Tips From The Master

How to make a billion while all around you lose their shirts

TO HIGH-ROLLING CURRENCY SPECULATORS LIKE London-based billionaire George Soros, there is no sweeter music than the roar of an international exchange- rate crisis. In his latest orchestration, Soros reaped profits to the tune of $1 billion by staking seven-digit sums of leveraged cash on a future drop in the value of the lira and pound sterling. Amid Europe's ongoing currency flux, Soros could have easily come out a big loser. But when the pound tumbled, his risky triumph delighted investors in the Soros-run Quantum Fund and peeved officials in Western Europe's vulnerable central banks, who were forced to cough up billions...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!