George Soros is the chair of the Soros Fund Management and the Open Society Foundation. Soros was born in Budapest in 1930, and he managed to survive the Nazi Occupation that occurred during the World War II. George Soros managed to run away from Hungary, which was dominated by the communist regime to England. While in England, he attended the London School of Economics and graduated with a bachelor’s degree in Psychology. Soros later moved to the United States where he was able to accumulate significant investments largely through the fund that he was managing.

Soros has been an active Philanthropist for many years now. In 1979, he launched funds on Marketwatch that were geared towards assisting the black students who attended Cape Town University in South Africa that was primarily apartheid. The Open Society Foundation that Soros managed is now active in numerous countries. The foundation was started to enhance values that are important in an open society. Such values include respect for human rights and transparency.

As analyzed on New York Review of Books (<ahref=http://www.nybooks.com/contributors/george-soros/), Soros is an established writer, and he has authored more than a dozen books. The books include popular ‘The Tragedy of the European Union’ that was published in 2014. He regularly writes essays related to politics, economics, and society that appear in influential newspapers and other magazines distributed worldwide.

His writings heavily lean on the reflexivity concept. On the theory, he argues that various principles do apply in the market, and their effect on the business largely depends on whether they are far from equilibrium or near equilibrium. According to his point of view, when the markets are rising or falling in a rapid manner, they are typically marked by the disequilibrium and not the equilibrium.

Soros’s excellent grasp of financial markets was honed early in his career when he began focusing on the European securities that were mispriced. At the time when he was heavily doing his investments in the European Securities, he used to be the best investor since many people did not understand the hedge funds concept.

The Open Society Foundation was launched in 1979 as soon as Soros decided that he had accumulated enough money. The success he had achieved while working as an Hedge Fund Manager enabled him to chase his aspiration of being able to establish open societies. The free societies were meant to replace the controlling governments prevalent in many countries. His belief was that even if the world in inherently imperfect, there is always room for improvement. His success in the markets provided him with the independence that most other people lacked. The freedom gave him a chance to take a stand on many controversial issues.

In 1973, due to the divergence of interest that was primarily perceived by some individuals, he made a decision of resigning from the managerial position of the First Eagle Fund. He went ahead and launched the Soros Fund, which gave people who were investing in Double Eagle Fund the option of either transferring their funds or staying with Arnhold and S, Bliechroeder.

Hungarian-born American George Soros wears many hats. He is not only a billionaire by right and default but a famous business magnate and mogul who has philanthropic attributes running over the decades. He was born 85 years ago and is the founder cum Chairman of Soros Fund Management. Forbes knows him. Soros hit the top ten list of the wealthiest Americans in 2011 and owns a fortune that puts him at the top 50 amongst the richest people in the world. His investment prowess and acumen makes him one of the most sought financial analyst in the world. In many quarters, he is considered to be the “prophet” of financial markets. He foresees a crisis similar to what was experienced in 2008.

Soros opens the world’s investors’ eye by pointing out to several happening and events currently to what is going on to act as a pointer to the support his sentiments. He is not only being pessimistic but is also giving clues and hints the investors have to be on the lookout as a caution and a warning to their investments. Soros points to the mortgage crisis, credit crunch, banks collapse, governments’ bailouts among other issues as indicators that that wise financial markets investors have to consider to avoid a crisis similar to what happened in 2008 when the world experienced a clobber in their markets. In 2008, Soros pointed out to the fact that several factors worked in unison to create the collapse of global economies. Thus far into 2016, U.S markets have already lost 5%. Volatility similar to that in 2008 is being experienced in China- the second largest global economy owing to the financial adjustments. This is gloomy as the Chinese economy’s growth has slowed down more than speculators had anticipated.

Though George Soros mentions on Street.com the U.S. economy as being in a better financial position and the banks are showing stability, there is the need for alarm as stocks are facing the heat on a daily basis. The USA has experienced a trajectory in the Federal Reserve interest rates. The earnings from capital are growing at a tortoise pace while price commodities are cheap making them less competitive and unattractive. With the U.S and Chinese financial and stock markets wavering and shaky, it will be difficult for the globe as a whole to come to stability. The world needs more of George Soros insights and financial advice to avoid a crunch. More information on George Soros’ street can be obtained from http://www.thestreet.com/story/13418170/1/is-george-soros-prophecy-of-doom-mostly-hyperbole-or-frighteningly-accurate.html