An infamous video mysteriously resurfaced on YouTube recently…
It’s a 1998 “60 Minutes” interview with multibillionaire trader George Soros that had gone missing for years.
The word is he went to great lengths to suppress it.
And it’s easy to see why…
While Soros is revealed as one world’s greatest traders… the supposed philanthropist is also exposed as a cold, calculating and ruthless operative…
George Soros is a complex, conflicted man. That comes across in the video, which I urge you to see before it disappears again.
On one hand, he’s a brilliant trader… one of the best the world has ever known.
For almost two decades, his Quantum Fund achieved returns in excess of 30% per year. And two years it posted annual returns of more than 100%. That’s extraordinary.
And he’s done it by following a systematic approach to trading that trend followers can appreciate.
Here’s Soros in his own words…
On unemotional, systematic trading…
“If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”
On trading with the trend…
“We try to catch new trends early and in later stages we try to catch trend reversals. Therefore, we tend to stabilize rather than destabilize the market. We are not doing this as a public service. It is our style of making money.”
On letting your winners run and cutting your losses…
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”
On the impossibility of predicting the future…
“The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.”
Sound familiar? Regular readers will recognize those principles.
Soros is living proof that a disciplined, systematic approach to trading trends is the path to riches in the markets.
That’s the admirable part. But he also has a dark side…
While the leftist mainstream media portrays Soros as a generous philanthropist out to right the world’s wrongs, the truth is quite different…
In reality, he’s a card-carrying member of the globalist elite who runs the Open Society Foundations.
He’s spent billions working behind-the-scenes to manipulate democratic elections and destroy our constitutional limitations on government.
Recent document leaks show his global network had over 90 separate projects to influence election outcomes in Europe in recent years.
He’s also destabilized the European Union by spending millions to promote mass immigration and open borders.
In the U.S., he’s funded pro-Clinton propaganda outlets like Media Matters and ThinkProgress.
And undercover videos by Project Veritas revealed that Soros has suspected funding ties to Democratic operatives involved in voter fraud, inciting riots and creating violence at Trump rallies.
The bottom line is that Soros is all about sowing chaos in the system.
And he has extraordinary power to push and pull markets.
Think I’m exaggerating?
In the early 1990s, Soros single-handedly caused an economic crisis in England by betting against the British pound. It’s known as “Black Wednesday.”
He made over a billion dollars by cratering the monetary system of Great Britain in a single day.
Yes, he can single-handedly move markets.
Look, what most investors either don’t realize or don’t want to admit is that there are highly influential forces like Soros working behind the curtains to shape world events.
If you’re sitting at home thinking that there’s a system in place protecting you from these influences, you’re just easy prey.
Prepare or perish.
As citizens, we’re wide awake to the fact that Soros is an enemy of liberty, using his vast resources to cement his vision of a new world order.
But as traders, we can take the best of what he has taught us about making money in the markets to our advantage.
Be sure you choose to swim among the sharks instead of being the chum.
Please send your comments to me at firstname.lastname@example.org. Let me know what you think of today’s issue.
This story originally appeared in the Daily Reckoning