George Soros Success in Philanthropy and Open Society Foundations

George Soros is a renowned global philanthropist who has managed to give away a total of $12 billion. Most of his funding have helped both local and international organizations and people in fighting for their freedom of expression, government accountability, transparency, and other related societies that advocate for equality and justice.

The funding made by George has mainly been channeled to persons who face racial and other similar forms of discrimination. For instance, George has helped several groups including marginalized communities, Roma people in Europe, LGBTI, and sex workers. Soros has continually received massive intolerance from various bodies that object to his empowerment schemes and what George Soros knows.

George was born in Hungary in 1930 and raised during the Nazi occupation in 1944 and 1995. This period resulted in the death of more than 500,000 Hungarian Jews. George’s family survived with fake papers that concealed their background. His family also helped others survive the ordeal using a similar trick and Follow his

Communists in Hungary later consolidated their power after the war. George left for London in 1947 to work as a part-time rail porter and a waiter at a nightclub. He opted to work and afforded to pay for his Economics studies. In 1956, George moved to the United States where he concentrated and made a fortune out of investments and finance.

George launched a hedge fund called Soros Fund Management in 1970. Eventually, he became a prominent and successful investor across the United States of America. Out of his fortune, George was able to open more society foundations. These network of partners, foundations, and projects spread to over 100 countries. Soros’ success resulted from the resourceful philosophies he gained from Karl Popper while at London School of Economics and more information click here.

Soros began his philanthropy in 1979 by offering scholarships to the South Africans during the apartheid. In the 1980’s, Soros helped to foster an open exchange of ideas at Communist Eastern Bloc. He later set up European University purposely to enhance critical thinking after the fall of Berlin Wall. Moreover, George supported several lawyers and paralegals that fought for the release of illegally detailed persons and access to education and George Soros lacrosse camp.

There are several conspiracies developed purposely to attack George Soros. Hitherto, there are no clear claims that he is seeking to control global wealth and push a global order. His liberal and philanthropic nature has faced resistance for the past two years with an array of allegations on his bid to take control of the global politics and economy.

Soros is a powerful man both in global economy and politics. Open Society Foundation is highly committed to executive its primary role in social justice. The foundation has committed over $1.6 billion to develop democracy across Eastern Europe.

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Passive versus Active Index Investments in Earning Higher Returns

According to a documentary by Tim Armour on 27th February 2017, Warren Buffett’s decision to invest in an S&P 500 passive index fund is better than investing in mediocre and expensive funds. This is because the passive fund low cost and simple investment that can be held for a long time.

According to his annual shareholder letter, Mr. Buffett explained that his approach was that of bottom-up investing, that Americans needed to adopt for retirement. This was from experience based of fund on his many years of investing.

Tim Armour adds on Mr. Buffett’s argument that many mutual funds provide poor long-term returns due to high management fees and excessive trading involved. Another reason for the poor returns is the risk of volatility and opportunity cost of investing in passive index investments.

According to Tim, the actively managed funds are doing badly in the market, but there are, however, sometimes when this is exceptional. A client investing in active funds can be wealthier after some time as compared to the one who invested in a passive fund for the same time. There is, however, a way to tell which fund between the two can outperform. The investor should choose the fund with low expenses and high manager ownership. The investing time should be long to get good returns.

Timothy Armour further posited that, as many young Americans are retiring at a tender age and getting worried about how to save for their golden years after retirement, there is need to do further research to find out on how investors can earn higher returns for their future.

About Tim Armour

Tim Armour works at the Capital Research and Management Company as the Chairman, Principal Executive Officer, and the Director. He assumed this position in the year 2015. He is also the Equity Portfolio Manager at Capital Group Companies.

Previously, Tim Armour worked at Capital as an Equity Investment Analyst. Armour joined Capital in 1993 where he worked under the associate’s program. Mr. Armour has a Bachelor’s degree in Economics from Middlebury College in Los Angeles. Tim has been an investor for over 32 years.