All Traders
Portrait of George Soros

1930-present

George Soros

The Man Who Broke the Bank of England

Reflexivity theory - markets are inherently unstable because participant perceptions influence fundamentals, creating feedback loops. Soros exploits these mispricings when market consensus diverges from reality.

Trading Strategy

Global macro trading, betting on currencies, commodities, and interest rates based on macroeconomic analysis. Uses leverage aggressively when conviction is high.

Key Principles

  • Find the trend whose premise is false and bet against it
  • When you have conviction, go big
  • Markets are always biased in one direction or another
  • Test your thesis with a small position first, then scale up
  • Survive first, then make money