George Soros is a Self-Made Entrepreneur with a Big Appetite for Philanthropy

Hungary-born George Soros is a self-made entrepreneur who graduated from the London School of Economics. He paid for his schooling by having to work as a waiter and a railway porter. After working at a merchant bank for a while, he relocated to New York where he made his mark on the famous Wall Street by creating his hedge fund.

The Soros’s hedge fund was launched in 1969, and rebranded into Quantum Fund. According to Forbes, in 1992, in close coordination with Stan Druckenmiller, George Soros shorted the British Pound in a move that made him so much money that many termed him as the man who broke the Bank of England.

After over two decades in the industry, Soros remains a force to reckon with in the finance sector. Soros Fund Management, his family-owned business currently boasts over $30 billion in assets. Recently, he hired one of Wall Street’s most prolific woman, Dawn Fitzpatrick, to manage his portfolio as the CIO of Soros Fund Management. She is the seventh Chief Investment Officer at the organization since the year 2000.

Despite his immense success on Wall Street, George Soros does not turn a blind eye to social injustice, inequality, corruption and other forms of moral decay in his country and the world as a whole. According to Open Society Foundations, he has given over $12 billion to support individuals and organizations within and outside his homeland to help in the fight for transparency, freedom of expression, accountability in government, and justice and learn more about George Soros.

His philanthropy is often directed to groups of people who are discriminated for who they are. For instance, he dedicated some of his charitable contributions to support groups and organizations that represent Europe’s Roma people, as well as those marginalized by society such as drug addicts, sex workers, and the LGBTI individuals and George Soros’s lacrosse camp.

He is also a proud founder of Open Society Foundations, an organization that in its name and work reflects the influence of the philosophy of Karl Popper on Soros’s thinking.

Popper is the publisher of Open Society and Its Enemies, a book in which he posits that no particular ideology is the exclusive arbiter of truth. According to Popper, societies can only succeed if democracy, respect for individual rights, and freedom of expression are observed. The work of Open Society Foundations is mostly based on these principles and read full article.

Soros’s philanthropy began with the issuance of scholarships to black South Africans during the apartheid rule. During the 1980s, he was widely helpful in promoting the free flow of ideas in the Communist Eastern Bloc. He helped reprint banned text by providing the much need photocopiers at the time. Following the fall of the Berlin wall, Soros moved quickly to create the Central European University, which fostered critical thinking, a concept that was unknown to most tertiary institutions in the Soviet states.

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George Soros is a Self-Made Entrepreneur with a Big Appetite for Philanthropy

Legacies Start Early: An Examination of Louis Chenevert

We could easily call Louis Chenevert the wizard of the aerospace sector. This is because of his successful legacy that he left at United Technologies Corporation, which is also known as UTC.

Chenevert was able to take a mid-sized business that struggled against its competitors and bring it to the point where it was worth a grand total of $63 billion. Upon his arrival, that shares at United Technologies Corporation was worth $37. However, because of all his business acumen and wise decisions, they were at $117 a share and continued to climb with his predecessor. Such changes in the company could only come about because of the progress that Chenevert made in in key areas.

One key area was in worker training. Chenevert focused his attention in two worker areas; the engineers and executives. With the engineers, he brought on additional training to get them from where they were to where they needed to be. With the executives, he began to instill into them his own personal vision and what that looked like for the company. He instilled into them the idea of excellence and integrity. Chenevert would not permit them to cut corners in any department.

The second key area was in mergers. Chenevert was able to lead a variety of successful mergers for the company. Two however, stand out above the rest. The first merger was with the world’s largest elevator company, Otis. The second significant merger was with the world renowned Goodrich. This merger occurred for a huge $16.3 billion increase.

The third key area was to create high end technologies to sell. These included jet engines for commercial use and military use. He increased spending in research and development of these technologies. Lastly, he added custom devices for each oh his jet engine, such as sensors, flight controls, and aerospace systems, in order to increase revenue.

It was drastic changes such as these, which he learned at his time with General Motors, Pratt and Whitney, and obtaining his degree at HEC of Montreal, that allowed him to leave his legacy at United Technologies Corporation.

Legacies Start Early: An Examination of Louis Chenevert

Igor Cornelsen, the Brazilian Investor

Igor Cornelsen is an investor who capitalizes on the opportunity at hand to establish a business that earns profits for a lifetime. To many, he is known as the tipster. He believes that for an individual to be successful, his or her perception towards the stock market should change. Many people view the stock market as a place for the quick money. Cornelsen advises that its high time people saw the stock market as an investment. Investments should be made according to the ability of an individual with the future in mind.

As a banker in Brazil, he has mastered the nitty gritty of the banking industry in this South American Country, so he advises people on the best ways to invest. Cornelsen’s method of investment is dubbed “investing in the future success”. It is a way that requires purely the knowledge of the market and a powerful experience over the past previous years that were turbulent.

Igor Cornelsen hails from Brazil, a country that is a natural choice for the development of infrastructure and probably the biggest in southern America. Knowing the potentials of his country, Igor uses his role as a key player in the world of economics to create a vibrant and high-spirited desire in the growth of the country. To invest in Brazil, Igor says that there are three factors that investors must consider, and these are; knowing and connecting with the natives, preparing for the red tape and knowing the foreign currency restriction.

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Igor Cornelsen – Colorado, Bainbridge Investments

Investing In Brazil: Igor Cornelsen’s Top 3 Tips

Connecting with the natives

Connecting with the residents implies assimilation of the investor into the Brazilian land without any friction. Igor states that most Brazilians aged 18-64 years are entrepreneurs. Thus, the country comprises of business minded individuals who are willing to pay attention or even capable of holding little conversations along the street. Brazilians are welcoming people.

Knowing the foreign currency restrictions

Under this, the investors are from a different country. They need to find a bank with full authorization to deal in currency to hold its funds in local currency. The investors also need to know that there is no single rate of currency exchange as it depends on the nature of the transaction, usually on the amount.

Preparing for the red tape

The red tape here is used to refer to the rules of business. Brazil has strict and rigid labor mobility restrictions, high taxes and regulatory complexities. He emphasized that the Brazilian market is still growing. Thus the strict rules will soon be lifted to promote better business terms.

Alongside the three core and fundamental points to note for the investors, he added that the best way to invest is to forecast the future. It implies investing in a business that will accrue profits in the later periods to come.

Learn more about Igor Cornelsen:

Igor Cornelsen, the Brazilian Investor

How Investment Banking Is Important for the Economy

Investment banking is a field in which firms offer to help other companies reach financial goals. These goals will usually include raising capital, issuing new stock and completing mergers. As a result of these important tasks, investment banking is one of the most important occupations in terms of shaping the economy. With investment banking firms, many clients are able to find ways to increase their profits, combine resources and also provide more or better products and services. Therefore investment banking plays a central role in helping companies become more successful, provide more jobs and meet customer demands more frequently through better allocation of financial resources.

When an investment banking firm works with clients it will often look to help them raise capital. The best way to accomplish this goal is to issue new stock through additions of extra capital. While this may be done by one company, oftentimes there has to be a merger and acquisition to more easily achieve this goal. During a merger and acquisition the investment banking firm will talk to two companies in the same industry and work towards helping them agree to come together. When this happens more capital can be raised which can help to not only keep jobs and increase profits but also avoid scenarios in which a company goes bankrupt. Therefore investment banking is a key part of either maintaining or improving important aspects of a given economy.

There are a number of investment banking firms that are small and lesser known. However they are just as effective and also offer more individualized services. One of these small investment banking firms is headed by Martin Lustgarten. Martin is the current founder and CEO of his firm which helps both businesses and individuals. With his firm Martin is able to help a number of companies get extra capital as well as merge with others to acquire additional resources. Therefore Martin is able to use his firm to help stimulate the economy in his local market and beyond.

While Martin often works with businesses to help the reach financial goals, he also works with individuals. When working with individuals, Martin is helping them by providing financial advice and guidance. He works hard to use his expertise and knowledge to help people invest their money more wisely. Therefore Martin will help clients with retirement savings, stock investing and also introduce other securities such as mutual funds, annuities and commodities. This will help individuals diversify their portfolio and have a better chance at achieving their financial goals.

How Investment Banking Is Important for the Economy