by Justin Spittler
George Soros just doubled his bet against U.S. stocks.
You’ve probably heard of Soros. After Warren Buffett, he’s likely the world’s most well-known investor.
Soros is a household name because of his incredible track record. From 1969 to 2011, he generated average annual returns of 20%. He nearly beat the S&P 500 2-to-1 over that stretch.
Soros also famously “broke the Bank of England.” In 1992, he made a giant bet that the pound sterling, Britain’s currency, would crash. When it did, Soros pocketed $1 billion.