Do you understand what shorting the pound means? It’s hardly sinister. It’s simply investing on the basis that you expect it to go down in value. Why attribute some value judgment to shorting?
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You see - I read this and all I see is a financier betting the pound would fall and profit from it. I see nothing in this to suggest he was instrumental in breaking the pound.
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He is literally known as “the man who broke the Bank of England.” He walked away with 1 billion and sent the county into a depression. You could also argue that the banks that caused the last global repression were just trying to make a profit. Markets don’t exist in a vacuum
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Fair enough. To me it feels asinine to attribute such huge things to single actions. The causes of these events are far too complex and multifaceted. Anyway, good exchange guys. Always interesting to swap perspectives.
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One of the most interesting things about Soros is that he was a student of Karl Popper and that he has always wanted to be a philosopher. Even billionaire hedge fund managers are disappointed by life
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And as any good Popper man will know, the truths we know to be true are really just truths waiting to be falsified because they haven’t been tested hard enough. Which takes us full circle - holding that Soros broke the pound is a conjecture easily refuted ;-)
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Life is all a bunch of post hoc stories we weave to explain our poor life choices
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New conversation -
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European news gives me new understanding of both Cassandra and the amount of Vodka Russions drink.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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