A LEGACY ERASED — UNHAPPY BIRTHDAY, GEORGE SOROS
This is not the picture of a happy man. Born on August 12, 1930, George Soros turned 95 ereyesterday, and for his birthday present America brought him the annihilation of his legacy.
Soros has been known for two things: making money and spending it on political influence. Over the last few years, he has handed over control of his empire to his son, Alex, and Alex Soros is proving delightfully unable to do either of those things successfully.
First, Alex ruined his reputation for making money. George was once known as “the man who broke the bank of England,” famous for making $1 billion in one day by sniffing out arbitrage opportunities in currency exchange markets.
Taking control of Soros Fund Management, Alex became the man who broke the bank of Soros. Alex is as talented at making billions vanish as George was at making them appear, but maybe he inherited some of his dad’s skill for political maneuvering and network building?
Nope. He’s a failure at that too.
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