Bessent: Soros used 300% leverage to gain 140% trading 1980s currency accords
Scott Bessent · Scott Bessent - Macro Maven (EP.415) · Nov 4, 2024 · at 29:58
Scott Bessent discusses George Soros's foundational book 'The Alchemy of Finance' and Soros's aggressive positioning during historical macro currency realignments in the 1980s.
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“He kept a trading journal in a year when he was up over a 140%, and these currency, the realignments, the plaza cord, the lube cord happened. The things move six percent in a night, and He would add a 300% position because things really used to trend a lot more.”
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