Stich, Zeev, Bosco - I, too caught the 60 minutes interview a couple of weeks back and was quite disgusted. On the money management side of the biz, for him to let the anchor say that his trading is amoral and then agree with it was absolutely flabergasting. Soros made a dumb comment to the effect of 'I do not take into account the social consequences of my actions when I make a trade'. Why does he want people not to respect him? It was such a disturbing interview. I've seen Julian Robertson on Charlie Rose give a perfect explanation of why its okay to short sell - it brings markets that are out of fundamentals back into fundamentals, and can also force reforms and new policies which over the long run will benefit a country. I think Indonesia is a good example. As for the rest of the interview, I was about to throw up. Soros discussed how his father paid a nazi officer to pretend the he was 12 year-old Soros' father (so he would not be caught as a fleeing Jew and killed). He mentioned how he followed the officers company around and knocked on the doors of jewish homes, assisting in taking the possessions and rounding up families to be ultimately gassed. The anchor asked to the effect of 'do you feel any guilt or remorse that you participated in the rounding up and transporting of your people to be gassed? To which Soros replied "If it wasn't me, then it would've been someone else, so what's the difference?' Puke.
There are thousands of Jews who were much younger and less mature than Soros, ages 6, 7 and 10, whom would rather die than participate in the murder of their own people. These children made efforts to flee, and in many cases succeeded. They often fled alone or in small groups, as their parents ordered them to because they knew that the children would be ultimately gassed if they were found. The fact that Soros didn;t mention ever trying to escape, and his statement of exoneration of his actions shows that he is a coward. I find it hard to believe that his plight would have made escape more difficult than any of the thousands of others who live to tell their stories. I was previously a fan & supporter of Soros but didn't know much about him - only that he was making a fortune shorting emerging markets. Now that I know a little more about the man, I wouldn't give him the time of day.
Mayhe he should read 'Night' by Elie Wiesel and then, he might feel some guilt.
I bet some of his fundholders were also disgusted and I'd urge them to take their business elsewhere. |
