Re:The Day George Soros Broke the Bank of England to Make $1...
by parasense on Friday March 18, 2022 @11:01AM
(#30723166)
Agreed.
It's basic game theory, understanding adversarial finance, and applying risk management practices at the sovereign state (central bank) level.
It does seem strange today to bet somewhere in the neighborhood of $7 ~ $8 billions, to only realize a capital gain of ~$1 billion, but it's actually a really impressive ~14% return.
The issue I suppose is where taking that adversarial position, and then being outspoken about the topic, in essence a variation of pump'n'dump for short sellers... proclaim the doom of the British sterling, and the doom becomes real via market awareness.... or, is "market awareness" really just market manipulation?
It's basic game theory, understanding adversarial finance, and applying risk management practices at the sovereign state (central bank) level.
It does seem strange today to bet somewhere in the neighborhood of $7 ~ $8 billions, to only realize a capital gain of ~$1 billion, but it's actually a really impressive ~14% return.
The issue I suppose is where taking that adversarial position, and then being outspoken about the topic, in essence a variation of pump'n'dump for short sellers... proclaim the doom of the British sterling, and the doom becomes real via market awareness.... or, is "market awareness" really just market manipulation?