive and kicking as it was 15 years ago:

What a ridiculous argument. Go ask investors who have been with Soros for 22 years. Ask them if they feel ripped off. I am sure they're crying they paid all those fees and instead didn't invest in a Vanguard mutual fund 22 years ago? I'll tell you who the sucker is: It's neither Soros nor his...

So why comment on their motives when you admit you don't know anything about them?

My God what a pathetic clown you are. Does it make you feel better about yourself telling yourself how dumb all those rich people are?

How many hedge fund investors do you know personally? What do you know about their motives, other than that they're gullible dumb sheep and how much smarter you are? We were talking about Soros' track record weren't we. I argued that Soros' track record is amazing, given his internal rate of...

Here he is on CNBC India, giving his audience what they want to hear: Marc Faber: "I don’t think that you’ll see gold below $1,000 per ounce probably ever" http://www.creditwritedowns.com/2009/11/marc-faber-i-dont-think-that-youll-see-gold-below-1000-per-ounce-probably-ever.html But...

Short Nikkei, Long JGB? :cool:

Looks like Faber changed his mind. Now he says "If Gold drops below $1000 it could signal a violent counter-trend move". So what is it? No more "Never to drop below $1000 again"...

The key is the long period. You will find it incredibly difficult to deliver constant high returns without big downside volatility over a long period (say 10-20 years). Also don't forget Soros' 20% over 20 years is net of fees. Internally, his trades generated closer to 25% annually.

What you don't realize is that it makes sense to allocate PART of ones capital to hedge funds (not all). Many HNW investors would allocate e.g. 20-40% of their capital to hedge funds/CTAs, 20-40% to indexed equity ETFs/mutual funds and another 20-40% to bonds/income investments. Look up...

I'm trading rule-based. I'll go short when my rules say to go short. I never short anything that is going up without first starting to retrace, regardless of how much it feels it went up "too high" (whatever that is). Conviction has nothing to do with it. My position size is based on...

Dollar was weak in 1979 and 1992. Did it hamper investment and entrepreneurship?

I trade the Nikkei contract in Osaka. 10 JPY spread, good liquidity. I trade the mini JGB in Singapore which is 100,000 JPY per point, as opposed to the 1,000,000 JPY per point in Tokyo. Singapore JGB liquidity and spread may not be as good but it's enough for me and in JGB I only trade "half" a...

For those interesting, although not a book on Soros, this is a good collection of interviews with many global macro traders http://www.amazon.com/Inside-House-Money-Traders-Profiting/dp/0471794473. Highly recommended.

Let's not forget that the final blow-off phase in Gold in 1979/1980 happened AFTER Volcker started raising rates. It took another few months for Gold to spike and then fall apart.

High rates = strong currency?

You're the idiot. It's like taking away credit from Bill Gates because he was "only the CEO" of Microsoft but he himself didn't actually actively perform any software programming anymore. What a bunch of non-sense. Soros has cultivated a firm with top traders located around the world, with...

Unfortunately it doesn't correlate well with your "Dollar is going to collapse" theory. Now what?

1) Irrelevant. 2) 3) Why comment when it's obvious you have no idea what you're talking about? Ad 4) Nowhere did I claim he made 20% a month on average. Where did you get that from? I said he had less incentive for taking the risk to shoot for ANOTHER 20% month. Going back to Jan 1987...