George Soros: The Bad News About Hedge Funds

Do you know who George Soros is? Don’t feel bad if you don’t. The Hungarian-born investor periodically makes headlines in the financial press. He was quite outspoken about free markets in the late 1980s and early 1990s, after the fall of the Iron Curtain. But he is hardly a household name.

Today, the financier, who was born Aug. 12, 1930, was on Capitol Hill testifying about hedge funds. Here’s the natal chart of Soros from something called the Magi Society and an interesting article about how he got clobbered during a Saturn transit. It was actually in April 2000, when Jupiter was making a conjunction with Saturn in Taurus, squaring Soros’ natal Leo Sun.

I’m wondering whether last night’s full Moon at 21 degrees of Taurus, which also squared the legendary investor’s Sun, is the reason why he was ordered to appear in front of Congress.

He told legislators that hedge funds, which are investment vehicles that are essentially free of government regulation and place bets in both directions (long and short) on equities and commodities, will be “decimated” by the current financial crisis. A story from the Times of London appears here about Soros’ day on the Hill.

Like Warren Buffett, another billionaire, Soros has a Jupiter/Pluto conjunction in Cancer that ties in heavily with the U.S. chart.

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4 comments on “George Soros: The Bad News About Hedge Funds

  1. send phony-humanitarian greedy-gut soros 2 jail!

    what he got when run around destabilizing country after country 2 plunder commodity after commodity:

    `For Soros, Saturn made a Turbulent transit to his natal Sun in the longitudes and activated his natal Sun-Chiron square, meaning a loss (Saturn) of reputation (Chiron) and a disaster (Saturn) in his career (Chiron), which was exactly what happened.`

  2. I recently featured Fareed Zakaria’s interview of Soros is an interesting discussion of how bubbles form out of misconceptions and how reality sets in and bursts and crashes bubbles.

    Unlike other critics like Peter Schiff and Jim Rogers, Soros favors government intervention to regulate markets since he doesn’t believe in the “self-correction to equilibrium” notion of markets.

    Soros’ skeptical approach to human prediction of markets is similar to Nassim Taleb’s ideas that history is inherently a fallacy and any prediction based on past data is imperfect at best.

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