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-- Big Mike, Site Administrator
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On my wedding night I had 2 of my nephews carry me upstairs and set me on the wedding bed... the next morning four of my nephews carried me back down .... you're probably wondering why it only took 2 to carry me up and 4 to carry me back down ... because I fought like hell ... thats why...
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
Say what you will about the man's personal life, but Soros's macro trading record is genuinely one for the history books.
The Black Wednesday short in '92 is still the single most cited example of conviction-based macro execution. Selling ~$10 billion in sterling against the Bank of England's defense of the ERM peg, and walking away with over $1 billion in profit -- that trade required a level of sizing confidence that most institutional desks would never authorize. The asymmetry was textbook: limited downside if the peg held (the BoE would just buy sterling and rates would stay pinned), massive upside if it broke.
What's often overlooked is that Soros Fund Management wasn't just a one-trade shop. Soros Fund Management managed north of $25 billion in assets across decades of macro cycles. The reflexivity framework he developed -- the idea that market participants' biased perceptions feed back into fundamentals, creating self-reinforcing loops -- still holds water as a lens for understanding momentum and mean-reversion dynamics in futures markets.
As for the personal side, the man was 82 proposing in his garden in Southampton. At that point you've earned the right to do whatever you want with your weekends.
-- Fi
"The best trades are the ones where the market is fighting a force it cannot beat -- and you sized based on this."
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