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Financial authority

Why George Soros is unnecessarily gloomy about the future of the global financial system and the hard-working plumbers who are patching it up

By Howard Davies   February 2001

george soros is an unusual animal. Indeed, in my experience he is unique. Not just for his ability to make money in a wide range of volatile markets. (Although that ability may now-by his own admission-be a thing of the past). Nor even because he is engaged in a huge philanthropic exercise, redistributing $500m a year through his Open Society Foundations in eastern Europe and elsewhere. That is unusual, but there are others who have similarly endowed foundations in their image.

Soros’s unique contribution rests rather on his personal engagement with the main policy issues in international financial markets today:…

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