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Of Currency And Open Societies.

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| February 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Business Today (India))

Byline: George Soros

Will the real George Soros please stand up? The world's most successful investor-and unsuccessful market philosopher-isn't unfamiliar with this plea. To many, he's the original enigma wrapped in a paradox.

If you'd have given him $1,000 in 1969, when he started his Quantum Fund, he'd have turned it into $4 million by the turn of the millennium. As a currency trader, he is notorious for making billions on a daring multibillion dollar bet against the Bank of England's control of the sterling in 1992-and still faces the fist-shaking of Asian leaders who blame him for the currency crisis of 1997. He is simply the world's most feared market mover...

...And so when Soros mentions a 'dollar weakness', as he did in mid-2003, and rails against the White House and "the false ideology that US might gives it the right to impose its will on the world", global investors sit up and listen. Soros, a Budapest-born survivor of two totalitarian regimes, is also famous for deploying his wealth for the ...

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