Albert Einstein once said that the most powerful force in the universe was that of compounding interest. Many people do not understand exactly how true that statement is. This is one reason that debt is so pernicious. The debtor inevitably pays more and more of his income to the lender, eventually leading to a situation that becomes unsustainable and more information click here.
But this is also one of the main reasons that the ultra-rich have gotten to where they are. Investors like Warren Buffett and George Soros have become fantastically wealthy through nothing more than the power of compounding interest. These investors have been able to rake in returns on between 20 and 25 percent per year, leading them to become among the richest people currently alive
But even compounding returns of 5 percent per year are considered to be extremely good in the investment community. Anyone who can consistently make above 10 percent per year is considered a virtual genius. On the other hand, you have those investors like George Soros who have managed to rack up truly astounding rates of return, year after year. All told, Soros has been operating his own hedge fund for more than 45 years. Over that time, he has been able to return rates of almost 25 percent per annum, making him one of the most successful investors in the history of the markets and learn more about George Soros.
This has not only allowed Soros to acquire fantastic wealth, it has also allowed him to pursue a life of philanthropy. As one of the most prolific philanthropists in the United States and across the globe, Soros has created many different charitable associations and organizations, leading directly to vast social changes in many of the countries in which he has operated, including the toppling of governments of the former Soviet Bloc states and Twitter.com.
Within the United States, Soros has also been active in philanthropy. He has donated more than $50 million to recent presidential campaigns, becoming one of the largest donors in the of history of presidential politics. He has also made it his pet cause to reform the criminal justice system. Soros has long held that many of the policies that have driven the U.S. criminal justice system historically are gravely unjust. Soros points out that minorities are locked up in the United States at a rate many times higher than that of the native white population. Soros views this as a serious injustice.
Through his charitable organizations, Soros is moving to reform the criminal justice system from the ground up. By donating millions of dollars to the campaigns of progressive-minded sheriffs, district attorneys and judges, Soros hopes to finally change the way in which the criminal justice system fundamentally operates and contact him.
More visit: https://www.georgesoros.com/philanthropy/