This Investing Legend Just Doubled His Bet Against U.S. Stocks

by Justin Spittler
Casey Research

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.

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