I don’t get it. Soros was able to break the pound because the UK government was committed to maintaining an artificial price. That’s nothing like an ETF or mutu

I don’t get it. Soros was able to break the pound because the UK government was committed to maintaining an artificial price. That’s nothing like an ETF or mutual fund of the S&P 500, which probably has one of the most efficient (relative to the capital involved) market price discovery mechanisms in history.