{"id":21733,"date":"2013-08-28T09:19:24","date_gmt":"2013-08-28T13:19:24","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=21733"},"modified":"2013-08-28T09:19:24","modified_gmt":"2013-08-28T13:19:24","slug":"how-did-george-soros-figure-it-all-out","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=21733","title":{"rendered":"How did George Soros figure it all out?"},"content":{"rendered":"

You stare at the screen, transfixed.<\/p>\n

Everything you own — except SGOL and (of all things NLY) —\u00a0is showing bright red.<\/p>\n

All those months and months of hard work analyzing, mulling, and picking — all going down the\u00a0toilet, minute by minute.<\/p>\n

No sense in selling — not into yesterday’s maelstrom. And none of my disasters was showing an 8% loss, which would invoke my stop loss rule.<\/p>\n

Sit there. Take my lumps. Take Rosie for a walk. Watch some tennis. Read a novel.<\/p>\n

Pray that sanity ultimately prevails.<\/p>\n

But it won’t. We know that. No one learns from history. Yesterday’s New York Times:<\/p>\n

\"KerrysChemicalWeapons\"<\/a><\/p>\n

And in another time, not too long ago… Remember Colin Powell telling the U.N. how Sadam Hussein had weapons of mass destruction and he, Colin Powell, had the evidence.<\/p>\n

\"ColinPowellTellstheUN\"<\/a><\/p>\n

Senator John McCain (R) was on BubbleVision this morning rattling sabers:<\/p>\n

America has no respect in the Middle East. <\/em><\/p>\n

It’s trivial to send arms through a small corridor to the right people in Syria.<\/em><\/p>\n

What I don’t get is it was only a few days ago that I reported that George Soros had bought a massive short position on the S&P 500. How did he know? And why didn’t I hedge my portfolio by spending a few shekels to buy some puts on the S&P 500? Heck, my day-day-day portfolio on Fidelity lost $75,000 yesterday. Put some of that — say $10,000 in PUTs — and it would easily have offset the $75,000.<\/p>\n

\"S&POverTwoMonths\"<\/a><\/p>\n

When your portfolio rises by day, as it was doing earlier this year, your tendency is to assume the pleasure is forever. And there will never be pain.<\/p>\n

And then came Syria. Are we really going to go to war against Syria because we think — maybe – they used chemical weapons. Heck, if I were running the rebels, saw I was losing, wouldn’t I use chemical weapons, blame it on the Assad regime, knowing that America would then ship me arms and turn my chances around?<\/p>\n

Stratfor’s Robert D. Kaplan wrote this morning:<\/p>\n

So far, Obama has handled the Middle East tolerably well. He has reduced and ended ground force commitments in Afghanistan and Iraq, while avoiding quagmires elsewhere in the face of regional change and chaos. This is in keeping with the leadership of a global maritime power that has serious military commitments in Asia and elsewhere, even as its energy dependency on the Middle East is on the wane. But Obama now faces a defining event that will test his commitment to keep America out of regional quicksand while being able to wield considerable power in the region at the same time. If Obama prosecutes a significant military operation, one thing is certain: Syria will be its own war for the United States with its own narrative, for better or worse.<\/p>\n

I should never be all long. I should always own some puts. If this gets ugly, they could be my saving grace.<\/p>\n

\u00a0Sign of the times.<\/strong> <\/span>The US Tennis Open allows you to bring iPads into the grounds, but not laptops.<\/p>\n

Seeing again.<\/strong><\/span> I just noticed one eye is partly closed. Today, however, they’re both open and seeing.
\n\"HarrySeeingAgain\"<\/a><\/p>\n

The cataract operation is now a success (after a week recuperating and a million drops). Life is returning to normal. Maybe I can now fix that left shoulder rotator cuff “tear” with\u00a0some steroids? The only lesson from all this: Make sure you accomplish your Bucket List, when you’re young — before your body falls apart.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

You stare at the screen, transfixed. Everything you own — except SGOL and (of all things NLY) —\u00a0is showing bright red. All those months and months of hard work analyzing, mulling, and picking — all going down the\u00a0toilet, minute by minute. No sense in selling — not into yesterday’s maelstrom. And none of my disasters […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21733","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/21733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21733"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/21733\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}