Money Audiobook | Finance Audiobook | Wealth Audiobook George Soros



http://www.strategicgrowthexperts.com Money Audiobook | Finance Audiobook | Wealth Audiobook The Alchemy of Finance George Soros George Soros Audiobook George Soros is widely regarded as one of the preeminent investors of our time after compiling a track record over four decades from 1969 to 2009. That is, without question, Hall of Fame material. Given that there are simply not that many investors who have track records of this duration, it is tough to make direct comparisons at all, and making comparisons across decades is tough because of the very different economic and market environments that exist from decade to decade. But there is one investor who was in the market the entire time as Soros and actually has a track record that we can stack up side by side to gain some perspective. Warren Buffet closed his private partnership (BPL) to new capital in 1966 and, by 1969, had transitioned to running as a closed-end fund named Berkshire Hathaway. For the 41 years from 1969 to 2009, we have good data on Soros vs. Berkshire (thanks to Veryan Allen at @hedgefund who collected the information and calculated the returns) and the results are nothing short of astonishing. Warren compounded wealth over that period at a stunning 21.4% (more than double the S&P 500 return over the period) and would have turned a $10,000 investment into $28.4 million. But Soros did better, compounding at 26.3%. That doesn’t sound like that big a difference, but through the miracle of long-term compounding, that $10,000 original investment would be worth an extraordinary $143.7 million.

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