Comment on George Soros: US Recovery Is Far Off, Banks Are 'Basically Insolvent'parentComments−ckinnan17ySoros used leverage so his actual profits were vastly greater than 10%.−falsestprophet17yYou are correct. I should have thought through that more clearly.More precisely, he made about $1b on about $10b after leverage. Who knows what his leverage may have been.Maybe he made as much as 100% return on invested capital over the week.
Comments
Soros used leverage so his actual profits were vastly greater than 10%.
You are correct. I should have thought through that more clearly.
More precisely, he made about $1b on about $10b after leverage. Who knows what his leverage may have been.
Maybe he made as much as 100% return on invested capital over the week.