Quote from failed_trad3r:
George Soros is not a trader like the people on ET. His bet against the British Pound was profitable not because of outside forces, but because he was an outside force. He became the market. No trader on ET can copy that.
Coupled with the fact he is not trading with scared money, but money from investors, you should think hard whether his returns were made because he is a "brilliant" trader, or had alot to do with money management and luck.
You could argue that investors money is more important than your own capital, especially for someone of Soros's caliber, it's his reputation. Even for a small time manager it's important, if he loses client funds he's screwed.
There's no reason why the average Joe trader can't adopt some of his money management and compounding principles though, they make perfect sense when you think about it.
Soros's GBP trade is what he's best known for but it wasn't his only trade, what did it return, 15%?
