He may be a manipulative sociopath but he knows the markets - wonder if he had insider information? From Barrons:
George Soros Sold Facebook, Netflix, and Goldman Stock Just Before They Tumbled
Billionaire investor and liberal activist George Soros has been known for investing moves that have succeeded wildly —and also for ones gone horribly wrong.
Chalk up three recent moves in his win column.
Soros Fund Management, which Soros founded and chairs, exited social-network giant Facebook (FB) completely in the third quarter, while also slashing positions in Netflix stock (NFLX) and Goldman Sachs Group stock (GS). Those three stocks have tumbled in the fourth quarter so far, with Facebook and Goldman setting new lows Tuesday. They are down almost 20% and 15%, respectively, so far this quarter. Highflying streaming-content giant Netflix has tumbled almost 29% since the end of September.
Soros saved a chunk of cash by selling: Barron’s estimates that, had he maintained positions in those stocks, he would have unrealized losses of about $17.7 million so far in the fourth quarter.
Everyone knew that these prices were a giant bubble but the popping sure surprised a lot of them.
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