6. Short trade politic
Unfortunately, the more successful you become, the more criticisms and allegations you have to face. When you are making hundreds of million dollars a year, people will start sniffing under your rocks.
George Soros is pretty open with his opinions, especially in politic. And this can be inspiring to his supporters, but not to his oppositions. Throughout his successful career, he had some serious criticisms and allegations toward him.
The most recent is when the AFM, Dutch Authority of Financial Market, revealed his trading moves in “betting” against Dutch banks, just like how he bet against Bank of England. And this matter was sensitive to the Dutch politics. To be fair, any country would have taken it seriously considering Soros’s political involvements.
His typical moves in making big-buck short trades are considered as parts of his global political operation. And after what happened with Bank of England and Brexit, most countries in Europe haven’t been so kind to Soros.
