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He hardly invoked turmoil. Joining the ERM invoked turmoil. It was a silly idea and the valuation being wrong wasn't exactly a minority view. We should be cri
by oldcynic 9y ago
He hardly invoked turmoil.
Joining the ERM invoked turmoil. It was a silly idea and the valuation being wrong wasn't exactly a minority view.
We should be criticising and remembering the idiocy of Norman Lamont rather than of George Soros for profiting from that idiocy.
Now I don't know enough about the rest of Soros' career to have a view of whether he's good or bad. The infamous ERM short is not a smoking gun here.
- abraae 9y agoExactly. I was living in the UK at the time and it remains the only time I've ever made any money playing forex. It was obvious to increasingly.. everyone .. that the Bank was playing chicken with the markets. Soros was on the winning side.