Soros Loses $1 Billion Betting Against Trump, Former Partner Druckenmiller Bets With Trump, Wins

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Mark Melin
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Updated on

Perhaps the biggest mistake investors make is emotional attachment seeping into their analysis. This can happen to average investors as well as the world’s most accomplished. Just ask George Soros. As The Wall Street Journal first reported, one of the only hedge fund managers to ever go toe-to-toe with a central bank and come out alive lost nearly $1 billion recently betting against President-elect Donald Trump. The amount he lost on Trump was nearly equal to the amount he made on the trade of his life, a $1 billion win in 1992 “Breaking the bank of England.” Soros invests with…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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