AI
Thursday, January 12, 2017 8:46:16 AM
<<< Perspective my friend......all perspective! 
Billionaire George Soros Lost Nearly $1 Billion in Weeks After Trump Election
Billionaire hedge-fund manager George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump's surprise presidential election.
But Stanley Druckenmiller, Mr. Soros's former deputy who helped Mr. Soros score $1 billion of profits betting against the British pound in 1992, anticipated the market's recent climb and racked up sizable gains, according to people close to the matter.
The divergent bets of the two traders are a stark reminder of the challenges even acclaimed investors have faced following Mr. Trump's unexpected victory. Many experts had predicted a tumble for stocks in the wake of the election, but instead the Dow Jones Industrial Average has climbed 9.3%.
See More Coverage » WSJ
Billionaire George Soros Lost Nearly $1 Billion in Weeks After Trump Election
Billionaire hedge-fund manager George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump's surprise presidential election.
But Stanley Druckenmiller, Mr. Soros's former deputy who helped Mr. Soros score $1 billion of profits betting against the British pound in 1992, anticipated the market's recent climb and racked up sizable gains, according to people close to the matter.
The divergent bets of the two traders are a stark reminder of the challenges even acclaimed investors have faced following Mr. Trump's unexpected victory. Many experts had predicted a tumble for stocks in the wake of the election, but instead the Dow Jones Industrial Average has climbed 9.3%.
See More Coverage » WSJ
"My goal in life is to be as good of a person as my dog already thinks I am."
—Author Unknown
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
