George Soros was born in Hungary in 1930 to middle-class Jewish parents. His relatively stable childhood was upended by World War II when George was just fourteen years old. Forced to assume false identities to avoid capture by the Nazi’s, the Soros family, including young George, worked doggedly to help others do the same. This experience fueled George’s desire to understand human nature and to help promote the greater good.
When the war ended, Soros again experienced the harsh reality of systematic injustice under the Soviet occupation of Hungary. Fed up with the lack of opportunity in his homeland, seventeen year old George fled to London where he worked menial jobs while attending the prestigious London School of Economics (the LSE.) While at the LSE, Soros had the opportunity to study under Karl Popper, the philosopher most famous for his influence on modern scientific thought. Popper argued that scientific claims should be falsified through systematic testing rather than proven with experiments that might unwittingly be influenced by beliefs of the scientists conducting the study. This notion that ideas cannot be definitively proved only disproved resonated with Soros. He began applying Popper’s ideas to economic theory and political concepts. He was struck by the unfounded hubris of theories based on the idea of perfect competition in economics and the dangerously repressive regimes that often emerged from political ideologies that claimed to represent the ultimate truth. Visit this site to know more at opensocietyfoundations.org.
Shortly after receiving his degree from the LSE, Soros moved to New York where he began working as an arbitrage trader. George immediately saw how the philosophical insights he had gained studying under Popper could give him a strong advantage in the market. In 1969 Soros’ confidence in his philosophical understanding of markets was so firmly set that he raised $12 million to create his own hedge fund. This project, which later became known as the Quantum Fund, which made billions in 1992 when Soros and Stan Druckenmiller successfully shorted the British pound. Twenty-five years later Soros is still actively involved in the Soros Family Management, which is worth over $20 billion.
Despite his extraordinary success in the market, Soros never abandoned his commitment to improving society. Over the years he has given many millions of dollars to support causes like religious tolerance, immigration reform and criminal justice reform. George Soros also inspires like-minded members of the donor class to financially support causes that work to improve health care, education and human rights in the U.S. and abroad. All told, his work has helped raise an estimated $13 billion for a variety of domestic and international non-profits over the past thirty years. Learn more on Biography about George.
Many people dread going to their high school reunions. It is not because they got fat. It is not because their wife got ugly. It is not even because they are embarrassed to hear all the stories of the dumb things they did as a teenager. The reason most people dread going to high school reunions is because they fear seeing one of their contemporaries being more successful than they are. This is certainly true for Lloyd Grove and more information click here.
Lloyd wrote a piece for the Daily Beast where he discussed how he felt when he discovered his college roommate, Anthony Petrello, was the highest paid CEO in the world. Since that time Lloyd says he has “been churning inwardly with depression, hopelessness, envy, and a host of other unworthy emotions”. Who wouldn’t feel that way after seeing how much Anthony Petrello has accomplished?
Anthony has several degrees under his belt and all of them are from prestigious Universities. He has a B.S. in Mathematics and an M.S. in Mathematics, both from Yale University. He also has a justice degree from none other than Harvard. Those two degrees combined landed him a job a Nabors Industries where he would become one of the highest paid CEOs in the world and learn more about Anthony.
During his time a Nabors Industries Petrello was able to use his gifts of math and knowledge or the law to move the majority of the company off the shore of America and relocate in the country of Bermuda. It was the skill to accomplish goals like this that got Petrello promoted to President of Nabors Industries and eventually the Chief Executive Officer as well. These positions together would earn Petrello quite a hefty bit of pocket change and resume his.
Petrello would earn a yearly compensation of $15,372,429. $1,575,000 was received as a salary, $1,492,982 was received as a bonus, and $10,808,769 was awarded as stocks which of course increased his net worth. Looking at this compensation package I can understand why Lloyd Grove now feels like a failure in life and Anthony’s lacrosse camp.
More visit: http://executives.findthecompany.com/l/18290/Anthony-G-Petrello
The story of Doug Levitt remains one of intrigue and captivation. Although his upbringing remains modest, Doug has managed to accomplish a feat that very few people could achieve. Aside from being an esteemed musician, Doug remains a talented artist. In addition, Doug delved into journalism for a brief period of time. However, one of his most noteworthy feats includes riding the Greyhound bus over 100,000 miles for about a decade. During this “quasi-journey,” Doug Levitt came across some interesting people. Moreover, he came across people who often go unnoticed in our society. To name a few, these include neo-Nazis, ex-cons, and so forth.
In fact, one of his most recent encounters involved a neo-Nazi. What makes this surprising includes the fact that Doug Levitt hails from a Jewish background. Nonetheless, Levitt sat next to and conversed with a member of the hate group. According to Levitt’s own recollection, the man had a tattoo of both Adolf Hitler and a swastika on his arm. Considering the fact that Levitt comes from a Jewish background, this remains what makes the story so remarkable. For 20 hours, Doug shared a seat with this man. Due to the man not knowing Doug’s background, he remained friendly the whole time. In fact, he offered Doug a sandwich and Doug of Twitter.
Although Doug’s experience with the neo-Nazi remained undesirable, it also served as a learning experienced. As Doug got to know the man, he found out that he spent time in prison. Due to his time in jail, the ex-con stated how racially divided the prison system remained. Therefore, it remains a cauldron of racial division. In addition, Doug decided to compile his experience into a project titled “The Greyhound Diaries.” Moreover, the project remains a literary illustration of his 13-year journey across the United States using Greyhound.
Other Reference: http://www.democraticunderground.com/100230214
The capitalization of a number of companies will ensure they last for some time, and this article shows how Madison Street Capital offers all the help needed. Someone who wishes to sell their company, buy a company or invest in a stake must use the company for help with valuation. The valuation service is one of the most-useful tools in the arsenal of any firm, and there are many people who will use this company’s help because they cannot do the work themselves.
#1: The Company Will Research Any Firm
There are quite a lot of companies around the world that may be valued for any number of reasons. The problems that are created by valuation stem from the sheer size of certain companies. They are so large that they cannot be measured, and they may have so many assets someone will never know how much there is. The Madison Street Capital reputation is based on finding every nook and cranny of a business. They will report on the value they have found, and they will send off a report that is quite easy to read.
#2: They Manage Sales
The sales of stakes and businesses must be handled in the offices of Madison Street Capital, and they will help their clients complete a deal in moments. They will find it quite simple to ensure they are handling the cash from the sale properly, and they will have the contract signed in their presence. Someone who is searching for a simple way to ensure they are safe during a sale is to contact Madison Street for help.
#3: They Are Award-Winning
They are an award-winning company that has ensured many times over sales and deals are brokered properly. The M&A industry has reached out to the company to show them their appreciation for the work they do, and they are helping other companies do the same work simply because they know the work that has been done is important. Anyone who is in need of a valuation will turn to Madison Street knowing they are respected across the industry.
The company that requires a valuation report on themselves or another company may come to Madison Street Capital at any time, and they will be given a report that is required for their business. Each report is quite thorough, and it will detail value that no one else may find during their research.
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Warren Buffett looks to win the $1 million wager that he could out do a group consisting of several fund managers by investing in a passive index fund of S&P 500. The money raised in the wager would be donated to charity. Active fund manager and the president of Capital Group Companies, Inc., Tim Armour supports Buffett’s opinion that many mediocre funds shortchange their investors by setting high management costs and over-relying on passive index funds.
Warren Buffett always relies on his bottom-up investment approach that allows him to analyze companies rigorously before building a long-term investment portfolio. Armour advises fund managers to carefully scrutinize both active and passive fund management practices to find a balance that works for their investors.
Though considered safe, passive index investments have underlying opportunity costs and volatility risks. They are also prone to market downturns contrary to popular belief. All in all, Armour advises investors to watch out for two simple filters before settling for an investment fund: low cost of operation and high manager ownership.
Timothy Armour Replaces Jim Rothenberg as the new Chairman of Capital Group Companies, Inc.
The Capital Group Companies Board of Directors chose Tim Armour as the new Chairman following the death of long-time leader Jim Rothenberg. Capital Group manages assets worth at least $1.4 billion including American Funds’ assets. Timothy mourned the loss of Rothenberg who was both his mentor and friend at the firm. He further added that Jim was a leader who made long-term decisions that focused on the interests of investors and clients.
What Timothy Does at Capital Group
Timothy Armour also serves as the Chair and Principal executive of the group’s Capital Research and Management Company, Inc., and as the chairperson of the Capital Group Companies Management and Council. He acquired an economics degree after attending and graduating from Middlebury College. He has spent all his career at Capital Group.